Wedge Capital Management L L P NC Has $5.60 Million Stock Position in Dollar General Co. (NYSE:DG)

Wedge Capital Management L L P NC lessened its position in shares of Dollar General Co. (NYSE:DG) by 35.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 73,823 shares of the company’s stock after selling 41,273 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Dollar General were worth $5,597,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of Dollar General during the second quarter worth $46,000. Pathway Financial Advisers LLC boosted its position in Dollar General by 30.6% during the second quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock valued at $50,000 after acquiring an additional 88 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Dollar General during the 3rd quarter worth about $33,000. ORG Wealth Partners LLC acquired a new position in shares of Dollar General in the 3rd quarter valued at about $57,000. Finally, Bruce G. Allen Investments LLC boosted its position in shares of Dollar General by 37.7% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 792 shares of the company’s stock valued at $67,000 after purchasing an additional 217 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Dollar General Stock Performance

DG stock opened at $68.44 on Friday. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The firm has a market cap of $15.05 billion, a PE ratio of 11.28, a P/E/G ratio of 2.12 and a beta of 0.44. The business has a 50 day moving average of $75.53 and a 200-day moving average of $91.85. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $168.07.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). The business had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.26 EPS. As a group, sell-side analysts expect that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 3.45%. The ex-dividend date is Tuesday, January 7th. Dollar General’s dividend payout ratio is 38.88%.

Analysts Set New Price Targets

DG has been the topic of a number of research analyst reports. Evercore ISI cut their price target on Dollar General from $97.00 to $95.00 and set an “in-line” rating on the stock in a report on Tuesday, December 3rd. JPMorgan Chase & Co. reduced 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. Gordon Haskett upgraded shares of Dollar General from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. BMO Capital Markets raised their target price on Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Finally, Melius Research began coverage on Dollar General in a research note on Monday, September 23rd. They set a “hold” rating and a $85.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $98.18.

Insider Buying and Selling at Dollar General

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the sale, the director now directly owns 120,322 shares in the company, valued at $9,056,636.94. The trade was a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Emily C. Taylor sold 4,740 shares of the company’s stock in a transaction on 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 directly owns 15,575 shares in the company, valued at $1,206,128. This represents a 23.33 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

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.