Dollar General Co. (NYSE:DG) Shares Sold by Sather Financial Group Inc

Sather Financial Group Inc lessened its stake in Dollar General Co. (NYSE:DG) by 16.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 409,919 shares of the company’s stock after selling 80,249 shares during the period. Dollar General makes up approximately 1.9% of Sather Financial Group Inc’s holdings, making the stock its 20th biggest holding. Sather Financial Group Inc’s holdings in Dollar General were worth $31,080,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DG. Inspire Investing LLC raised its stake in Dollar General by 69.3% during the third quarter. Inspire Investing LLC now owns 3,376 shares of the company’s stock worth $286,000 after acquiring an additional 1,382 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of Dollar General during the 3rd quarter worth approximately $202,000. ORG Wealth Partners LLC bought a new stake in shares of Dollar General in the 3rd quarter worth approximately $57,000. Stablepoint Partners LLC boosted its holdings in shares of Dollar General by 7.8% during the third quarter. Stablepoint Partners LLC now owns 8,213 shares of the company’s stock valued at $695,000 after acquiring an additional 597 shares during the period. Finally, Wedge Capital Management L L P NC increased its holdings in shares of Dollar General by 8.5% in the 3rd quarter. Wedge Capital Management L L P NC now owns 115,096 shares of the company’s stock worth $9,734,000 after acquiring an additional 9,019 shares during the period. 91.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on DG. Jefferies Financial Group reduced their target price on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Barclays reduced their price objective on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, January 9th. Wells Fargo & Company lowered their target price on shares of Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 5th. The Goldman Sachs Group lowered their price target 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, JPMorgan Chase & Co. lowered their price objective on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $96.77.

Dollar General Price Performance

NYSE DG opened at $74.15 on Wednesday. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $168.07. The stock’s 50-day moving average is $74.24 and its two-hundred day moving average is $85.33. The firm has a market cap of $16.31 billion, a P/E ratio of 12.22, a price-to-earnings-growth ratio of 2.08 and a beta of 0.43. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15.

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

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $2.36 annualized dividend and a yield of 3.18%. Dollar General’s payout ratio is 38.88%.

Insider Buying and Selling at Dollar General

In other news, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the transaction, the director now owns 120,322 shares in the company, valued at approximately $9,056,636.94. The trade was a 4.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Emily C. Taylor sold 4,740 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $77.44, for a total transaction of $367,065.60. Following the completion of the sale, the executive vice president now owns 15,575 shares of the company’s stock, valued at approximately $1,206,128. The trade was a 23.33 % decrease in their position. 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.