Horrell Capital Management Inc. Decreases Holdings in Dollar General Co. (NYSE:DG)

Horrell Capital Management Inc. lowered its position in shares of Dollar General Co. (NYSE:DG) by 10.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,581 shares of the company’s stock after selling 2,980 shares during the period. Horrell Capital Management Inc.’s holdings in Dollar General were worth $2,248,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in DG. Oppenheimer Asset Management Inc. raised its stake 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 acquiring an additional 26,813 shares during the last quarter. Lecap Asset Management Ltd. raised its stake in shares of Dollar General by 231.6% during the 3rd quarter. Lecap Asset Management Ltd. now owns 37,462 shares of the company’s stock worth $3,168,000 after buying an additional 26,165 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Dollar General by 278.1% during the 1st quarter. Cetera Investment Advisers now owns 64,628 shares of the company’s stock worth $10,086,000 after buying an additional 47,534 shares in the last quarter. Kiltearn Partners LLP acquired a new stake in shares of Dollar General in the 2nd quarter worth approximately $9,587,000. Finally, MBB Public Markets I LLC grew its holdings in shares of Dollar General by 642.0% in the 2nd quarter. MBB Public Markets I LLC now owns 15,923 shares of the company’s stock worth $2,105,000 after acquiring an additional 13,777 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Roderick J. West sold 2,510 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $83.25, for a total value of $208,957.50. Following the transaction, the executive vice president now directly owns 9,163 shares of the company’s stock, valued at $762,819.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Dollar General news, EVP Roderick J. West sold 2,510 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $83.25, for a total value of $208,957.50. Following the transaction, the executive vice president now directly owns 9,163 shares of the company’s stock, valued at $762,819.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Warren F. Bryant acquired 500 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was bought at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the transaction, the director now directly owns 41,030 shares of the company’s stock, valued at $3,298,812. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.49% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on DG shares. Telsey Advisory Group cut Dollar General from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $168.00 to $103.00 in a report on Friday, August 30th. Melius Research started coverage on Dollar General in a report on Monday, September 23rd. They issued a “hold” rating and a $85.00 price target on the stock. BMO Capital Markets lowered their price target on Dollar General from $130.00 to $90.00 and set a “market perform” rating on the stock in a report on Friday, August 30th. Bank of America lowered their price target on Dollar General from $118.00 to $95.00 and set an “underperform” rating on the stock in a report on Friday, August 30th. Finally, UBS Group lowered their target price on Dollar General from $155.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $107.84.

Dollar General Trading Up 0.4 %

Shares of DG traded up $0.36 during trading hours on Tuesday, hitting $81.46. The stock had a trading volume of 1,116,643 shares, compared to its average volume of 3,127,502. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22. The firm has a market cap of $17.91 billion, a P/E ratio of 11.80, a P/E/G ratio of 2.42 and a beta of 0.44. The company’s fifty day simple moving average is $88.76 and its 200 day simple moving average is $116.37. Dollar General Co. has a 12-month low of $77.96 and a 12-month high of $168.07.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). The firm had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business posted $2.13 earnings per share. Equities research analysts forecast that Dollar General Co. will post 5.86 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend was Tuesday, October 8th. Dollar General’s dividend payout ratio (DPR) is presently 34.35%.

About Dollar General

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.