Savoir Faire Capital Management L.P. Trims Stock Position in Dollar General Co. (NYSE:DG)

Savoir Faire Capital Management L.P. lessened its stake in Dollar General Co. (NYSE:DG) by 28.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 77,243 shares of the company’s stock after selling 31,132 shares during the period. Dollar General comprises about 3.3% of Savoir Faire Capital Management L.P.’s portfolio, making the stock its 6th biggest position. Savoir Faire Capital Management L.P.’s holdings in Dollar General were worth $6,532,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. boosted its position in shares of Dollar General by 85.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 58,107 shares of the company’s stock valued at $7,683,000 after purchasing an additional 26,813 shares in the last quarter. 1834 Investment Advisors Co. bought a new stake in shares of Dollar General during the 3rd quarter valued at about $5,650,000. Lecap Asset Management Ltd. boosted its position in shares of Dollar General by 231.6% during the 3rd quarter. Lecap Asset Management Ltd. now owns 37,462 shares of the company’s stock valued at $3,168,000 after purchasing an additional 26,165 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Dollar General by 278.1% during the 1st quarter. Cetera Investment Advisers now owns 64,628 shares of the company’s stock valued at $10,086,000 after purchasing an additional 47,534 shares in the last quarter. Finally, Kiltearn Partners LLP bought a new stake in shares of Dollar General during the 2nd quarter valued at about $9,587,000. Institutional investors own 91.77% of the company’s stock.

Insider Transactions at Dollar General

In other Dollar General news, EVP Roderick J. West sold 2,510 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the sale, the executive vice president now owns 9,163 shares in the company, valued at $762,819.75. This trade represents a 21.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Steven R. Deckard sold 2,010 shares of the firm’s stock in a transaction dated 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 owns 2,887 shares in the company, valued at $250,187.42. The trade was 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 Price Performance

Shares of NYSE DG opened at $77.09 on Tuesday. The stock has a fifty day simple moving average of $81.77 and a two-hundred day simple moving average of $109.57. Dollar General Co. has a 1-year low of $73.51 and a 1-year high of $168.07. The firm has a market cap of $16.95 billion, a price-to-earnings ratio of 11.97, a price-to-earnings-growth ratio of 2.22 and a beta of 0.45. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86.

Dollar General (NYSE:DG) last posted its quarterly 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). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The company had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.37 billion. During the same period in the previous year, the business earned $2.13 earnings per share. Dollar General’s revenue was up 4.2% on a year-over-year basis. Analysts anticipate that Dollar General Co. will post 5.86 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date was Tuesday, October 8th. Dollar General’s payout ratio is currently 36.65%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on DG shares. Telsey Advisory Group downgraded Dollar General from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $168.00 to $103.00 in a research note on Friday, August 30th. BMO Capital Markets dropped their price target on Dollar General from $90.00 to $80.00 and set a “market perform” rating on the stock in a research note on Monday. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar General in a research note on Monday, August 26th. Bank of America dropped their price target on Dollar General from $118.00 to $95.00 and set an “underperform” rating on the stock in a research note on Friday, August 30th. Finally, Jefferies Financial Group dropped their price target on Dollar General from $110.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $104.00.

Dollar General Company 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.