Dollar General Corp. (DG) Stake Lowered by Rhumbline Advisers

Rhumbline Advisers lowered its position in shares of Dollar General Corp. (NYSE:DG) by 3.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 469,772 shares of the company’s stock after selling 16,627 shares during the period. Rhumbline Advisers owned 0.18% of Dollar General worth $56,044,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Parallel Advisors LLC raised its position in Dollar General by 12.9% during the 1st quarter. Parallel Advisors LLC now owns 1,446 shares of the company’s stock worth $173,000 after purchasing an additional 165 shares during the last quarter. Moors & Cabot Inc. bought a new position in shares of Dollar General in the 1st quarter worth about $310,000. Harwood Advisory Group LLC bought a new position in shares of Dollar General in the 1st quarter worth about $2,499,000. Tocqueville Asset Management L.P. raised its position in shares of Dollar General by 1.3% in the 1st quarter. Tocqueville Asset Management L.P. now owns 49,440 shares of the company’s stock worth $5,898,000 after acquiring an additional 645 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Dollar General by 16.6% in the 1st quarter. Janus Henderson Group PLC now owns 2,903,504 shares of the company’s stock valued at $346,389,000 after buying an additional 414,388 shares during the period. Institutional investors own 94.87% of the company’s stock.

In related news, EVP Robert D. Ravener sold 38,659 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $119.84, for a total value of $4,632,894.56. Following the completion of the transaction, the executive vice president now directly owns 39,739 shares in the company, valued at $4,762,321.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Robert D. Ravener sold 8,973 shares of the company’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $123.82, for a total transaction of $1,111,036.86. Following the completion of the transaction, the executive vice president now owns 17,794 shares of the company’s stock, valued at $2,203,253.08. The disclosure for this sale can be found here. Insiders have sold a total of 143,255 shares of company stock valued at $17,037,351 over the last 90 days. Company insiders own 0.55% of the company’s stock.

Several analysts have recently commented on DG shares. Bank of America set a $133.00 target price on Dollar General and gave the company a “buy” rating in a research note on Wednesday, April 10th. Zacks Investment Research downgraded Dollar General from a “hold” rating to a “sell” rating in a research note on Tuesday, March 19th. Citigroup lifted their price target on Dollar General from $120.00 to $144.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. BMO Capital Markets lifted their price target on Dollar General from $126.00 to $133.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. Finally, Barclays upgraded Dollar General from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $102.00 to $125.00 in a research note on Monday, March 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $123.35.

DG stock traded down $1.45 during midday trading on Wednesday, reaching $118.51. 2,959,776 shares of the company’s stock traded hands, compared to its average volume of 1,551,266. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.55 and a quick ratio of 0.19. Dollar General Corp. has a 52 week low of $86.87 and a 52 week high of $126.84. The stock has a market capitalization of $30.85 billion, a price-to-earnings ratio of 19.85, a PEG ratio of 1.58 and a beta of 0.72.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, March 14th. The company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.05). Dollar General had a net margin of 6.20% and a return on equity of 25.04%. The business had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $6.61 billion. During the same period in the previous year, the firm earned $1.48 EPS. The company’s revenue was up 8.5% compared to the same quarter last year. Equities research analysts anticipate that Dollar General Corp. will post 6.42 EPS for the current year.

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Dollar General Company Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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