Stevens Capital Management LP Cuts Holdings in Dollar General Co. (NYSE:DG)

Stevens Capital Management LP lowered its stake in shares of Dollar General Co. (NYSE:DG) by 63.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,925 shares of the company’s stock after selling 8,698 shares during the period. Stevens Capital Management LP’s holdings in Dollar General were worth $670,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lindbrook Capital LLC increased its holdings in shares of Dollar General by 12.3% in the 3rd quarter. Lindbrook Capital LLC now owns 785 shares of the company’s stock valued at $83,000 after purchasing an additional 86 shares in the last quarter. ORG Partners LLC increased its stake in shares of Dollar General by 13.2% in the fourth quarter. ORG Partners LLC now owns 754 shares of the company’s stock worth $103,000 after buying an additional 88 shares during the last quarter. Horrell Capital Management Inc. increased its stake in Dollar General by 0.3% during the fourth quarter. Horrell Capital Management Inc. now owns 29,224 shares of the company’s stock valued at $3,973,000 after purchasing an additional 94 shares during the last quarter. MV Capital Management Inc. boosted its holdings in shares of Dollar General by 78.0% during the fourth quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock valued at $30,000 after acquiring an additional 96 shares during the period. Finally, Resonant Capital Advisors LLC lifted its holdings in Dollar General by 0.7% in the third quarter. Resonant Capital Advisors LLC now owns 13,796 shares of the company’s stock worth $1,460,000 after purchasing an additional 98 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DG has been the subject of several research reports. Barclays raised Dollar General from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $124.00 to $154.00 in a research report on Thursday, January 4th. Argus boosted their price target on Dollar General from $160.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, March 28th. JPMorgan Chase & Co. increased their price objective on shares of Dollar General from $158.00 to $161.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. Morgan Stanley increased their price target on shares of Dollar General from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Finally, The Goldman Sachs Group increased their target price on shares of Dollar General from $147.00 to $169.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Fifteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Dollar General currently has an average rating of “Hold” and a consensus price target of $153.08.

Insider Buying and Selling

In related news, Director Ralph Santana sold 3,009 shares of the business’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following the transaction, the director now owns 3,248 shares of the company’s stock, valued at $505,778.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Dollar General news, Director Ralph Santana sold 3,009 shares of the business’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following the sale, the director now directly owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Carman R. Wenkoff sold 5,909 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total transaction of $958,617.07. Following the transaction, the executive vice president now owns 28,579 shares in the company, valued at approximately $4,636,371.17. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Dollar General Stock Performance

Shares of DG stock traded down $0.57 during mid-day trading on Thursday, hitting $142.59. The stock had a trading volume of 1,387,946 shares, compared to its average volume of 2,326,615. Dollar General Co. has a fifty-two week low of $101.09 and a fifty-two week high of $222.99. The firm has a market cap of $31.32 billion, a PE ratio of 18.94, a PEG ratio of 2.55 and a beta of 0.42. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.19 and a quick ratio of 0.15. The company’s 50-day simple moving average is $150.21 and its 200-day simple moving average is $135.13.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, March 14th. The company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.09. The business had revenue of $9.86 billion for the quarter, compared to analyst estimates of $9.77 billion. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The business’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.96 EPS. Sell-side analysts anticipate that Dollar General Co. will post 7.28 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Monday, April 8th. Dollar General’s dividend payout ratio is presently 31.22%.

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.