Dollar General Co. (NYSE:DG) Shares Sold by Versor Investments LP

Versor Investments LP cut its stake in shares of Dollar General Co. (NYSE:DG - Free Report) by 66.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,600 shares of the company's stock after selling 9,071 shares during the period. Versor Investments LP's holdings in Dollar General were worth $389,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Patten & Patten Inc. TN raised its position in shares of Dollar General by 28.2% in the 3rd quarter. Patten & Patten Inc. TN now owns 4,976 shares of the company's stock worth $421,000 after buying an additional 1,095 shares during the period. State of New Jersey Common Pension Fund D lifted its holdings in Dollar General by 0.7% in the third quarter. State of New Jersey Common Pension Fund D now owns 81,242 shares of the company's stock worth $6,871,000 after acquiring an additional 568 shares during the last quarter. Sigma Planning Corp raised its holdings in shares of Dollar General by 72.8% during the third quarter. Sigma Planning Corp now owns 4,299 shares of the company's stock valued at $364,000 after buying an additional 1,811 shares during the last quarter. Oxbow Advisors LLC bought a new stake in shares of Dollar General during the third quarter valued at approximately $5,386,000. Finally, Tompkins Financial Corp bought a new stake in Dollar General during the third quarter worth approximately $127,000. Institutional investors and hedge funds own 91.77% of the company's stock.

Dollar General Stock Performance

DG traded down $1.17 during midday trading on Friday, hitting $75.88. 3,646,767 shares of the company traded hands, compared to its average volume of 3,199,519. Dollar General Co. has a 52 week low of $73.51 and a 52 week high of $168.07. The firm has a market capitalization of $16.69 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 2.24 and a beta of 0.45. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The company's 50-day moving average is $81.98 and its 200 day moving average is $110.84.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings data on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.79 by ($0.09). The company had revenue of $10.21 billion for the quarter, compared to analysts' expectations of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The company's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business earned $2.13 earnings per share. On average, research analysts expect that Dollar General Co. will post 5.86 EPS for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were given a $0.59 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $2.36 dividend on an annualized basis and a yield of 3.11%. Dollar General's dividend payout ratio is presently 36.65%.

Analysts Set New Price Targets

DG has been the topic of several recent research reports. Bank of America decreased their price target on shares of Dollar General from $118.00 to $95.00 and set an "underperform" rating on the stock in a research report on Friday, August 30th. Daiwa America lowered shares of Dollar General from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, September 4th. Citigroup downgraded shares of Dollar General from a "neutral" rating to a "sell" rating and dropped their price objective for the stock from $91.00 to $73.00 in a report on Friday, September 27th. Melius Research began coverage on shares of Dollar General in a research note on Monday, September 23rd. They issued a "hold" rating and a $85.00 target price on the stock. Finally, HSBC decreased their price objective on shares of Dollar General from $100.00 to $88.00 and set a "hold" rating on the stock in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $104.45.

Insiders Place Their Bets

In other Dollar General news, EVP Steven R. Deckard sold 2,010 shares of the business's stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total value of $174,186.60. Following the completion of the transaction, the executive vice president now directly owns 2,887 shares in the company, valued at approximately $250,187.42. The trade was a 41.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Roderick J. West sold 2,510 shares of the business's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $83.25, for a total value of $208,957.50. Following the sale, the executive vice president now owns 9,163 shares in the company, valued at $762,819.75. The trade was a 21.50 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.49% of the company's stock.

Dollar General Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.