Dollar General Co. (NYSE:DG) Shares Acquired by Versor Investments LP

Versor Investments LP raised its position in Dollar General Co. (NYSE:DG) by 454.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 25,500 shares of the company’s stock after buying an additional 20,900 shares during the quarter. Versor Investments LP’s holdings in Dollar General were worth $1,933,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Pzena Investment Management LLC increased its holdings in shares of 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 in the last quarter. State Street Corp increased its stake in Dollar General by 8.3% in the 3rd quarter. State Street Corp now owns 9,958,704 shares of the company’s stock valued at $842,208,000 after purchasing an additional 759,869 shares in the last quarter. Geode Capital Management LLC raised its holdings in Dollar General by 3.6% during the third quarter. Geode Capital Management LLC now owns 5,243,012 shares of the company’s stock worth $441,899,000 after purchasing an additional 182,300 shares during the last quarter. Baupost Group LLC MA acquired a new position in Dollar General during the third quarter worth $194,832,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Dollar General by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,434,960 shares of the company’s stock worth $121,355,000 after purchasing an additional 31,200 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

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 transaction of $451,620.00. Following the completion of the transaction, the director now directly owns 120,322 shares in the company, valued at approximately $9,056,636.94. This represents a 4.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Emily C. Taylor sold 4,740 shares of the business’s 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 sale, the executive vice president now directly owns 15,575 shares of the company’s stock, valued at $1,206,128. The trade was 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 Stock Down 5.6 %

Shares of DG opened at $74.15 on Thursday. The firm has a market cap of $16.31 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 2.18 and a beta of 0.43. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The company’s fifty day moving average is $73.35 and its two-hundred day moving average is $81.82. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $168.07.

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 analysts’ consensus estimates of $0.97 by ($0.08). The firm had revenue of $10.18 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. Dollar General’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the firm posted $1.26 EPS. Analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, January 7th. This represents a $2.36 annualized dividend and a dividend yield of 3.18%. Dollar General’s payout ratio is 38.88%.

Analyst Ratings Changes

DG has been the subject of a number of research analyst reports. Bernstein Bank dropped their price target on Dollar General from $98.00 to $94.00 in a research report on Friday, November 15th. BMO Capital Markets raised their target price on shares of Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Morgan Stanley reduced their price target 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. Wells Fargo & Company dropped their price objective on shares of Dollar General from $90.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday, December 5th. Finally, The Goldman Sachs Group reduced their target price on Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $96.77.

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.