Waycross Partners LLC Invests $1.63 Million in Dollar General Co. (NYSE:DG)

Waycross Partners LLC acquired a new position in shares of Dollar General Co. (NYSE:DG) during the 4th quarter, Holdings Channel reports. The fund acquired 12,000 shares of the company’s stock, valued at approximately $1,631,000.

Several other hedge funds have also modified their holdings of DG. Comerica Bank purchased a new stake in Dollar General during the 3rd quarter valued at $12,047,000. Prime Capital Investment Advisors LLC raised its holdings in Dollar General by 294.5% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 18,924 shares of the company’s stock valued at $2,573,000 after buying an additional 14,127 shares during the period. International Assets Investment Management LLC purchased a new stake in Dollar General during the 4th quarter valued at $18,861,000. Professional Advisory Services Inc. raised its holdings in Dollar General by 12.6% during the 4th quarter. Professional Advisory Services Inc. now owns 150,960 shares of the company’s stock valued at $20,523,000 after buying an additional 16,899 shares during the period. Finally, Live Oak Private Wealth LLC purchased a new stake in Dollar General during the 3rd quarter valued at $1,374,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dollar General

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on DG shares. JPMorgan Chase & Co. increased their price target on Dollar General from $158.00 to $161.00 and gave the company a “neutral” rating in a report on Monday, April 15th. Morgan Stanley upped their price objective on Dollar General from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. The Goldman Sachs Group upped their price objective on Dollar General from $147.00 to $169.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Evercore ISI cut their price objective on Dollar General from $162.00 to $160.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 2nd. Finally, Raymond James upped their price objective on Dollar General from $150.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Fifteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $153.08.

Dollar General Stock Down 1.4 %

Shares of NYSE DG traded down $1.96 during mid-day trading on Tuesday, reaching $139.19. 1,752,834 shares of the company were exchanged, compared to its average volume of 2,308,956. The company has a quick ratio of 0.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.92. The stock has a market cap of $30.58 billion, a price-to-earnings ratio of 18.41, a P/E/G ratio of 2.54 and a beta of 0.42. Dollar General Co. has a 1 year low of $101.09 and a 1 year high of $221.50. The firm has a 50-day moving average of $150.30 and a 200 day moving average of $136.37.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, March 14th. The company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.09. The firm had revenue of $9.86 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.96 EPS. On average, research analysts expect that Dollar General Co. will post 7.28 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Monday, April 8th. Dollar General’s dividend payout ratio (DPR) 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.