Cravens & Co Advisors LLC Sells 447 Shares of Dollar General Co. (NYSE:DG)

Cravens & Co Advisors LLC lowered its stake in shares of Dollar General Co. (NYSE:DG) by 6.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,259 shares of the company’s stock after selling 447 shares during the quarter. Cravens & Co Advisors LLC’s holdings in Dollar General were worth $529,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DG. Bank & Trust Co bought a new position in Dollar General in the 2nd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Dollar General during the 2nd quarter worth about $33,000. Studio Investment Management LLC lifted its position in Dollar General by 117.7% during the 2nd quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock valued at $37,000 after purchasing an additional 153 shares during the period. Pathway Financial Advisers LLC bought a new position in shares of Dollar General in the 1st quarter valued at about $45,000. Finally, TruNorth Capital Management LLC acquired a new stake in shares of Dollar General during the 2nd quarter worth approximately $39,000. 91.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Bernstein Bank reduced their price objective on shares of Dollar General from $98.00 to $94.00 in a research note on Friday, November 15th. Morgan Stanley cut Dollar General from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $170.00 to $100.00 in a research note on Friday, August 30th. Loop Capital cut their target price on Dollar General from $130.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Wells Fargo & Company decreased their target price on Dollar General from $145.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 27th. Finally, BMO Capital Markets cut their price target on shares of Dollar General from $90.00 to $80.00 and set a “market perform” rating on the stock in a research report on Monday, November 18th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Dollar General has an average rating of “Hold” and an average target price of $104.00.

Dollar General Stock Down 2.5 %

DG stock opened at $74.67 on Wednesday. The company has a market cap of $16.42 billion, a price-to-earnings ratio of 11.59, a P/E/G ratio of 2.24 and a beta of 0.45. Dollar General Co. has a twelve month low of $72.12 and a twelve month high of $168.07. The business has a 50 day moving average price of $80.75 and a two-hundred day moving average price of $106.87. 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 (NYSE:DG) last posted its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.09). The firm had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company posted $2.13 earnings per share. Analysts anticipate that Dollar General Co. will post 5.85 EPS for the current fiscal year.

Insider Buying and Selling at Dollar General

In related news, Director Warren F. Bryant acquired 500 shares of the stock in a transaction on Thursday, September 5th. The shares were purchased at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the purchase, the director now directly owns 41,030 shares in the company, valued at approximately $3,298,812. The trade was a 1.23 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Roderick J. West sold 2,510 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 9,163 shares of the company’s stock, valued at approximately $762,819.75. This represents a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Dollar General Company 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.