Dollar General Co. (NYSE:DG) Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lifted its position in Dollar General Co. (NYSE:DG) by 45.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,390 shares of the company’s stock after acquiring an additional 1,993 shares during the period. Concurrent Investment Advisors LLC’s holdings in Dollar General were worth $485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Eagle Rock Investment Company LLC boosted its stake in Dollar General by 16.3% during the fourth quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company’s stock worth $2,186,000 after buying an additional 4,048 shares during the last quarter. 1834 Investment Advisors Co. acquired a new position in Dollar General during the third quarter worth $5,650,000. Leibman Financial Services Inc. acquired a new position in Dollar General during the fourth quarter worth $2,018,000. Victory Capital Management Inc. boosted its stake in Dollar General by 62.9% during the third quarter. Victory Capital Management Inc. now owns 166,574 shares of the company’s stock worth $14,087,000 after buying an additional 64,336 shares during the last quarter. Finally, DAVENPORT & Co LLC boosted its stake in Dollar General by 5,624.9% during the fourth quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company’s stock worth $24,385,000 after buying an additional 316,005 shares during the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on DG. JPMorgan Chase & Co. lowered their price objective 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. Gordon Haskett downgraded Dollar General from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Morgan Stanley reduced their target price on Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. The Goldman Sachs Group reduced their target price on Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company reduced their target price on Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and a consensus target price of $96.77.

Dollar General Price Performance

DG stock opened at $79.12 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The firm has a market capitalization of $17.40 billion, a P/E ratio of 13.04, a P/E/G ratio of 2.18 and a beta of 0.43. The business’s 50-day moving average is $73.34 and its two-hundred day moving average is $82.15. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $168.07.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). The company had revenue of $10.18 billion during the quarter, compared to analyst estimates of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. Dollar General’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.26 EPS. Analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend was Tuesday, January 7th. Dollar General’s dividend payout ratio is currently 38.88%.

Insider Buying and Selling at Dollar General

In other news, EVP Emily C. Taylor sold 4,740 shares of the 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 transaction, the executive vice president now owns 15,575 shares in the company, valued at approximately $1,206,128. This represents a 23.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael M. Calbert sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the transaction, 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 disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

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.