Everhart Financial Group Inc. Makes New $324,000 Investment in Dollar General Co. (NYSE:DG)

Everhart Financial Group Inc. bought a new position in shares of Dollar General Co. (NYSE:DG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,274 shares of the company’s stock, valued at approximately $324,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DG. Wilmington Savings Fund Society FSB acquired a new position in shares of Dollar General during the third quarter worth $33,000. Bogart Wealth LLC increased its holdings in shares of Dollar General by 279.8% during the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock worth $37,000 after buying an additional 361 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of Dollar General during the fourth quarter worth $39,000. Kentucky Trust Co acquired a new position in shares of Dollar General during the fourth quarter worth $48,000. Finally, Studio Investment Management LLC increased its holdings in shares of Dollar General by 200.4% during the third quarter. Studio Investment Management LLC now owns 850 shares of the company’s stock worth $72,000 after buying an additional 567 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Dollar General

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the completion of the transaction, the director now owns 120,322 shares in the company, valued at approximately $9,056,636.94. The trade was a 4.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Emily C. Taylor sold 4,740 shares of Dollar General stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the transaction, the executive vice president now owns 15,575 shares of the company’s stock, valued at $1,206,128. This trade represents a 23.33 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on DG shares. JPMorgan Chase & Co. lowered their price target on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Jefferies Financial Group lowered their price target on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating for the company in a report on Friday, November 15th. Bernstein Bank decreased their price objective on Dollar General from $98.00 to $94.00 in a report on Friday, November 15th. BMO Capital Markets increased their price objective on Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Finally, Morgan Stanley decreased their price objective on Dollar General from $100.00 to $80.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $96.77.

Dollar General Stock Performance

Shares of DG opened at $72.57 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The stock has a 50-day moving average of $73.71 and a 200-day moving average of $84.30. The company has a market cap of $15.96 billion, a PE ratio of 11.96, a P/E/G ratio of 2.08 and a beta of 0.43. Dollar General Co. has a one year low of $66.43 and a one year high of $168.07.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.08). The firm had revenue of $10.18 billion during the quarter, compared to analyst estimates of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.26 earnings per share. On average, equities research analysts predict that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a yield of 3.25%. Dollar General’s dividend payout ratio (DPR) is currently 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.