Bogart Wealth LLC Buys 361 Shares of Dollar General Co. (NYSE:DG)

Bogart Wealth LLC boosted its stake in Dollar General Co. (NYSE:DG) by 279.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 490 shares of the company’s stock after acquiring an additional 361 shares during the quarter. Bogart Wealth LLC’s holdings in Dollar General were worth $37,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in DG. Wilmington Savings Fund Society FSB bought a new stake in Dollar General in the 3rd quarter valued at $33,000. Newbridge Financial Services Group Inc. bought a new stake in Dollar General during the 4th quarter worth about $39,000. Kentucky Trust Co bought a new stake in Dollar General during the 4th quarter worth about $48,000. Studio Investment Management LLC lifted its position in Dollar General by 200.4% during the 3rd quarter. Studio Investment Management LLC now owns 850 shares of the company’s stock worth $72,000 after buying an additional 567 shares in the last quarter. Finally, Bruce G. Allen Investments LLC lifted its position in Dollar General by 20.3% during the 4th quarter. Bruce G. Allen Investments LLC now owns 953 shares of the company’s stock worth $72,000 after buying an additional 161 shares in the last quarter. 91.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on DG. Telsey Advisory Group cut their price target on shares of Dollar General from $103.00 to $90.00 and set a “market perform” rating on the stock in a research report on Monday, December 2nd. JPMorgan Chase & Co. cut their price target on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Evercore ISI cut their price target on shares of Dollar General from $97.00 to $95.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 3rd. The Goldman Sachs Group lowered their price objective on shares of Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Finally, HSBC lowered their price objective on shares of Dollar General from $100.00 to $88.00 and set a “hold” rating on the stock in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $96.77.

Dollar General Stock Performance

Shares of NYSE:DG opened at $72.57 on Friday. The company’s 50 day moving average price is $73.71 and its two-hundred day moving average price is $84.55. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $168.07. The firm has a market cap of $15.96 billion, a PE ratio of 11.96, a PEG ratio of 2.08 and a beta of 0.43. 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 announced its earnings results 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). Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The business had revenue of $10.18 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the company earned $1.26 EPS. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. Equities research analysts predict that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The firm also recently announced 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 was Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.25%. Dollar General’s payout ratio is presently 38.88%.

Insider Transactions at Dollar General

In other news, 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 transaction of $451,620.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Emily C. Taylor sold 4,740 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $77.44, for a total transaction of $367,065.60. Following the completion of the transaction, the executive vice president now directly owns 15,575 shares of the company’s stock, valued at approximately $1,206,128. The trade was a 23.33 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

Dollar General Company 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.