Dollar General Co. (NYSE:DG) Position Increased by FORA Capital LLC

FORA Capital LLC increased its stake in shares of Dollar General Co. (NYSE:DG) by 296.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,417 shares of the company’s stock after buying an additional 72,859 shares during the quarter. Dollar General comprises approximately 1.0% of FORA Capital LLC’s holdings, making the stock its 19th largest position. FORA Capital LLC’s holdings in Dollar General were worth $8,239,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in DG. Pullen Investment Management LLC increased its holdings in shares of Dollar General by 4.3% during the second quarter. Pullen Investment Management LLC now owns 2,105 shares of the company’s stock valued at $278,000 after purchasing an additional 87 shares during the period. Pathway Financial Advisers LLC increased its stake in Dollar General by 30.6% during the 2nd quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock valued at $50,000 after buying an additional 88 shares during the period. Mitchell Mcleod Pugh & Williams Inc. raised its position in shares of Dollar General by 3.8% during the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,835 shares of the company’s stock worth $375,000 after buying an additional 103 shares in the last quarter. Wedbush Securities Inc. lifted its stake in shares of Dollar General by 7.3% in the 2nd quarter. Wedbush Securities Inc. now owns 1,661 shares of the company’s stock worth $220,000 after acquiring an additional 113 shares during the period. Finally, Lummis Asset Management LP boosted its holdings in shares of Dollar General by 1.2% in the second quarter. Lummis Asset Management LP now owns 9,419 shares of the company’s stock valued at $1,245,000 after acquiring an additional 115 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Dollar General Stock Up 1.1 %

DG traded up $0.81 during trading on Wednesday, reaching $75.45. 482,304 shares of the stock traded hands, compared to its average volume of 3,211,635. The stock’s 50-day simple moving average is $80.75 and its two-hundred day simple moving average is $106.87. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24. Dollar General Co. has a fifty-two week low of $72.12 and a fifty-two week high of $168.07. The stock has a market cap of $16.59 billion, a price-to-earnings ratio of 11.59, a price-to-earnings-growth ratio of 2.24 and a beta of 0.45.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Evercore ISI dropped their target price on Dollar General from $101.00 to $97.00 and set a “hold” rating on the stock in a report on Friday, November 15th. Bernstein Bank dropped their price objective on Dollar General from $98.00 to $94.00 in a research note on Friday, November 15th. Telsey Advisory Group cut Dollar General from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $168.00 to $103.00 in a research note on Friday, August 30th. The Goldman Sachs Group lowered their target price on Dollar General from $169.00 to $122.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Finally, UBS Group reduced their price objective on shares of Dollar General from $155.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Two research 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 stock. Based on data from MarketBeat.com, Dollar General presently has an average rating of “Hold” and a consensus price target of $104.00.

Insiders Place Their Bets

In other news, Director Warren F. Bryant bought 500 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was purchased at an average price of $80.40 per share, with a total value of $40,200.00. Following the transaction, the director now directly owns 41,030 shares in the company, valued at approximately $3,298,812. The trade was a 1.23 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 completion of the sale, the executive vice president now directly owns 2,887 shares in the company, valued at approximately $250,187.42. This represents a 41.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

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.