Foundation Resource Management Inc. Acquires 1,635 Shares of Dollar General Co. (NYSE:DG)

Foundation Resource Management Inc. lifted its stake in Dollar General Co. (NYSE:DG) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,148 shares of the company’s stock after acquiring an additional 1,635 shares during the period. Dollar General makes up about 1.3% of Foundation Resource Management Inc.’s holdings, making the stock its 29th largest holding. Foundation Resource Management Inc.’s holdings in Dollar General were worth $7,517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in DG. Pzena Investment Management LLC boosted its holdings in Dollar General by 453.4% in the 3rd quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock valued at $865,903,000 after purchasing an additional 8,388,735 shares during the period. Baupost Group LLC MA purchased a new stake in shares of Dollar General in the third quarter worth $194,832,000. Point72 Asset Management L.P. raised its position in shares of Dollar General by 148.6% in 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. State Street Corp grew its position in Dollar General by 8.3% during the third quarter. State Street Corp now owns 9,958,704 shares of the company’s stock worth $842,208,000 after buying an additional 759,869 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Dollar General by 319.6% during the second quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company’s stock worth $122,324,000 after buying an additional 704,639 shares in the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wells Fargo & Company dropped their price target on Dollar General from $90.00 to $80.00 and set an “equal weight” rating for the company in a research report on Thursday, December 5th. JPMorgan Chase & Co. dropped their target price on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Barclays decreased their price target on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, January 9th. The Goldman Sachs Group dropped their price objective on shares of Dollar General from $122.00 to $104.00 and set a “buy” rating for the company in a report on Friday, December 6th. Finally, Evercore ISI cut their target price on shares of Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a research report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $98.18.

Dollar General Stock Performance

Shares of NYSE:DG opened at $69.45 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average price of $76.06 and a 200-day moving average price of $92.61. The company has a market cap of $15.27 billion, a price-to-earnings ratio of 11.44, a price-to-earnings-growth ratio of 2.29 and a beta of 0.44. Dollar General Co. has a 12 month low of $69.33 and a 12 month high of $168.07.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business had revenue of $10.18 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the company earned $1.26 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, equities analysts anticipate that Dollar General Co. will post 5.76 EPS for the current year.

Dollar General Announces Dividend

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 dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date is Tuesday, January 7th. Dollar General’s payout ratio is currently 38.88%.

Insiders Place Their Bets

In other news, Director Michael M. Calbert sold 6,000 shares of the stock in a transaction that occurred 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 completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Emily C. Taylor sold 4,740 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now 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. Company 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.