Fmr LLC Sells 1,145,350 Shares of Dollar General Co. (NYSE:DG)

FMR LLC reduced its position in Dollar General Co. (NYSE:DG - Free Report) by 79.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 289,496 shares of the company's stock after selling 1,145,350 shares during the quarter. FMR LLC owned approximately 0.13% of Dollar General worth $24,483,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of DG. Studio Investment Management LLC lifted its position in shares of Dollar General by 117.7% during the 2nd quarter. Studio Investment Management LLC now owns 283 shares of the company's stock worth $37,000 after buying an additional 153 shares during the period. TruNorth Capital Management LLC acquired a new stake in shares of Dollar General in the 2nd quarter valued at $39,000. Quarry LP bought a new stake in shares of Dollar General in the 2nd quarter worth about $46,000. Pathway Financial Advisers LLC grew its holdings in shares of Dollar General by 30.6% in the 2nd quarter. Pathway Financial Advisers LLC now owns 376 shares of the company's stock worth $50,000 after purchasing an additional 88 shares during the last quarter. Finally, Crewe Advisors LLC lifted its holdings in Dollar General by 73.9% during the 2nd quarter. Crewe Advisors LLC now owns 447 shares of the company's stock valued at $59,000 after purchasing an additional 190 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

Dollar General Stock Up 2.0 %

Shares of DG stock traded up $1.60 on Tuesday, hitting $82.40. 3,396,889 shares of the stock were exchanged, compared to its average volume of 3,288,917. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $18.12 billion, a P/E ratio of 13.57, a price-to-earnings-growth ratio of 2.42 and a beta of 0.44. The business has a 50-day moving average of $79.44 and a 200 day moving average of $102.92. Dollar General Co. has a fifty-two week low of $72.12 and a fifty-two week high of $168.07.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings data on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm had revenue of $10.18 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the company earned $1.26 earnings per share. The firm's quarterly revenue was up 5.0% on a year-over-year basis. Equities analysts anticipate that Dollar General Co. will post 5.77 EPS for the current year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, January 7th. This represents a $2.36 annualized dividend and a yield of 2.86%. Dollar General's dividend payout ratio is 38.88%.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Steven R. Deckard sold 2,010 shares of the firm's stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total value of $174,186.60. Following the sale, the executive vice president now owns 2,887 shares of the company's stock, valued at approximately $250,187.42. This trade represents a 41.05 % decrease in their position. 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 firm's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total value of $208,957.50. Following the sale, the executive vice president now directly owns 9,163 shares in the company, valued at approximately $762,819.75. This trade represents a 21.50 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Gordon Haskett raised shares of Dollar General from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 8th. Evercore ISI decreased their price target on Dollar General from $97.00 to $95.00 and set an "in-line" rating on the stock in a research report on Tuesday, December 3rd. BMO Capital Markets lifted their price objective on Dollar General from $80.00 to $84.00 and gave the company a "market perform" rating in a research report on Friday. Raymond James cut their price objective on Dollar General from $150.00 to $120.00 and set an "outperform" rating for the company in a research report on Friday, August 30th. Finally, The Goldman Sachs Group cut their price objective on Dollar General from $122.00 to $104.00 and set a "buy" rating for the company in a research report on Friday. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $98.27.

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.