Interval Partners LP Sells 355,940 Shares of Dollar General Co. (NYSE:DG)

Interval Partners LP reduced its position in Dollar General Co. (NYSE:DG) by 63.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 202,060 shares of the company’s stock after selling 355,940 shares during the quarter. Interval Partners LP owned approximately 0.09% of Dollar General worth $26,718,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its stake in Dollar General by 162.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,185,887 shares of the company’s stock valued at $2,472,372,000 after buying an additional 11,257,537 shares during the period. Vanguard Group Inc. increased its stake in shares of Dollar General by 15.5% in the 4th quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock valued at $3,408,514,000 after acquiring an additional 3,360,413 shares in the last quarter. Capital International Investors lifted its position in shares of Dollar General by 13.9% during the 4th quarter. Capital International Investors now owns 18,676,538 shares of the company’s stock valued at $2,539,026,000 after acquiring an additional 2,273,119 shares during the period. Pzena Investment Management LLC bought a new position in Dollar General during the first quarter worth $301,738,000. Finally, Renaissance Technologies LLC acquired a new stake in Dollar General in the second quarter worth $55,986,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dollar General

In other news, EVP Steven R. Deckard sold 2,010 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total transaction of $174,186.60. Following the completion of the sale, the executive vice president now owns 2,887 shares in the company, valued at approximately $250,187.42. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Roderick J. West sold 2,510 shares of Dollar General stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $83.25, for a total value of $208,957.50. Following the completion of the transaction, the executive vice president now owns 9,163 shares in the company, valued at $762,819.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Steven R. Deckard sold 2,010 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total transaction of $174,186.60. Following the sale, the executive vice president now owns 2,887 shares in the company, valued at $250,187.42. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Dollar General Price Performance

Dollar General stock opened at $86.01 on Monday. The stock has a market cap of $18.91 billion, a P/E ratio of 12.52, a P/E/G ratio of 2.36 and a beta of 0.44. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The company’s 50 day moving average price is $108.42 and its two-hundred day moving average price is $129.69. Dollar General Co. has a 52 week low of $77.96 and a 52 week high of $168.07.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The business had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.37 billion. During the same quarter last year, the business posted $2.13 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year. On average, equities analysts predict that Dollar General Co. will post 5.85 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.74%. The ex-dividend date is Tuesday, October 8th. Dollar General’s dividend payout ratio is 34.35%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DG. JPMorgan Chase & Co. dropped their price objective on shares of Dollar General from $130.00 to $97.00 and set a “neutral” rating on the stock in a report on Friday, August 30th. Loop Capital dropped their price target on Dollar General from $130.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Bank of America cut their price target on Dollar General from $118.00 to $95.00 and set an “underperform” rating on the stock in a report on Friday, August 30th. Raymond James decreased their price objective on Dollar General from $150.00 to $120.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Finally, Morgan Stanley cut Dollar General from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $170.00 to $100.00 in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $113.95.

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.