Bristlecone Advisors LLC Grows Stock Holdings in Dollar General Co. (NYSE:DG)

Bristlecone Advisors LLC grew its holdings in Dollar General Co. (NYSE:DG) by 137.6% during the third quarter, HoldingsChannel.com reports. The fund owned 6,323 shares of the company’s stock after purchasing an additional 3,662 shares during the quarter. Bristlecone Advisors LLC’s holdings in Dollar General were worth $535,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fidelis Capital Partners LLC boosted its holdings in Dollar General by 3.3% in the 1st quarter. Fidelis Capital Partners LLC now owns 2,425 shares of the company’s stock worth $378,000 after acquiring an additional 77 shares during the period. Industrial Alliance Investment Management Inc. lifted its position in shares of Dollar General by 3.5% during the first quarter. Industrial Alliance Investment Management Inc. now owns 2,390 shares of the company’s stock worth $373,000 after purchasing an additional 80 shares in the last quarter. Pullen Investment Management LLC grew its holdings in Dollar General by 4.3% during the 2nd 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 in the last quarter. 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 worth $50,000 after buying an additional 88 shares during the period. Finally, Capital Advisors Ltd. LLC increased its stake in Dollar General by 10.9% during the 1st quarter. Capital Advisors Ltd. LLC now owns 994 shares of the company’s stock worth $155,000 after buying an additional 98 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insider Buying and Selling

In other Dollar General news, Director Warren F. Bryant bought 1,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were purchased at an average price of $80.83 per share, with a total value of $80,830.00. Following the purchase, the director now directly owns 42,030 shares of the company’s stock, valued at approximately $3,397,284.90. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Steven R. Deckard sold 2,010 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 2,887 shares in the company, valued at $250,187.42. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Warren F. Bryant bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were purchased at an average cost of $80.83 per share, for a total transaction of $80,830.00. Following the acquisition, the director now owns 42,030 shares of the company’s stock, valued at $3,397,284.90. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DG. Barclays lowered their target price on Dollar General from $154.00 to $102.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. UBS Group dropped their price objective on Dollar General from $155.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Morgan Stanley cut Dollar General from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $170.00 to $100.00 in a research note on Friday, August 30th. Citigroup lowered shares of Dollar General from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $91.00 to $73.00 in a research note on Friday, September 27th. Finally, Argus reduced their price objective on shares of Dollar General from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, Dollar General has a consensus rating of “Hold” and a consensus price target of $107.84.

Dollar General Trading Down 1.3 %

NYSE:DG opened at $80.38 on Monday. Dollar General Co. has a 12-month low of $77.96 and a 12-month high of $168.07. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24. The business has a 50 day simple moving average of $89.58 and a 200 day simple moving average of $116.89. The firm has a market capitalization of $17.68 billion, a P/E ratio of 11.70, a P/E/G ratio of 2.42 and a beta of 0.44.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, August 29th. The company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.09). The firm had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.13 EPS. Equities research analysts predict that Dollar General Co. will post 5.86 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, October 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.94%. Dollar General’s dividend payout ratio is presently 34.35%.

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.