Pine Valley Investments Ltd Liability Co Has $3.28 Million Holdings in Dollar General Co. (NYSE:DG)

Pine Valley Investments Ltd Liability Co boosted its stake in Dollar General Co. (NYSE:DG) by 12.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,818 shares of the company’s stock after purchasing an additional 2,760 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Dollar General were worth $3,282,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Dollar General by 15.5% in the fourth quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock worth $3,408,514,000 after acquiring an additional 3,360,413 shares during the period. Capital International Investors increased its position in shares of Dollar General by 11.3% during the first quarter. Capital International Investors now owns 20,790,023 shares of the company’s stock worth $3,244,491,000 after buying an additional 2,113,485 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Dollar General by 11.2% during the first 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 acquiring an additional 2,031,593 shares during the last quarter. Capital World Investors grew its holdings in Dollar General by 1.0% during the 4th quarter. Capital World Investors now owns 13,068,256 shares of the company’s stock worth $1,776,629,000 after acquiring an additional 133,591 shares during the period. Finally, Norges Bank bought a new position in shares of Dollar General in the 4th quarter worth about $337,150,000. 91.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DG has been the subject of several research reports. UBS Group reduced their target price on Dollar General from $155.00 to $108.00 and set a “buy” rating for the company in a research note on Friday. Morgan Stanley lowered shares of Dollar General from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $170.00 to $100.00 in a research note on Friday. Telsey Advisory Group cut shares of Dollar General from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $168.00 to $103.00 in a research report on Friday. Raymond James decreased their price objective on shares of Dollar General from $150.00 to $120.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Wells Fargo & Company cut their target price on Dollar General from $145.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $118.48.

Dollar General Price Performance

Shares of DG traded down $1.06 during mid-day trading on Friday, reaching $82.97. 21,069,424 shares of the stock traded hands, compared to its average volume of 2,744,777. The company has a market cap of $18.24 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 2.36 and a beta of 0.43. Dollar General Co. has a 1 year low of $82.68 and a 1 year high of $168.07. The firm has a fifty day moving average price of $122.17 and a 200 day moving average price of $136.05. The company has a current ratio of 1.22, a quick ratio of 0.18 and a debt-to-equity ratio of 0.89.

Dollar General (NYSE:DG) last announced its earnings results 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 business had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.37 billion. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. Dollar General’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.13 earnings per share. As a group, equities research analysts predict that Dollar General Co. will post 7.21 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, October 8th. This represents a $2.36 annualized dividend and a yield of 2.84%. Dollar General’s payout ratio is presently 34.35%.

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.