Dollar General Co. (NYSE:DG) Shares Bought by Sather Financial Group Inc

Sather Financial Group Inc raised its position in shares of Dollar General Co. (NYSE:DG - Free Report) by 78.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 490,168 shares of the company's stock after acquiring an additional 215,507 shares during the period. Dollar General makes up 2.7% of Sather Financial Group Inc's portfolio, making the stock its 18th biggest position. Sather Financial Group Inc owned about 0.22% of Dollar General worth $41,454,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Capital International Investors lifted its holdings in shares of Dollar General by 11.3% in the first quarter. Capital International Investors now owns 20,790,023 shares of the company's stock valued at $3,244,491,000 after purchasing an additional 2,113,485 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Dollar General by 11.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,217,480 shares of the company's stock valued at $3,155,141,000 after acquiring an additional 2,031,593 shares during the period. Point72 Asset Management L.P. grew its stake in shares of Dollar General by 148.6% in the second quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company's stock worth $169,257,000 after acquiring an additional 765,206 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Dollar General by 319.6% in the second quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company's stock worth $122,324,000 after acquiring an additional 704,639 shares during the last quarter. Finally, Interval Partners LP acquired a new stake in shares of Dollar General in the first quarter worth $87,081,000. Institutional investors and hedge funds own 91.77% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DG shares. Gordon Haskett upgraded Dollar General from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 8th. Oppenheimer reaffirmed a "market perform" rating on shares of Dollar General in a research note on Monday, August 26th. BMO Capital Markets lowered their target price on Dollar General from $130.00 to $90.00 and set a "market perform" rating for the company in a report on Friday, August 30th. Melius Research began coverage on Dollar General in a report on Monday, September 23rd. They issued a "hold" rating and a $85.00 price objective for the company. Finally, Morgan Stanley lowered Dollar General from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $170.00 to $100.00 in a research report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $104.45.

Dollar General Stock Down 1.5 %

DG traded down $1.17 during trading on Friday, reaching $75.88. 3,704,309 shares of the stock were exchanged, compared to its average volume of 3,944,724. The stock has a market cap of $16.69 billion, a P/E ratio of 11.78, a price-to-earnings-growth ratio of 2.22 and a beta of 0.45. Dollar General Co. has a twelve month low of $73.51 and a twelve month high of $168.07. The stock's 50 day moving average price is $81.85 and its two-hundred day moving average price is $110.18. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22.

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

Dollar General Announces Dividend

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

Insider Buying and Selling at Dollar General

In related news, Director Warren F. Bryant purchased 500 shares of Dollar General stock in a transaction on Thursday, September 5th. The stock was acquired at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the transaction, the director now directly owns 41,030 shares in the company, valued at $3,298,812. This represents a 1.23 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Steven R. Deckard sold 2,010 shares of Dollar General stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total value of $174,186.60. Following the sale, the executive vice president now directly owns 2,887 shares in the company, valued at $250,187.42. This trade represents a 41.05 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.