Hsbc Holdings PLC Has $49.20 Million Holdings in Dollar General Co. (NYSE:DG)

Hsbc Holdings PLC trimmed its stake in shares of Dollar General Co. (NYSE:DG) by 6.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 372,326 shares of the company’s stock after selling 25,547 shares during the period. Hsbc Holdings PLC owned approximately 0.17% of Dollar General worth $49,199,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of DG. Burkett Financial Services LLC acquired a new position in Dollar General during the 4th quarter worth $26,000. Bank & Trust Co acquired a new position in shares of Dollar General during the second quarter valued at $26,000. Fortis Group Advisors LLC boosted its holdings in Dollar General by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock valued at $27,000 after acquiring an additional 100 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Dollar General in the second quarter worth about $33,000. Finally, Quest Partners LLC bought a new stake in Dollar General during the 4th quarter worth about $37,000. 91.77% of the stock is owned by institutional investors.

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 transaction, the executive vice president now directly owns 2,887 shares of the company’s stock, valued at approximately $250,187.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Dollar General news, EVP Steven R. Deckard sold 2,010 shares of the business’s stock in a transaction dated 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 directly owns 2,887 shares of the company’s stock, valued at approximately $250,187.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Warren F. Bryant acquired 500 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was bought at an average price of $80.40 per share, with a total value of $40,200.00. Following the acquisition, the director now directly owns 41,030 shares in the company, valued at $3,298,812. The disclosure for this purchase can be found here. Company insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

DG has been the topic of several recent research reports. Bank of America reduced their target price on shares of Dollar General from $118.00 to $95.00 and set an “underperform” rating on the stock in a research note on Friday, August 30th. UBS Group lowered their target price on shares of Dollar General from $155.00 to $108.00 and set a “buy” rating for the company in a report on Friday, August 30th. Evercore ISI dropped their target price on shares of Dollar General from $139.00 to $100.00 and set an “in-line” rating for the company in a research report on Friday, August 30th. Raymond James reduced their price target on Dollar General from $150.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Finally, JPMorgan Chase & Co. dropped their price objective on Dollar General from $130.00 to $97.00 and set a “neutral” rating for the company in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $113.95.

Dollar General Stock Down 0.6 %

Dollar General stock opened at $86.01 on Friday. The company has a 50 day moving average of $108.42 and a 200-day moving average of $130.05. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. Dollar General Co. has a twelve month low of $77.96 and a twelve month high of $168.07. The stock has a market capitalization of $18.91 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 2.36 and a beta of 0.44.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, August 29th. The company reported $1.70 earnings per share 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 company had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.37 billion. During the same period in the previous year, the company posted $2.13 earnings per share. Dollar General’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities research analysts anticipate that Dollar General Co. will post 5.85 EPS for the current fiscal year.

Dollar General Announces Dividend

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

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.