Eagle Rock Investment Company LLC Boosts Stake in Dollar General Co. (NYSE:DG)

Eagle Rock Investment Company LLC increased its position in shares of Dollar General Co. (NYSE:DG) by 16.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,827 shares of the company’s stock after buying an additional 4,048 shares during the quarter. Eagle Rock Investment Company LLC’s holdings in Dollar General were worth $2,186,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in DG. Quarry LP acquired a new position in shares of Dollar General in the 2nd quarter valued at $46,000. Pathway Financial Advisers LLC grew its position in Dollar General by 30.6% during the 2nd quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock worth $50,000 after purchasing an additional 88 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Dollar General in the third quarter valued at $33,000. ORG Wealth Partners LLC purchased a new stake in shares of Dollar General in the third quarter valued at about $57,000. Finally, Bruce G. Allen Investments LLC boosted its stake in shares of Dollar General by 37.7% during the third quarter. Bruce G. Allen Investments LLC now owns 792 shares of the company’s stock worth $67,000 after buying an additional 217 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insider Buying and Selling

In other Dollar General news, EVP Emily C. Taylor sold 4,740 shares of Dollar General stock in a transaction on Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the transaction, the executive vice president now owns 15,575 shares in the company, valued at $1,206,128. This trade represents a 23.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total value of $451,620.00. Following the sale, the director now directly owns 120,322 shares of the company’s stock, valued at approximately $9,056,636.94. This trade represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

Dollar General Price Performance

Dollar General stock opened at $69.35 on Friday. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The firm’s 50-day simple moving average is $75.88 and its 200 day simple moving average is $92.44. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $168.07. The firm has a market capitalization of $15.25 billion, a PE ratio of 11.42, a P/E/G ratio of 2.12 and a beta of 0.44.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business had revenue of $10.18 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period last year, the company earned $1.26 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities research analysts predict that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be given a $0.59 dividend. The ex-dividend date is Tuesday, January 7th. This represents a $2.36 annualized dividend and a dividend yield of 3.40%. Dollar General’s dividend payout ratio is currently 38.88%.

Analyst Ratings Changes

Several equities analysts recently issued reports on DG shares. Citigroup cut Dollar General from a “neutral” rating to a “sell” rating and dropped their price target for the company from $91.00 to $73.00 in a research report on Friday, September 27th. JPMorgan Chase & Co. dropped their target price on Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. The Goldman Sachs Group decreased their price target on Dollar General from $122.00 to $104.00 and set a “buy” rating for the company in a report on Friday, December 6th. Telsey Advisory Group dropped their price objective on shares of Dollar General from $103.00 to $90.00 and set a “market perform” rating on the stock in a research note on Monday, December 2nd. Finally, Evercore ISI reduced their target price on shares of Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a research note on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $98.18.

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.