Thompson Siegel & Walmsley LLC Grows Stake in Dollar General Co. (NYSE:DG)

Thompson Siegel & Walmsley LLC lifted its stake in Dollar General Co. (NYSE:DG) by 146.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 316,043 shares of the company’s stock after purchasing an additional 187,561 shares during the quarter. Thompson Siegel & Walmsley LLC owned about 0.14% of Dollar General worth $26,728,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of DG. Intech Investment Management LLC raised its stake in shares of Dollar General by 32.8% in the third quarter. Intech Investment Management LLC now owns 25,959 shares of the company’s stock valued at $2,195,000 after acquiring an additional 6,414 shares during the period. Cornerstone Advisors LLC boosted its position in shares of Dollar General by 27.4% during the third quarter. Cornerstone Advisors LLC now owns 10,700 shares of the company’s stock valued at $905,000 after buying an additional 2,300 shares during the period. Pzena Investment Management LLC grew its stake in shares of Dollar General by 453.4% during the third quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock valued at $865,903,000 after buying an additional 8,388,735 shares during the last quarter. Moors & Cabot Inc. lifted its stake in shares of Dollar General by 48.5% during the 3rd quarter. Moors & Cabot Inc. now owns 2,924 shares of the company’s stock worth $247,000 after acquiring an additional 955 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board purchased a new position in Dollar General during the 3rd quarter valued at $856,000. Institutional investors own 91.77% of the company’s stock.

Insider Activity at Dollar General

In other Dollar General news, Director Warren F. Bryant acquired 500 shares of the stock in a transaction dated Thursday, September 5th. The stock was acquired at an average cost of $80.40 per share, with a total value of $40,200.00. Following the transaction, the director now owns 41,030 shares in the company, valued at $3,298,812. The trade was a 1.23 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Steven R. Deckard sold 2,010 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total value of $174,186.60. Following the sale, the executive vice president now owns 2,887 shares of the company’s stock, valued at approximately $250,187.42. The trade was a 41.05 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. HSBC decreased their price objective on shares of Dollar General from $100.00 to $88.00 and set a “hold” rating for the company in a report on Friday, November 15th. Citigroup cut shares of 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 research report on Friday, September 27th. JPMorgan Chase & Co. decreased their price objective on Dollar General from $97.00 to $82.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Evercore ISI cut their price objective on shares of Dollar General from $101.00 to $97.00 and set a “hold” rating on the stock in a research report on Friday, November 15th. Finally, Sanford C. Bernstein initiated coverage on Dollar General in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $98.00 target price on the stock. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $104.00.

Dollar General Stock Down 4.2 %

Shares of DG opened at $73.25 on Thursday. The company’s 50-day moving average price is $81.54 and its 200 day moving average price is $108.89. Dollar General Co. has a 12-month low of $72.12 and a 12-month high of $168.07. 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 firm has a market cap of $16.11 billion, a P/E ratio of 11.37, a price-to-earnings-growth ratio of 2.24 and a beta of 0.45.

Dollar General (NYSE:DG) last issued 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). Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The firm 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 firm posted $2.13 earnings per share. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, sell-side analysts forecast that Dollar General Co. will post 5.85 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.22%. Dollar General’s payout ratio is 36.65%.

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.