Fox Run Management L.L.C. Invests $472,000 in Dollar General Co. (NYSE:DG)

Fox Run Management L.L.C. acquired a new stake in shares of Dollar General Co. (NYSE:DG) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 6,229 shares of the company’s stock, valued at approximately $472,000.

Other large investors have also added to or reduced their stakes in the company. First Eagle Investment Management LLC purchased a new stake in shares of Dollar General in the fourth quarter worth $399,433,000. ACR Alpine Capital Research LLC boosted its stake in Dollar General by 8,426.1% in the 4th quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company’s stock worth $306,424,000 after purchasing an additional 3,994,070 shares in the last quarter. Baupost Group LLC MA bought a new position in Dollar General in the 3rd quarter worth about $194,832,000. Pzena Investment Management LLC grew its position in Dollar General by 14.9% during the 4th quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company’s stock valued at $892,199,000 after purchasing an additional 1,528,450 shares during the last quarter. Finally, State Street Corp increased its stake in Dollar General by 8.3% during 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. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $80.00 target price (down previously from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. UBS Group lowered their price objective on Dollar General from $108.00 to $95.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Evercore ISI cut their target price on Dollar General from $97.00 to $95.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 3rd. 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 note on Friday, December 6th. Finally, Wells Fargo & Company dropped their price objective on Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $92.26.

Dollar General Stock Down 0.6 %

DG opened at $82.62 on Wednesday. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $164.12. The firm’s 50 day simple moving average is $75.08 and its two-hundred day simple moving average is $77.72. 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 market capitalization of $18.17 billion, a PE ratio of 13.61, a PEG ratio of 2.18 and a beta of 0.44.

Dollar General (NYSE:DG) last released its earnings results on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.17. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.26 billion. During the same period in the previous year, the business earned $1.83 earnings per share. Dollar General’s quarterly revenue was up 4.5% compared to the same quarter last year. As a group, equities 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 will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.86%. The ex-dividend date is Tuesday, April 8th. Dollar General’s dividend payout ratio is 46.18%.

Insiders Place Their Bets

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the stock in a transaction 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 sale, the director now owns 120,322 shares in the company, valued at approximately $9,056,636.94. This represents a 4.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.49% of the stock is owned by company 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.