Dollar General Co. (NYSE:DG) Stock Holdings Trimmed by Versor Investments LP

Versor Investments LP lowered its holdings in shares of Dollar General Co. (NYSE:DG) by 66.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,600 shares of the company’s stock after selling 9,071 shares during the period. Versor Investments LP’s holdings in Dollar General were worth $389,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Oppenheimer Asset Management Inc. raised its stake in shares of Dollar General by 85.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 58,107 shares of the company’s stock worth $7,683,000 after buying an additional 26,813 shares in the last quarter. 1834 Investment Advisors Co. acquired a new position in shares of Dollar General in the 3rd quarter worth $5,650,000. Lecap Asset Management Ltd. grew its holdings in shares of Dollar General by 231.6% in the 3rd quarter. Lecap Asset Management Ltd. now owns 37,462 shares of the company’s stock worth $3,168,000 after acquiring an additional 26,165 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Dollar General by 278.1% in the 1st quarter. Cetera Investment Advisers now owns 64,628 shares of the company’s stock worth $10,086,000 after acquiring an additional 47,534 shares during the last quarter. Finally, Kiltearn Partners LLP acquired a new position in shares of Dollar General in the 2nd quarter worth $9,587,000. Institutional investors own 91.77% of the company’s stock.

Insider Buying and Selling

In related news, EVP Roderick J. West sold 2,510 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction 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 approximately $762,819.75. The trade was a 21.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Warren F. Bryant acquired 500 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average cost of $80.40 per share, with a total value of $40,200.00. Following the transaction, the director now directly owns 41,030 shares in the company, valued at $3,298,812. The trade was a 1.23 % increase in their position. The disclosure for this purchase can be found here. 0.49% of the stock is owned by insiders.

Dollar General Price Performance

Shares of NYSE:DG opened at $77.06 on Friday. Dollar General Co. has a fifty-two week low of $73.51 and a fifty-two week high of $168.07. The business has a 50-day moving average of $82.05 and a two-hundred day moving average of $111.07. The stock has a market capitalization of $16.95 billion, a P/E ratio of 11.97, a P/E/G ratio of 2.20 and a beta of 0.45. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24.

Dollar General (NYSE:DG) last announced its quarterly earnings results 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). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The company had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.37 billion. During the same period in the prior year, the firm earned $2.13 EPS. Dollar General’s quarterly revenue was up 4.2% on a year-over-year basis. On average, equities research analysts predict that Dollar General Co. will post 5.86 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $2.36 annualized dividend and a dividend yield of 3.06%. Dollar General’s dividend payout ratio is presently 36.65%.

Analysts Set New Price Targets

DG has been the topic of a number of recent research reports. Wells Fargo & Company decreased their target price on Dollar General from $145.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 27th. Bank of America decreased their target price on Dollar General from $118.00 to $95.00 and set an “underperform” rating on the stock in a report on Friday, August 30th. Telsey Advisory Group downgraded Dollar General from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $168.00 to $103.00 in a report on Friday, August 30th. Gordon Haskett upgraded Dollar General from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Finally, Daiwa America downgraded Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $107.05.

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.