4,274 Shares in Dollar General Co. (NYSE:DG) Acquired by Everhart Financial Group Inc.

Everhart Financial Group Inc. purchased a new position in Dollar General Co. (NYSE:DG) during the fourth quarter, Holdings Channel.com reports. The fund purchased 4,274 shares of the company’s stock, valued at approximately $324,000.

Other hedge funds also recently modified their holdings of the company. Eagle Rock Investment Company LLC raised its holdings in shares of Dollar General by 16.3% in the 4th quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company’s stock worth $2,186,000 after purchasing an additional 4,048 shares during the period. 1834 Investment Advisors Co. bought a new stake in Dollar General during the 3rd quarter valued at $5,650,000. Leibman Financial Services Inc. bought a new stake in Dollar General during the 4th quarter valued at $2,018,000. Lecap Asset Management Ltd. raised its holdings in Dollar General by 231.6% during the 3rd quarter. Lecap Asset Management Ltd. now owns 37,462 shares of the company’s stock valued at $3,168,000 after acquiring an additional 26,165 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in Dollar General by 62.9% during the 3rd quarter. Victory Capital Management Inc. now owns 166,574 shares of the company’s stock valued at $14,087,000 after acquiring an additional 64,336 shares during the period. Institutional investors own 91.77% of the company’s stock.

Insider Activity

In other news, Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the completion of the transaction, the director now directly owns 120,322 shares of the company’s stock, valued at approximately $9,056,636.94. This represents a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Emily C. Taylor sold 4,740 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $77.44, for a total transaction of $367,065.60. Following the transaction, the executive vice president now directly owns 15,575 shares of the company’s stock, valued at approximately $1,206,128. This trade represents a 23.33 % 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 Analysts Forecast Growth

A number of brokerages have issued reports on DG. Morgan Stanley lowered their target price on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Telsey Advisory Group lowered their target price on shares of Dollar General from $103.00 to $90.00 and set a “market perform” rating on the stock in a report on Monday, December 2nd. Barclays lowered their target price 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. Bernstein Bank reduced their price target on shares of Dollar General from $98.00 to $94.00 in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. reduced their price target 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. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and an average target price of $96.77.

Dollar General Stock Performance

NYSE DG opened at $72.57 on Monday. The company has a 50-day simple moving average of $73.71 and a two-hundred day simple moving average of $84.30. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $168.07. The firm has a market cap of $15.96 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 2.08 and a beta of 0.43.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) 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 business had revenue of $10.18 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the previous year, the company earned $1.26 earnings per share. The business’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities analysts forecast that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 3.25%. The ex-dividend date was Tuesday, January 7th. Dollar General’s dividend payout ratio (DPR) is 38.88%.

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.