Stablepoint Partners LLC Buys 907 Shares of Dollar General Co. (NYSE:DG)

Stablepoint Partners LLC boosted its position in Dollar General Co. (NYSE:DG) by 11.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,120 shares of the company’s stock after purchasing an additional 907 shares during the period. Stablepoint Partners LLC’s holdings in Dollar General were worth $691,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of DG. Jamison Private Wealth Management Inc. grew its stake in shares of Dollar General by 71.5% during the 4th quarter. Jamison Private Wealth Management Inc. now owns 2,816 shares of the company’s stock worth $214,000 after acquiring an additional 1,174 shares during the period. Exchange Traded Concepts LLC lifted its holdings in Dollar General by 18.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 2,830 shares of the company’s stock valued at $215,000 after purchasing an additional 447 shares during the last quarter. Impact Partnership Wealth LLC bought a new position in Dollar General during the fourth quarter worth about $631,000. Cornerstone Wealth Management LLC increased its stake in shares of Dollar General by 19.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 5,014 shares of the company’s stock worth $380,000 after purchasing an additional 827 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of Dollar General by 75.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 139,953 shares of the company’s stock valued at $10,611,000 after purchasing an additional 60,189 shares during the period. 91.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of research firms recently weighed in on DG. Sanford C. Bernstein began coverage on shares of Dollar General in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $98.00 price objective for the company. Wells Fargo & Company decreased their price objective on Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 5th. Jefferies Financial Group cut their target price on Dollar General from $110.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, November 15th. The Goldman Sachs Group decreased their price target on Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, BMO Capital Markets boosted their price objective on shares of Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $96.77.

Dollar General Stock Performance

Dollar General stock opened at $71.91 on Monday. The firm has a fifty day simple moving average of $75.00 and a two-hundred day simple moving average of $89.61. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $168.07. The company has a market capitalization of $15.81 billion, a PE ratio of 11.85, a P/E/G ratio of 2.11 and a beta of 0.44. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78.

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

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $2.36 annualized dividend and a yield of 3.28%. Dollar General’s payout ratio is currently 38.88%.

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.