Sather Financial Group Inc Purchases 215,507 Shares of Dollar General Co. (NYSE:DG)

Sather Financial Group Inc grew its position in shares of Dollar General Co. (NYSE:DG) by 78.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 490,168 shares of the company’s stock after buying an additional 215,507 shares during the quarter. Dollar General makes up about 2.7% of Sather Financial Group Inc’s investment portfolio, making the stock its 18th biggest position. Sather Financial Group Inc owned 0.22% of Dollar General worth $41,454,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Kinsale Capital Group Inc. grew its stake in Dollar General by 24.8% during the third quarter. Kinsale Capital Group Inc. now owns 33,403 shares of the company’s stock worth $2,825,000 after buying an additional 6,645 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Dollar General by 53.9% during the third quarter. Empowered Funds LLC now owns 29,150 shares of the company’s stock worth $2,465,000 after purchasing an additional 10,213 shares in the last quarter. Empirical Finance LLC lifted its position in shares of Dollar General by 2.0% during the third quarter. Empirical Finance LLC now owns 7,768 shares of the company’s stock worth $657,000 after purchasing an additional 153 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Dollar General by 6.3% during the third quarter. CIBC Asset Management Inc now owns 34,078 shares of the company’s stock worth $2,882,000 after purchasing an additional 2,029 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Dollar General by 16.7% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,921 shares of the company’s stock worth $670,000 after purchasing an additional 1,131 shares in the last quarter. 91.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DG. Raymond James reduced their target price on shares of Dollar General from $150.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Jefferies Financial Group reduced their target price on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday. Citigroup lowered shares of Dollar General from a “neutral” rating to a “sell” rating and cut their price objective for the company from $91.00 to $73.00 in a report on Friday, September 27th. Wells Fargo & Company cut their price objective on shares of Dollar General from $145.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 27th. Finally, HSBC cut their price objective on shares of Dollar General from $100.00 to $88.00 and set a “hold” rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $104.45.

Dollar General Stock Down 1.5 %

Shares of DG stock opened at $75.88 on Friday. The firm has a fifty day moving average of $81.85 and a 200-day moving average of $110.18. 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 12-month low of $73.51 and a 12-month high of $168.07. The company has a market capitalization of $16.69 billion, a price-to-earnings ratio of 11.78, a P/E/G ratio of 2.22 and a beta of 0.45.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $10.37 billion. During the same period in the prior year, the company earned $2.13 EPS. The firm’s revenue was up 4.2% on a year-over-year basis. As a group, equities research analysts predict that Dollar General Co. will post 5.86 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend was Tuesday, October 8th. Dollar General’s dividend payout ratio (DPR) is currently 36.65%.

Insider Activity at Dollar General

In related news, EVP Steven R. Deckard sold 2,010 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total value of $174,186.60. Following the completion of the transaction, the executive vice president now owns 2,887 shares of the company’s stock, valued at approximately $250,187.42. This trade represents a 41.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Roderick J. West sold 2,510 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total transaction of $208,957.50. Following the completion of the transaction, the executive vice president now directly owns 9,163 shares of the company’s stock, valued at approximately $762,819.75. This trade represents a 21.50 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

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.