Blueshift Asset Management LLC Sells 3,939 Shares of Dollar General Co. (NYSE:DG)

Blueshift Asset Management LLC lowered its holdings in shares of Dollar General Co. (NYSE:DG) by 32.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 8,334 shares of the company’s stock after selling 3,939 shares during the period. Blueshift Asset Management LLC’s holdings in Dollar General were worth $705,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Bank & Trust Co bought a new stake in shares of Dollar General during the 2nd quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Dollar General in the second quarter valued at approximately $33,000. Studio Investment Management LLC increased its stake in shares of 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 purchasing an additional 153 shares during the period. Strategic Financial Concepts LLC bought a new stake in Dollar General in the 2nd quarter valued at $37,000. Finally, TruNorth Capital Management LLC acquired a new position in shares of Dollar General in the second quarter valued at about $39,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insider Activity

In other news, EVP Roderick J. West sold 2,510 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total value of $208,957.50. Following the sale, the executive vice president now directly owns 9,163 shares of the company’s stock, valued at approximately $762,819.75. This represents a 21.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 shares were purchased at an average cost of $80.40 per share, with a total value of $40,200.00. Following the purchase, the director now directly owns 41,030 shares of the company’s stock, valued at $3,298,812. The trade was a 1.23 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Loop Capital dropped their price objective on Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a report on Friday, August 30th. Bernstein Bank cut their price objective on shares of Dollar General from $98.00 to $94.00 in a research report on Friday, November 15th. Gordon Haskett raised shares of Dollar General from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Daiwa America downgraded shares of Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Finally, Wells Fargo & Company decreased their price objective on shares of Dollar General from $145.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 27th. Two investment analysts have rated the stock with a sell rating, fourteen have issued 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, the stock currently has an average rating of “Hold” and a consensus price target of $104.00.

Dollar General Trading Up 2.1 %

Shares of NYSE DG opened at $76.24 on Thursday. The firm has a 50 day moving average price of $80.54 and a two-hundred day moving average price of $106.65. The stock has a market cap of $16.77 billion, a P/E ratio of 11.84, a price-to-earnings-growth ratio of 2.24 and a beta of 0.45. Dollar General Co. has a 52-week low of $72.12 and a 52-week high of $168.07. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22.

Dollar General (NYSE:DG) last posted its quarterly earnings data 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 company had revenue of $10.21 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.13 earnings per share. As a group, equities analysts forecast that Dollar General Co. will post 5.85 EPS for the current year.

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.