Kize Capital LP Purchases 7,500 Shares of Dollar General Co. (NYSE:DG)

Kize Capital LP increased its position in shares of Dollar General Co. (NYSE:DG) by 9.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,000 shares of the company’s stock after purchasing an additional 7,500 shares during the period. Dollar General accounts for approximately 8.3% of Kize Capital LP’s portfolio, making the stock its 5th largest position. Kize Capital LP’s holdings in Dollar General were worth $7,104,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Bank & Trust Co purchased a new stake in shares of Dollar General during the 2nd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Dollar General during the 2nd quarter worth approximately $33,000. Studio Investment Management LLC increased its position in Dollar General by 117.7% during the second quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock worth $37,000 after buying an additional 153 shares during the period. Pathway Financial Advisers LLC purchased a new stake in Dollar General in the first quarter valued at approximately $45,000. Finally, TruNorth Capital Management LLC acquired a new stake in shares of Dollar General in the second quarter valued at approximately $39,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Stock Performance

Shares of NYSE DG opened at $74.67 on Wednesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24. The company has a market cap of $16.42 billion, a PE ratio of 11.59, a price-to-earnings-growth ratio of 2.24 and a beta of 0.45. The company has a 50-day simple moving average of $80.75 and a 200-day simple moving average of $106.87. Dollar General Co. has a 12 month low of $72.12 and a 12 month high of $168.07.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). The business had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.13 EPS. On average, equities analysts anticipate that Dollar General Co. will post 5.85 earnings per share for the current year.

Insider Activity

In related news, EVP Roderick J. West sold 2,510 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total value of $208,957.50. Following the transaction, the executive vice president now directly owns 9,163 shares of the company’s stock, valued at approximately $762,819.75. This trade represents a 21.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Steven R. Deckard sold 2,010 shares of the business’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 directly owns 2,887 shares of the company’s stock, valued at approximately $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.

Analyst Upgrades and Downgrades

Several research firms recently commented on DG. Wells Fargo & Company reduced their price target on shares of Dollar General from $145.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 27th. Melius Research initiated coverage on shares of Dollar General in a research note on Monday, September 23rd. They set a “hold” rating and a $85.00 target price for the company. Telsey Advisory Group downgraded Dollar General from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $168.00 to $103.00 in a research note on Friday, August 30th. JPMorgan Chase & Co. lowered their target price on Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Finally, Bernstein Bank cut their price target on Dollar General from $98.00 to $94.00 in a research note on Friday, November 15th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $104.00.

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.