Dollar General Co. (NYSE:DG) Stake Increased by Anchor Investment Management LLC

Anchor Investment Management LLC grew its holdings in Dollar General Co. (NYSE:DG) by 8.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,414 shares of the company’s stock after purchasing an additional 1,333 shares during the period. Anchor Investment Management LLC’s holdings in Dollar General were worth $1,473,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. ORG Partners LLC raised its holdings in shares of Dollar General by 8,300.0% during the second quarter. ORG Partners LLC now owns 756 shares of the company’s stock worth $99,000 after acquiring an additional 747 shares in the last quarter. Swedbank AB raised its holdings in shares of Dollar General by 21.4% during the second quarter. Swedbank AB now owns 101,424 shares of the company’s stock worth $13,411,000 after acquiring an additional 17,849 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Dollar General by 38.4% during the second quarter. Blue Trust Inc. now owns 790 shares of the company’s stock worth $104,000 after acquiring an additional 219 shares in the last quarter. TCW Group Inc. raised its holdings in shares of Dollar General by 15.4% during the second quarter. TCW Group Inc. now owns 12,437 shares of the company’s stock worth $1,645,000 after acquiring an additional 1,661 shares in the last quarter. Finally, Boomfish Wealth Group LLC increased its position in Dollar General by 30.0% during the second quarter. Boomfish Wealth Group LLC now owns 6,693 shares of the company’s stock worth $885,000 after buying an additional 1,545 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Stock Down 1.8 %

DG stock opened at $78.42 on Friday. The company has a market cap of $17.25 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 2.37 and a beta of 0.44. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a twelve month low of $72.12 and a twelve month high of $168.07. The business’s 50-day simple moving average is $79.36 and its 200 day simple moving average is $102.32.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The business had revenue of $10.18 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the prior year, the business earned $1.26 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, research analysts anticipate that Dollar General Co. will post 5.77 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend is Tuesday, January 7th. Dollar General’s dividend payout ratio (DPR) is currently 38.88%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Melius Research assumed coverage on shares of Dollar General in a research report on Monday, September 23rd. They set a “hold” rating and a $85.00 target price on the stock. The Goldman Sachs Group lowered their target price on shares of Dollar General from $122.00 to $104.00 and set a “buy” rating on the stock in a research report on Friday, December 6th. Citigroup downgraded shares of Dollar General from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $91.00 to $73.00 in a research report on Friday, September 27th. Raymond James lowered their target price 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. Finally, Barclays lowered their price target on Dollar General from $154.00 to $102.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $98.27.

Insider Activity

In related news, EVP Steven R. Deckard sold 2,010 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, 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 SEC, which is available at the SEC website. 0.49% of the stock is currently 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.