Dollar General Co. (NYSE:DG) Shares Sold by US Bancorp DE

US Bancorp DE reduced its holdings in Dollar General Co. (NYSE:DG) by 16.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,014 shares of the company’s stock after selling 3,044 shares during the quarter. US Bancorp DE’s holdings in Dollar General were worth $1,214,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Dollar General in the 3rd quarter valued at approximately $33,000. Bogart Wealth LLC lifted its holdings in shares of Dollar General by 279.8% in the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock valued at $37,000 after buying an additional 361 shares during the period. Venturi Wealth Management LLC lifted its holdings in shares of Dollar General by 126.4% in the 4th quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock valued at $38,000 after buying an additional 278 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in shares of Dollar General in the 4th quarter valued at approximately $39,000. Finally, Kentucky Trust Co acquired a new stake in shares of Dollar General in the 4th quarter valued at approximately $48,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DG shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $80.00 price target (down from $90.00) on shares of Dollar General in a report on Monday, March 3rd. Bank of America raised Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price objective for the company in a report on Friday, December 6th. Jefferies Financial Group reduced their price objective on Dollar General from $110.00 to $90.00 and set a “buy” rating for the company in a report on Friday, November 15th. BMO Capital Markets lifted their price objective on Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Finally, Wells Fargo & Company reduced their price objective on Dollar General from $90.00 to $80.00 and set an “equal weight” rating for the company in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Dollar General has a consensus rating of “Hold” and an average price target of $95.09.

Insider Activity at Dollar General

In related news, EVP Emily C. Taylor sold 4,740 shares of Dollar General stock in a transaction on Friday, December 13th. The stock was sold at an average price of $77.44, for a total value of $367,065.60. Following the transaction, the executive vice president now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael M. Calbert sold 6,000 shares of the business’s 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 in the company, valued at approximately $9,056,636.94. This represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

Dollar General Price Performance

Shares of NYSE:DG opened at $81.87 on Friday. The company has a market cap of $18.01 billion, a P/E ratio of 13.49, a P/E/G ratio of 2.18 and a beta of 0.44. 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 52 week low of $66.43 and a 52 week high of $168.07. The business has a fifty day simple moving average of $73.33 and a 200-day simple moving average of $79.63.

Dollar General (NYSE:DG) last announced its quarterly earnings data 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 during 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 for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.26 EPS. Equities research analysts forecast that Dollar General Co. will post 5.75 EPS for the current year.

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.