Pathstone Holdings LLC Has $1.57 Million Stake in Dollar General Co. (NYSE:DG)

Pathstone Holdings LLC cut its holdings in shares of Dollar General Co. (NYSE:DG) by 53.0% during the third quarter, Holdings Channel reports. The fund owned 18,573 shares of the company’s stock after selling 20,914 shares during the quarter. Pathstone Holdings LLC’s holdings in Dollar General were worth $1,571,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Point72 Asset Management L.P. grew its position in Dollar General by 148.6% during the second quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company’s stock worth $169,257,000 after buying an additional 765,206 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Dollar General by 319.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company’s stock valued at $122,324,000 after acquiring an additional 704,639 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Dollar General during the 2nd quarter worth $55,986,000. Assenagon Asset Management S.A. increased its position in shares of Dollar General by 2,291.0% in the second quarter. Assenagon Asset Management S.A. now owns 414,698 shares of the company’s stock worth $54,836,000 after purchasing an additional 397,354 shares during the period. Finally, Equity Investment Corp raised its stake in Dollar General by 60.8% in the third quarter. Equity Investment Corp now owns 951,329 shares of the company’s stock valued at $80,454,000 after purchasing an additional 359,757 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Dollar General Trading Up 2.1 %

Shares of Dollar General stock opened at $76.24 on Thursday. The stock has a market capitalization of $16.77 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 2.24 and a beta of 0.45. Dollar General Co. has a 52 week low of $72.12 and a 52 week high of $168.07. The stock has a 50 day moving average price of $80.54 and a two-hundred day moving average price of $106.65. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22.

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 net margin of 3.57% and a return on equity of 20.62%. The business had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.37 billion. During the same quarter in the prior year, the business earned $2.13 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, equities analysts anticipate that Dollar General Co. will post 5.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Roderick J. West sold 2,510 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $83.25, for a total value of $208,957.50. Following the transaction, the executive vice president now directly owns 9,163 shares of the company’s stock, valued at approximately $762,819.75. The trade was a 21.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Steven R. Deckard sold 2,010 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total transaction of $174,186.60. Following the transaction, the executive vice president now directly owns 2,887 shares of the company’s stock, valued at $250,187.42. This represents a 41.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on DG. Telsey Advisory Group lowered shares of Dollar General from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $168.00 to $103.00 in a report on Friday, August 30th. Wells Fargo & Company decreased their price objective on shares of Dollar General from $145.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 27th. JPMorgan Chase & Co. cut their target price on Dollar General from $97.00 to $82.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Sanford C. Bernstein started coverage on Dollar General in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $98.00 price target on the stock. Finally, The Goldman Sachs Group lowered their price target on Dollar General from $169.00 to $122.00 and set a “buy” rating for the company in a report on Friday, August 30th. 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 assigned a strong buy rating to the company. According to MarketBeat, Dollar General currently has a consensus rating of “Hold” and an average price target of $104.00.

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.