Oppenheimer Asset Management Inc. Increases Stock Holdings in Dollar General Co. (NYSE:DG)

Oppenheimer Asset Management Inc. grew its holdings in shares of Dollar General Co. (NYSE:DG) by 7.9% during the third quarter, Holdings Channel reports. The firm owned 62,696 shares of the company’s stock after purchasing an additional 4,589 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Dollar General were worth $5,302,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Capital International Investors grew its stake in Dollar General by 11.3% during the 1st quarter. Capital International Investors now owns 20,790,023 shares of the company’s stock worth $3,244,491,000 after purchasing an additional 2,113,485 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Dollar General by 11.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,217,480 shares of the company’s stock valued at $3,155,141,000 after buying an additional 2,031,593 shares during the period. Point72 Asset Management L.P. grew its position in shares of Dollar General by 148.6% during the second quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company’s stock worth $169,257,000 after buying an additional 765,206 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Dollar General by 319.6% during the second quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company’s stock worth $122,324,000 after buying an additional 704,639 shares during the period. Finally, Interval Partners LP acquired a new stake in Dollar General in the first quarter valued at approximately $87,081,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analyst Ratings Changes

DG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. The Goldman Sachs Group cut their price target on Dollar General from $169.00 to $122.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar General in a research report on Monday, August 26th. Telsey Advisory Group lowered Dollar General from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $168.00 to $103.00 in a research report on Friday, August 30th. Finally, Wells Fargo & Company dropped their price target on shares of Dollar General from $145.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 27th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $107.05.

Dollar General Trading Up 0.4 %

Shares of DG stock opened at $77.06 on Friday. The company has a market capitalization of $16.95 billion, a P/E ratio of 11.97, a price-to-earnings-growth ratio of 2.20 and a beta of 0.45. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. The business’s 50 day moving average is $82.05 and its two-hundred day moving average is $111.07. Dollar General Co. has a twelve month low of $73.51 and a twelve month high of $168.07.

Dollar General (NYSE:DG) last posted its quarterly earnings data 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). The firm had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business earned $2.13 earnings per share. Equities analysts forecast 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. Investors of record on Tuesday, October 8th were given a $0.59 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $2.36 dividend on an annualized basis and a yield of 3.06%. Dollar General’s payout ratio is currently 36.65%.

Insider Buying and Selling at Dollar General

In related news, EVP Steven R. Deckard sold 2,010 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total value of $174,186.60. Following the completion of the sale, the executive vice president now owns 2,887 shares in the company, valued at $250,187.42. This trade represents a 41.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Warren F. Bryant bought 500 shares of the stock in a transaction on Thursday, September 5th. The shares were bought at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the transaction, the director now directly owns 41,030 shares of the company’s stock, valued at $3,298,812. This trade represents a 1.23 % increase in their position. The disclosure for this purchase can be found here. 0.49% of the stock is owned by corporate insiders.

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.