NorthCrest Asset Manangement LLC Sells 1,598 Shares of Dollar General Co. (NYSE:DG)

NorthCrest Asset Manangement LLC reduced its stake in Dollar General Co. (NYSE:DG) by 4.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,669 shares of the company’s stock after selling 1,598 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Dollar General were worth $3,270,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in DG. Fidelis Capital Partners LLC lifted its position in shares of Dollar General by 3.3% during the 1st quarter. Fidelis Capital Partners LLC now owns 2,425 shares of the company’s stock valued at $378,000 after acquiring an additional 77 shares during the period. Industrial Alliance Investment Management Inc. raised its stake in Dollar General by 3.5% in the first quarter. Industrial Alliance Investment Management Inc. now owns 2,390 shares of the company’s stock valued at $373,000 after purchasing an additional 80 shares in the last quarter. Pullen Investment Management LLC lifted its position in Dollar General by 4.3% during the second quarter. Pullen Investment Management LLC now owns 2,105 shares of the company’s stock worth $278,000 after purchasing an additional 87 shares during the period. Pathway Financial Advisers LLC increased its holdings in Dollar General by 30.6% in the 2nd quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock valued at $50,000 after buying an additional 88 shares during the period. Finally, Capital Advisors Ltd. LLC raised its position in shares of Dollar General by 10.9% in the 1st quarter. Capital Advisors Ltd. LLC now owns 994 shares of the company’s stock valued at $155,000 after buying an additional 98 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DG. Raymond James reduced their price target on shares of Dollar General from $150.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Telsey Advisory Group downgraded Dollar General from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $168.00 to $103.00 in a report on Friday, August 30th. Citigroup cut Dollar General from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $91.00 to $73.00 in a report on Friday, September 27th. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar General in a research note on Monday, August 26th. Finally, BMO Capital Markets lowered their target price on Dollar General from $130.00 to $90.00 and set a “market perform” rating for the company in a research note on Friday, August 30th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and an average price target of $107.84.

Dollar General Stock Performance

NYSE DG opened at $80.38 on Friday. The company has a market capitalization of $17.68 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 2.42 and a beta of 0.44. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. Dollar General Co. has a twelve month low of $77.96 and a twelve month high of $168.07. The stock has a fifty day simple moving average of $89.58 and a 200 day simple moving average of $117.15.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). Dollar General had a net margin of 3.57% and a return on equity of 20.62%. 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 previous year, the company posted $2.13 EPS. The company’s quarterly revenue was up 4.2% on a year-over-year basis. Sell-side analysts expect that Dollar General Co. will post 5.86 EPS for the current year.

Dollar General Announces Dividend

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

Insider Transactions at Dollar General

In other Dollar General news, EVP Roderick J. West sold 2,510 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total transaction of $208,957.50. Following the sale, the executive vice president now owns 9,163 shares of the company’s stock, valued at approximately $762,819.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Dollar General news, EVP Roderick J. West sold 2,510 shares of Dollar General stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total value of $208,957.50. Following the completion of the sale, the executive vice president now directly owns 9,163 shares in the company, valued at approximately $762,819.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Warren F. Bryant purchased 500 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were acquired at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the acquisition, the director now directly owns 41,030 shares in the company, valued at approximately $3,298,812. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.49% of the stock is currently owned by corporate insiders.

About Dollar General

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.