Inspire Advisors LLC Raises Holdings in Dollar General Co. (NYSE:DG)

Inspire Advisors LLC increased its position in shares of Dollar General Co. (NYSE:DG) by 28.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,947 shares of the company’s stock after purchasing an additional 876 shares during the quarter. Inspire Advisors LLC’s holdings in Dollar General were worth $299,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in DG. Wilmington Savings Fund Society FSB purchased a new stake in shares of Dollar General during the third quarter worth approximately $33,000. Providence First Trust Co purchased a new stake in shares of Dollar General during the fourth quarter worth approximately $33,000. Bogart Wealth LLC increased its position in shares of Dollar General by 279.8% during the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock worth $37,000 after purchasing an additional 361 shares in the last quarter. OFI Invest Asset Management acquired a new position in Dollar General during the fourth quarter worth $37,000. Finally, Venturi Wealth Management LLC boosted its stake in Dollar General by 126.4% during the fourth quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock worth $38,000 after buying an additional 278 shares during the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Price Performance

DG opened at $74.78 on Thursday. The stock’s 50-day moving average price is $73.52 and its 200 day moving average price is $78.69. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $168.07. 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 cap of $16.45 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 2.18 and a beta of 0.44.

Insiders Place Their Bets

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the sale, the director now owns 120,322 shares in the company, valued at $9,056,636.94. This represents a 4.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Emily C. Taylor sold 4,740 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $77.44, for a total value of $367,065.60. Following the sale, the executive vice president now owns 15,575 shares in the company, valued at approximately $1,206,128. This trade represents a 23.33 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

Analysts Set New Price Targets

DG has been the topic of a number of recent research reports. Telsey Advisory Group lowered their price objective on Dollar General from $88.00 to $85.00 and set a “market perform” rating on the stock in a research note on Thursday, March 6th. Citigroup lowered their price objective on Dollar General from $73.00 to $69.00 and set a “sell” rating on the stock in a research note on Friday, March 7th. UBS Group lowered their price objective on Dollar General from $108.00 to $95.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Wells Fargo & Company lowered their price objective on Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 5th. Finally, Bank of America raised Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price objective on the stock in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, Dollar General currently has an average rating of “Hold” and an average target price of $95.09.

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.