TBH Global Asset Management LLC Sells 924 Shares of Dollar General Co. (NYSE:DG)

TBH Global Asset Management LLC trimmed its position in Dollar General Co. (NYSE:DG) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,765 shares of the company’s stock after selling 924 shares during the period. TBH Global Asset Management LLC’s holdings in Dollar General were worth $1,423,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Pzena Investment Management LLC boosted its holdings in Dollar General by 453.4% during the third quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock worth $865,903,000 after purchasing an additional 8,388,735 shares during the last quarter. Baupost Group LLC MA bought a new position in shares of Dollar General in the 3rd quarter valued at about $194,832,000. State Street Corp increased its position in shares of Dollar General by 8.3% in the third quarter. State Street Corp now owns 9,958,704 shares of the company’s stock valued at $842,208,000 after acquiring an additional 759,869 shares during the last quarter. Worldquant Millennium Advisors LLC bought a new stake in Dollar General during the third quarter worth about $32,932,000. Finally, Equity Investment Corp boosted its position in Dollar General by 60.8% during 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 during the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DG has been the topic of a number of analyst reports. Morgan Stanley dropped their price objective on Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. The Goldman Sachs Group dropped their price target on shares of Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Bank of America upgraded shares of Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price objective on the stock in a research note on Friday, December 6th. JPMorgan Chase & Co. cut 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 note on Tuesday, November 5th. Finally, BMO Capital Markets boosted their price target on Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $96.77.

Dollar General Stock Up 0.8 %

Shares of DG opened at $75.59 on Thursday. 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 stock has a market capitalization of $16.63 billion, a PE ratio of 12.45, a P/E/G ratio of 2.08 and a beta of 0.43. The firm’s 50 day moving average is $73.31 and its 200-day moving average is $83.32. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $168.07.

Dollar General (NYSE:DG) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the firm earned $1.26 earnings per share. Dollar General’s revenue was up 5.0% on a year-over-year basis. Equities research analysts forecast that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 3.12%. The ex-dividend date was Tuesday, January 7th. Dollar General’s dividend payout ratio is currently 38.88%.

Insider Transactions at Dollar General

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction dated Tuesday, December 31st. The stock was 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 in the company, valued at $9,056,636.94. The trade was a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Emily C. Taylor sold 4,740 shares of the stock in a transaction dated Friday, December 13th. The stock was 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 $1,206,128. This trade represents 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 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.