Tectonic Advisors LLC Acquires Shares of 5,948 Dollar General Co. (NYSE:DG)

Tectonic Advisors LLC acquired a new stake in shares of Dollar General Co. (NYSE:DG) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 5,948 shares of the company’s stock, valued at approximately $451,000.

A number of other institutional investors have also made changes to their positions in DG. Wilmington Savings Fund Society FSB purchased a new stake in Dollar General during the 3rd quarter worth $33,000. ORG Wealth Partners LLC acquired a new stake in shares of Dollar General during the third quarter valued at about $57,000. Bruce G. Allen Investments LLC lifted its stake in shares of Dollar General by 37.7% in the third quarter. Bruce G. Allen Investments LLC now owns 792 shares of the company’s stock worth $67,000 after acquiring an additional 217 shares in the last quarter. Studio Investment Management LLC boosted its holdings in Dollar General by 200.4% in the third quarter. Studio Investment Management LLC now owns 850 shares of the company’s stock valued at $72,000 after purchasing an additional 567 shares during the last quarter. Finally, Peoples Bank KS grew its stake in Dollar General by 19.1% during the 4th quarter. Peoples Bank KS now owns 1,435 shares of the company’s stock valued at $109,000 after purchasing an additional 230 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Price Performance

Shares of NYSE:DG opened at $72.61 on Friday. 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 firm’s 50 day moving average is $74.48 and its two-hundred day moving average is $86.55. The firm has a market capitalization of $15.97 billion, a P/E ratio of 11.96, a PEG ratio of 2.11 and a beta of 0.43. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $168.07.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business had revenue of $10.18 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the firm earned $1.26 EPS. The firm’s revenue was up 5.0% on a year-over-year basis. Analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were given a $0.59 dividend. The ex-dividend date was Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a yield of 3.25%. Dollar General’s dividend payout ratio is presently 38.88%.

Insider Buying and Selling at Dollar General

In other 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 transaction of $367,065.60. Following the transaction, the executive vice president now directly owns 15,575 shares in the company, valued at approximately $1,206,128. This trade represents a 23.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction on Tuesday, December 31st. The shares were 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 of the company’s stock, valued at approximately $9,056,636.94. This trade 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 corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DG. JPMorgan Chase & Co. reduced their target price 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. Bank of America upgraded shares of Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price objective on the stock in a research note on Friday, December 6th. Evercore ISI dropped their target price on shares of Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a research report on Tuesday, December 3rd. Sanford C. Bernstein initiated coverage on shares of Dollar General in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $98.00 price target on the stock. Finally, Gordon Haskett lowered Dollar General from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and a consensus price target of $96.77.

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.