NorthCrest Asset Manangement LLC Sells 411 Shares of Dollar General Co. (NYSE:DG)

NorthCrest Asset Manangement LLC lessened its stake in shares of Dollar General Co. (NYSE:DG) by 1.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,267 shares of the company’s stock after selling 411 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Dollar General were worth $5,325,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of DG. Diversified Trust Co purchased a new position in shares of Dollar General during the 2nd quarter valued at about $646,000. Dynamic Advisor Solutions LLC boosted its holdings in Dollar General by 3.4% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 4,341 shares of the company’s stock worth $574,000 after buying an additional 143 shares during the last quarter. Artemis Investment Management LLP acquired a new position in shares of Dollar General during the 2nd quarter worth approximately $10,474,000. Czech National Bank boosted its holdings in shares of Dollar General by 8.4% during the 2nd quarter. Czech National Bank now owns 41,860 shares of the company’s stock worth $5,535,000 after purchasing an additional 3,240 shares during the last quarter. Finally, MJP Associates Inc. ADV grew its position in Dollar General by 32.5% in the second quarter. MJP Associates Inc. ADV now owns 3,956 shares of the company’s stock worth $523,000 after acquiring an additional 970 shares during the period. Institutional investors own 91.77% of the company’s stock.

Dollar General Stock Down 0.4 %

Dollar General stock traded down $0.50 during trading on Wednesday, reaching $116.34. 497,222 shares of the company’s stock were exchanged, compared to its average volume of 2,408,851. The company’s 50-day moving average is $125.00 and its two-hundred day moving average is $137.73. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.18 and a current ratio of 1.22. Dollar General Co. has a 52-week low of $101.09 and a 52-week high of $168.07. The firm has a market cap of $25.58 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 2.36 and a beta of 0.43.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, May 30th. The company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.08. Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The firm had revenue of $9.91 billion during the quarter, compared to analysts’ expectations of $9.89 billion. During the same period in the prior year, the company earned $2.34 EPS. The firm’s revenue was up 6.1% on a year-over-year basis. On average, analysts predict that Dollar General Co. will post 7.21 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th were issued a $0.59 dividend. The ex-dividend date was Tuesday, July 9th. This represents a $2.36 dividend on an annualized basis and a yield of 2.03%. Dollar General’s dividend payout ratio is currently 34.35%.

Analyst Upgrades and Downgrades

DG has been the topic of a number of analyst reports. Evercore ISI cut their price target on Dollar General from $151.00 to $148.00 and set an “in-line” rating on the stock in a research note on Tuesday, July 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $170.00 price objective on shares of Dollar General in a report on Thursday, May 30th. BMO Capital Markets lowered their price objective on Dollar General from $150.00 to $140.00 and set a “market perform” rating on the stock in a report on Friday, May 31st. Wells Fargo & Company lowered their price objective on Dollar General from $155.00 to $145.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 4th. Finally, Argus lowered their price objective on Dollar General from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, July 15th. Twelve research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $147.41.

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.