Dollar General Co. (NYSE:DG) Holdings Cut by Bridgewater Associates LP

Bridgewater Associates LP cut its stake in shares of Dollar General Co. (NYSE:DG) by 47.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 231,645 shares of the company’s stock after selling 209,230 shares during the quarter. Bridgewater Associates LP’s holdings in Dollar General were worth $19,590,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. B. Riley Wealth Advisors Inc. grew its position in Dollar General by 18.1% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 8,580 shares of the company’s stock worth $1,339,000 after purchasing an additional 1,317 shares during the last quarter. Tidal Investments LLC grew its holdings in Dollar General by 6.1% in the 1st quarter. Tidal Investments LLC now owns 10,878 shares of the company’s stock worth $1,690,000 after buying an additional 624 shares in the last quarter. Comerica Bank increased its position in Dollar General by 3.9% in the 1st quarter. Comerica Bank now owns 126,988 shares of the company’s stock valued at $19,818,000 after acquiring an additional 4,781 shares during the period. Jaffetilchin Investment Partners LLC bought a new stake in Dollar General during the 1st quarter valued at $305,000. Finally, Plato Investment Management Ltd bought a new stake in Dollar General during the 1st quarter valued at $283,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Price Performance

DG stock opened at $76.24 on Thursday. Dollar General Co. has a one year low of $72.12 and a one year high of $168.07. The firm has a 50-day moving average of $80.54 and a two-hundred day moving average of $106.65. The firm has a market capitalization of $16.77 billion, a PE ratio of 11.84, a P/E/G ratio of 2.24 and a beta of 0.45. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). The firm had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.13 EPS. On average, analysts forecast that Dollar General Co. will post 5.85 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on DG shares. HSBC lowered their price target on Dollar General from $100.00 to $88.00 and set a “hold” rating on the stock in a report on Friday, November 15th. Citigroup cut shares of Dollar General from a “neutral” rating to a “sell” rating and lowered their target price for the company from $91.00 to $73.00 in a research note on Friday, September 27th. Barclays reduced their price target on shares of Dollar General from $154.00 to $102.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. Gordon Haskett upgraded shares of Dollar General from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Finally, Bank of America cut their target price on Dollar General from $118.00 to $95.00 and set an “underperform” rating for the company in a research report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $104.00.

Insider Activity

In other Dollar General news, EVP Roderick J. West sold 2,510 shares of the business’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 owns 9,163 shares in the company, valued at $762,819.75. The trade was a 21.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Warren F. Bryant purchased 500 shares of Dollar General stock in a transaction dated Thursday, September 5th. The shares were purchased at an average price of $80.40 per share, with a total value of $40,200.00. Following the completion of the acquisition, the director now owns 41,030 shares in the company, valued at $3,298,812. The trade was a 1.23 % 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.

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.