GAMMA Investing LLC Sells 513 Shares of Dollar General Co. (NYSE:DG)

GAMMA Investing LLC reduced its position in shares of Dollar General Co. (NYSE:DG) by 14.6% during the third quarter, Holdings Channel reports. The institutional investor owned 2,999 shares of the company’s stock after selling 513 shares during the period. GAMMA Investing LLC’s holdings in Dollar General were worth $254,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DG. Fortis Group Advisors LLC lifted its holdings in shares of Dollar General by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock worth $27,000 after purchasing an additional 100 shares in the last quarter. Bank & Trust Co acquired a new stake in shares of Dollar General in the 2nd quarter worth about $26,000. Salem Investment Counselors Inc. lifted its position in Dollar General by 104.9% in the 1st quarter. Salem Investment Counselors Inc. now owns 250 shares of the company’s stock valued at $39,000 after acquiring an additional 128 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Dollar General during the 2nd quarter valued at about $33,000. Finally, Crewe Advisors LLC bought a new stake in Dollar General during the 1st quarter worth approximately $40,000. Institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DG. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar General in a research report on Monday, August 26th. Raymond James lowered their target price on shares of Dollar General from $150.00 to $120.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Gordon Haskett cut shares of Dollar General from a “buy” rating to a “hold” rating and set a $90.00 price target on the stock. in a report on Friday, August 30th. Morgan Stanley lowered shares of Dollar General from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $170.00 to $100.00 in a research note on Friday, August 30th. Finally, Evercore ISI cut their target price on Dollar General from $139.00 to $100.00 and set an “in-line” rating on the stock in a research note on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $109.15.

Dollar General Stock Down 0.5 %

Dollar General stock opened at $82.42 on Friday. Dollar General Co. has a 1-year low of $77.96 and a 1-year high of $168.07. The firm has a 50 day simple moving average of $98.81 and a 200 day simple moving average of $123.39. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $18.12 billion, a price-to-earnings ratio of 12.00, a P/E/G ratio of 2.52 and a beta of 0.44.

Dollar General (NYSE:DG) last released 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 the consensus estimate of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.13 earnings per share. On average, analysts predict that Dollar General Co. will post 5.85 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date is Tuesday, October 8th. Dollar General’s dividend payout ratio (DPR) is presently 34.35%.

Insiders Place Their Bets

In other news, EVP Steven R. Deckard sold 2,010 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 2,887 shares of the company’s stock, valued at approximately $250,187.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Steven R. Deckard sold 2,010 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total transaction of $174,186.60. Following the completion of the transaction, the executive vice president now owns 2,887 shares of the company’s stock, valued at approximately $250,187.42. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Warren F. Bryant bought 500 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the purchase, the director now directly owns 41,030 shares of the company’s stock, valued at $3,298,812. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.49% of the company’s stock.

About Dollar General

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.