Robertson Stephens Wealth Management LLC Has $407,000 Stake in Dollar General Co. (NYSE:DG)

Robertson Stephens Wealth Management LLC boosted its stake in Dollar General Co. (NYSE:DG) by 13.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,374 shares of the company’s stock after buying an additional 635 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Dollar General were worth $407,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of DG. Pzena Investment Management LLC boosted its stake 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 buying an additional 8,388,735 shares in the last quarter. Baupost Group LLC MA acquired a new position in Dollar General in the third quarter worth $194,832,000. State Street Corp boosted its stake in Dollar General by 8.3% in the third quarter. State Street Corp now owns 9,958,704 shares of the company’s stock worth $842,208,000 after purchasing an additional 759,869 shares in the last quarter. Worldquant Millennium Advisors LLC acquired a new position in Dollar General in the third quarter worth $32,932,000. Finally, Equity Investment Corp boosted 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 worth $80,454,000 after purchasing an additional 359,757 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Trading Down 0.1 %

NYSE DG opened at $72.51 on Friday. The company has a market capitalization of $15.95 billion, a PE ratio of 11.95, a P/E/G ratio of 2.11 and a beta of 0.43. 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 50-day simple moving average of $74.41 and a 200 day simple moving average of $86.45. Dollar General Co. has a 12 month low of $66.43 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). The business had revenue of $10.18 billion for the quarter, compared to analyst estimates of $10.14 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.26 EPS. Research analysts forecast that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend was Tuesday, January 7th. Dollar General’s dividend payout ratio is currently 38.88%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on DG shares. HSBC reduced their price objective on Dollar General from $100.00 to $88.00 and set a “hold” rating on the stock in a research note on Friday, November 15th. BMO Capital Markets boosted their price objective on Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Wells Fargo & Company reduced their price objective on Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 5th. Sanford C. Bernstein initiated coverage on Dollar General in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $98.00 target price for the company. Finally, Morgan Stanley dropped their target price on Dollar General from $100.00 to $80.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $96.77.

Insider Transactions at Dollar General

In related news, 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 in the company, valued at approximately $1,206,128. This trade represents a 23.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael M. Calbert sold 6,000 shares of the 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 of the company’s stock, valued at approximately $9,056,636.94. The trade was a 4.75 % decrease in their ownership of the stock. 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.