MetLife Investment Management LLC Sells 1,419 Shares of Dollar General Co. (NYSE:DG)

MetLife Investment Management LLC reduced its position in Dollar General Co. (NYSE:DG) by 2.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,171 shares of the company’s stock after selling 1,419 shares during the period. MetLife Investment Management LLC’s holdings in Dollar General were worth $4,835,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of DG. Pzena Investment Management LLC lifted its stake in shares of Dollar General by 453.4% in the third quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock valued at $865,903,000 after buying an additional 8,388,735 shares in the last quarter. Baupost Group LLC MA bought a new position in Dollar General in the 3rd quarter valued at about $194,832,000. Point72 Asset Management L.P. boosted its stake in Dollar General by 148.6% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company’s stock valued at $169,257,000 after purchasing an additional 765,206 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Dollar General by 319.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company’s stock worth $122,324,000 after purchasing an additional 704,639 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Dollar General in the second quarter worth approximately $55,986,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on DG. Sanford C. Bernstein initiated coverage on Dollar General in a report on Tuesday, October 22nd. They set an “outperform” rating and a $98.00 price target for the company. Gordon Haskett upgraded shares of Dollar General from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. BMO Capital Markets dropped their price target on shares of Dollar General from $90.00 to $80.00 and set a “market perform” rating on the stock in a research report on Monday, November 18th. Citigroup downgraded shares of Dollar General from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $91.00 to $73.00 in a research report on Friday, September 27th. Finally, Wells Fargo & Company dropped their target price on shares of Dollar General from $145.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 27th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $104.00.

Dollar General Trading Up 1.3 %

Shares of DG opened at $77.27 on Monday. Dollar General Co. has a twelve month low of $72.12 and a twelve month high of $168.07. The stock has a market cap of $16.99 billion, a PE ratio of 12.00, a P/E/G ratio of 2.26 and a beta of 0.45. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The business’s 50-day moving average price is $80.16 and its 200-day moving average price is $105.53.

Dollar General (NYSE:DG) last posted its 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). The firm had revenue of $10.21 billion during 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 business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.13 earnings per share. On average, equities analysts forecast that Dollar General Co. will post 5.85 EPS for the current fiscal year.

Insider Activity at Dollar General

In other Dollar General news, EVP Roderick J. West sold 2,510 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 9,163 shares of the company’s stock, valued at $762,819.75. The trade was a 21.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Warren F. Bryant acquired 500 shares of the stock in a transaction dated Thursday, September 5th. The shares were bought at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the transaction, the director now owns 41,030 shares in the company, valued at approximately $3,298,812. This represents a 1.23 % increase in their position. The disclosure for this purchase can be found here. 0.49% of the stock is owned by corporate insiders.

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.