Hantz Financial Services Inc. Cuts Stake in Dollar General Co. (NYSE:DG)

Hantz Financial Services Inc. lessened its position in Dollar General Co. (NYSE:DG) by 98.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 410 shares of the company’s stock after selling 25,019 shares during the period. Hantz Financial Services Inc.’s holdings in Dollar General were worth $35,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Public Sector Pension Investment Board raised its position in Dollar General by 14.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 9,601 shares of the company’s stock worth $812,000 after buying an additional 1,200 shares during the last quarter. FORA Capital LLC raised its holdings in shares of Dollar General by 296.7% during the third quarter. FORA Capital LLC now owns 97,417 shares of the company’s stock valued at $8,239,000 after purchasing an additional 72,859 shares during the last quarter. CreativeOne Wealth LLC raised its holdings in shares of Dollar General by 15.1% during the third quarter. CreativeOne Wealth LLC now owns 6,015 shares of the company’s stock valued at $509,000 after purchasing an additional 789 shares during the last quarter. Baupost Group LLC MA purchased a new stake in Dollar General in the third quarter worth approximately $194,832,000. Finally, Kize Capital LP grew its position in Dollar General by 9.8% in the 3rd quarter. Kize Capital LP now owns 84,000 shares of the company’s stock worth $7,104,000 after purchasing an additional 7,500 shares during the period. Institutional investors own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Morgan Stanley downgraded Dollar General from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $170.00 to $100.00 in a report on Friday, August 30th. Jefferies Financial Group lowered their price objective on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Melius Research assumed coverage on shares of Dollar General in a research report on Monday, September 23rd. They set a “hold” rating and a $85.00 target price for the company. Raymond James dropped their price target on shares of Dollar General from $150.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. reduced their price objective on Dollar General from $97.00 to $82.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $103.41.

Insider Transactions at Dollar General

In other Dollar General news, EVP Roderick J. West sold 2,510 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the sale, the executive vice president now directly owns 9,163 shares in the company, valued at $762,819.75. This represents a 21.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Warren F. Bryant bought 500 shares of the company’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 owns 41,030 shares in the company, valued at approximately $3,298,812. This trade represents a 1.23 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.49% of the company’s stock.

Dollar General Trading Up 0.6 %

Shares of DG stock opened at $77.75 on Tuesday. The stock’s 50-day moving average price is $80.16 and its 200-day moving average price is $105.53. Dollar General Co. has a 12-month low of $72.12 and a 12-month high of $168.07. The stock has a market capitalization of $17.10 billion, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 2.26 and a beta of 0.45. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86.

Dollar General Company 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.