Dollar General Co. (NYSE:DG) Shares Acquired by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC boosted its holdings in Dollar General Co. (NYSE:DG) by 45.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 644,140 shares of the company’s stock after acquiring an additional 201,692 shares during the quarter. Dollar General accounts for 1.0% of Clarkston Capital Partners LLC’s portfolio, making the stock its 25th largest position. Clarkston Capital Partners LLC’s holdings in Dollar General were worth $54,475,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Bank & Trust Co bought a new position in shares of Dollar General in the second quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Dollar General during the 2nd quarter valued at $33,000. Studio Investment Management LLC increased its position in shares of Dollar General by 117.7% during the 2nd quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock valued at $37,000 after purchasing an additional 153 shares during the period. Strategic Financial Concepts LLC bought a new stake in shares of Dollar General in the 2nd quarter worth $37,000. Finally, TruNorth Capital Management LLC bought a new stake in shares of Dollar General in the 2nd quarter worth $39,000. Institutional investors own 91.77% of the company’s stock.

Insider Buying and Selling

In related news, EVP Roderick J. West sold 2,510 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total value of $208,957.50. Following the completion of the sale, the executive vice president now directly owns 9,163 shares in the company, valued at approximately $762,819.75. This represents a 21.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Steven R. Deckard sold 2,010 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total value of $174,186.60. Following the transaction, the executive vice president now owns 2,887 shares in the company, valued at approximately $250,187.42. This trade represents a 41.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Dollar General Stock Down 1.5 %

Dollar General stock opened at $75.88 on Monday. The firm’s 50 day moving average price is $81.85 and its two-hundred day moving average price is $109.99. The firm has a market cap of $16.69 billion, a PE ratio of 11.78, a P/E/G ratio of 2.22 and a beta of 0.45. Dollar General Co. has a twelve month low of $73.51 and a twelve month high of $168.07. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22.

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

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $2.36 annualized dividend and a dividend yield of 3.11%. Dollar General’s payout ratio is 36.65%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wells Fargo & Company lowered their target price on Dollar General from $145.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 27th. Daiwa America cut shares of Dollar General from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Jefferies Financial Group dropped their target price on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Friday. HSBC reduced their target price on shares of Dollar General from $100.00 to $88.00 and set a “hold” rating for the company in a report on Friday. Finally, Telsey Advisory Group cut 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 report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and a consensus target price of $104.45.

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.