Brown Brothers Harriman & Co. Sells 3,985 Shares of Dollar General Co. (NYSE:DG)

Brown Brothers Harriman & Co. trimmed its stake in Dollar General Co. (NYSE:DG) by 64.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,208 shares of the company’s stock after selling 3,985 shares during the period. Brown Brothers Harriman & Co.’s holdings in Dollar General were worth $187,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Pullen Investment Management LLC grew its position in Dollar General by 4.3% in the second quarter. Pullen Investment Management LLC now owns 2,105 shares of the company’s stock valued at $278,000 after acquiring an additional 87 shares during the period. Pathway Financial Advisers LLC grew its holdings in shares of Dollar General by 30.6% during the second quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock worth $50,000 after purchasing an additional 88 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. grew its holdings in shares of Dollar General by 3.8% during the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,835 shares of the company’s stock worth $375,000 after purchasing an additional 103 shares during the last quarter. Wedbush Securities Inc. grew its holdings in shares of Dollar General by 7.3% during the second quarter. Wedbush Securities Inc. now owns 1,661 shares of the company’s stock worth $220,000 after purchasing an additional 113 shares during the last quarter. Finally, Lummis Asset Management LP grew its holdings in shares of Dollar General by 1.2% during the second quarter. Lummis Asset Management LP now owns 9,419 shares of the company’s stock worth $1,245,000 after purchasing an additional 115 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.

Dollar General Trading Up 2.1 %

NYSE DG opened at $76.24 on Thursday. The firm has a market cap of $16.77 billion, a P/E ratio of 11.84, a P/E/G ratio of 2.24 and a beta of 0.45. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24. The stock’s 50-day moving average is $80.54 and its 200-day moving average is $106.65. Dollar General Co. has a one year low of $72.12 and a one year high of $168.07.

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

Wall Street Analysts Forecast Growth

DG has been the topic of several research analyst reports. Daiwa America cut Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Bank of America decreased their target price on Dollar General from $118.00 to $95.00 and set an “underperform” rating on the stock in a report on Friday, August 30th. Oppenheimer reiterated a “market perform” rating on shares of Dollar General in a report on Monday, August 26th. Gordon Haskett upgraded Dollar General from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. decreased their price target on Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $104.00.

Insider Activity at Dollar General

In other Dollar General news, EVP Steven R. Deckard sold 2,010 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total value of $174,186.60. Following the completion of the transaction, the executive vice president now directly owns 2,887 shares in the company, valued at $250,187.42. This trade represents a 41.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Warren F. Bryant purchased 500 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was bought at an average price of $80.40 per share, with a total value of $40,200.00. Following the completion of the purchase, the director now owns 41,030 shares of the company’s stock, valued at approximately $3,298,812. This represents 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 owned by insiders.

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.