23,810 Shares in Dollar General Co. (NYSE:DG) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in Dollar General Co. (NYSE:DG - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 23,810 shares of the company's stock, valued at approximately $2,014,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. First National Bank of Omaha lifted its position in shares of Dollar General by 23.9% in the 3rd quarter. First National Bank of Omaha now owns 66,736 shares of the company's stock worth $5,644,000 after purchasing an additional 12,863 shares during the period. XTX Topco Ltd lifted its position in shares of Dollar General by 6.1% in the 3rd quarter. XTX Topco Ltd now owns 23,839 shares of the company's stock worth $2,016,000 after purchasing an additional 1,360 shares during the period. National Bank of Canada FI lifted its position in shares of Dollar General by 35.6% in the 3rd quarter. National Bank of Canada FI now owns 218,749 shares of the company's stock worth $18,500,000 after purchasing an additional 57,374 shares during the period. Empirical Capital Management LLC purchased a new stake in shares of Dollar General in the 3rd quarter worth about $3,045,000. Finally, Worldquant Millennium Advisors LLC purchased a new stake in shares of Dollar General in the 3rd quarter worth about $32,932,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Stock Performance

NYSE DG traded down $2.55 during trading hours on Wednesday, hitting $79.84. 3,203,381 shares of the company's stock traded hands, compared to its average volume of 3,288,575. The business's fifty day moving average price is $79.40 and its two-hundred day moving average price is $102.48. 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 $17.56 billion, a P/E ratio of 13.50, a P/E/G ratio of 2.42 and a beta of 0.44. Dollar General Co. has a 52 week low of $72.12 and a 52 week high of $168.07.

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

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.96%. The ex-dividend date is Tuesday, January 7th. Dollar General's dividend payout ratio is currently 38.88%.

Insider Buying and Selling at Dollar General

In other Dollar General news, 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 transaction of $174,186.60. Following the transaction, the executive vice president now owns 2,887 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Also, EVP Roderick J. West sold 2,510 shares of the business's stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the completion of the transaction, the executive vice president now directly owns 9,163 shares in the company, valued at $762,819.75. This trade represents 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.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group lowered their price target on shares of Dollar General from $122.00 to $104.00 and set a "buy" rating for the company in a research report on Friday, December 6th. Loop Capital lowered their price target on shares of Dollar General from $130.00 to $90.00 and set a "hold" rating for the company in a research report on Friday, August 30th. Gordon Haskett raised shares of Dollar General from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 8th. Wells Fargo & Company lowered their price target on shares of Dollar General from $90.00 to $80.00 and set an "equal weight" rating for the company in a research report on Thursday, December 5th. Finally, Morgan Stanley cut shares of 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. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus 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.