Tidal Investments LLC Boosts Stock Position in Dollar General Co. (NYSE:DG)

Tidal Investments LLC boosted its holdings in shares of Dollar General Co. (NYSE:DG) by 25.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,315 shares of the company’s stock after purchasing an additional 3,504 shares during the quarter. Tidal Investments LLC’s holdings in Dollar General were worth $1,464,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. boosted its position in Dollar General by 85.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 58,107 shares of the company’s stock valued at $7,683,000 after purchasing an additional 26,813 shares during the period. 1834 Investment Advisors Co. acquired a new position in Dollar General during the 3rd quarter valued at approximately $5,650,000. Lecap Asset Management Ltd. boosted its position in Dollar General by 231.6% during the 3rd quarter. Lecap Asset Management Ltd. now owns 37,462 shares of the company’s stock valued at $3,168,000 after purchasing an additional 26,165 shares during the period. Victory Capital Management Inc. boosted its position in Dollar General by 62.9% during the 3rd quarter. Victory Capital Management Inc. now owns 166,574 shares of the company’s stock valued at $14,087,000 after purchasing an additional 64,336 shares during the period. Finally, Kiltearn Partners LLP acquired a new position in Dollar General during the 2nd quarter valued at approximately $9,587,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DG. Citigroup lowered Dollar General from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $91.00 to $73.00 in a research report on Friday, September 27th. UBS Group reduced their price target on Dollar General from $155.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Oppenheimer reiterated a “market perform” rating on shares of Dollar General in a research report on Monday, August 26th. The Goldman Sachs Group reduced their price target on Dollar General from $122.00 to $104.00 and set a “buy” rating for the company in a research report on Friday, December 6th. Finally, Jefferies Financial Group reduced their price target on Dollar General from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, November 15th. 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 assigned a strong buy rating to the stock. According to MarketBeat, Dollar General has a consensus rating of “Hold” and an average target price of $98.27.

Insider Transactions at Dollar General

In other news, EVP Emily C. Taylor sold 4,740 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $77.44, for a total transaction of $367,065.60. Following the completion of the sale, the executive vice president now owns 15,575 shares in the company, valued at approximately $1,206,128. This represents a 23.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is currently owned by corporate insiders.

Dollar General Trading Up 1.0 %

Shares of Dollar General stock opened at $76.03 on Wednesday. The business has a fifty day simple moving average of $78.82 and a 200-day simple moving average of $100.33. The firm has a market cap of $16.72 billion, a price-to-earnings ratio of 12.52, 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 fifty-two week low of $72.12 and a fifty-two week high of $168.07.

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

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, January 7th. This represents a $2.36 annualized dividend and a dividend yield of 3.10%. Dollar General’s dividend payout ratio (DPR) is presently 38.88%.

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.