Wedge Capital Management L L P NC Buys 9,019 Shares of Dollar General Co. (NYSE:DG)

Wedge Capital Management L L P NC increased its position in shares of Dollar General Co. (NYSE:DG) by 8.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 115,096 shares of the company’s stock after acquiring an additional 9,019 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Dollar General were worth $9,734,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Bank & Trust Co bought a new stake in shares of Dollar General during the 2nd quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Dollar General in the 2nd quarter valued at approximately $33,000. Studio Investment Management LLC increased its position in Dollar General by 117.7% during the 2nd quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock worth $37,000 after purchasing an additional 153 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in Dollar General in the 2nd quarter valued at approximately $37,000. Finally, Salem Investment Counselors Inc. boosted its position in Dollar General by 104.9% in the first quarter. Salem Investment Counselors Inc. now owns 250 shares of the company’s stock valued at $39,000 after buying an additional 128 shares in the last quarter. 91.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Gordon Haskett cut Dollar General from a “buy” rating to a “hold” rating and set a $90.00 price target for the company. in a research note on Friday, August 30th. Morgan Stanley downgraded Dollar General from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $170.00 to $100.00 in a research report on Friday, August 30th. Citigroup lowered shares of Dollar General from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $91.00 to $73.00 in a report on Friday, September 27th. Telsey Advisory Group cut Dollar General from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $168.00 to $103.00 in a research note on Friday, August 30th. Finally, Argus lowered their target price on shares of Dollar General from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Dollar General currently has a consensus rating of “Hold” and an average price target of $108.11.

Dollar General Trading Down 3.3 %

Shares of DG stock opened at $79.79 on Tuesday. Dollar General Co. has a 1 year low of $77.96 and a 1 year high of $168.07. The company’s fifty day simple moving average is $96.41 and its two-hundred day simple moving average is $121.68. 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 has a market capitalization of $17.55 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 2.42 and a beta of 0.44.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, August 29th. The company reported $1.70 earnings per share (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 company had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.37 billion. During the same period last year, the company posted $2.13 EPS. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, analysts anticipate that Dollar General Co. will post 5.86 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend is Tuesday, October 8th. Dollar General’s dividend payout ratio is presently 34.35%.

Insider Activity

In other Dollar General news, EVP Steven R. Deckard sold 2,010 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total value of $174,186.60. Following the transaction, the executive vice president now directly owns 2,887 shares in the company, valued at $250,187.42. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Dollar General news, EVP Roderick J. West sold 2,510 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the sale, the executive vice president now owns 9,163 shares in the company, valued at $762,819.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Steven R. Deckard sold 2,010 shares of the company’s stock in a transaction dated 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 owns 2,887 shares of the company’s stock, valued at $250,187.42. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

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.