Peapack Gladstone Financial Corp Sells 2,735 Shares of Dollar General Co. (NYSE:DG)

Peapack Gladstone Financial Corp decreased its holdings in shares of Dollar General Co. (NYSE:DG) by 4.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 55,756 shares of the company’s stock after selling 2,735 shares during the period. Peapack Gladstone Financial Corp’s holdings in Dollar General were worth $4,715,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Pzena Investment Management LLC increased its stake in Dollar General by 453.4% in the third quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock valued at $865,903,000 after acquiring an additional 8,388,735 shares during the last quarter. State Street Corp increased its position in shares of Dollar General by 8.3% during the 3rd quarter. State Street Corp now owns 9,958,704 shares of the company’s stock valued at $842,208,000 after purchasing an additional 759,869 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Dollar General by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 5,243,012 shares of the company’s stock valued at $441,899,000 after buying an additional 182,300 shares in the last quarter. Baupost Group LLC MA bought a new stake in Dollar General in the 3rd quarter worth approximately $194,832,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Dollar General by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,434,960 shares of the company’s stock worth $121,355,000 after buying an additional 31,200 shares in the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Dollar General

In related news, EVP Steven R. Deckard sold 2,010 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total value of $174,186.60. Following the transaction, the executive vice president now directly owns 2,887 shares of the company’s stock, valued at approximately $250,187.42. This represents a 41.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.49% of the company’s stock.

Dollar General Stock Performance

Shares of DG stock opened at $76.94 on Friday. The company’s fifty day moving average price is $79.15 and its 200-day moving average price is $101.39. The stock has a market cap of $16.92 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 2.37 and a beta of 0.44. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a 12 month low of $72.12 and a 12 month high of $168.07.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a return on equity of 18.85% and a net margin of 3.33%. 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 company’s revenue was up 5.0% on a year-over-year basis. On average, equities analysts expect that Dollar General Co. will post 5.77 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Tuesday, January 7th. Dollar General’s dividend payout ratio (DPR) is 38.88%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DG. The Goldman Sachs Group lowered their price objective on shares of Dollar General from $122.00 to $104.00 and set a “buy” rating for the company in a report on Friday, December 6th. HSBC lowered their price target on shares of Dollar General from $100.00 to $88.00 and set a “hold” rating for the company in a research note on Friday, November 15th. Melius Research started coverage on Dollar General in a report on Monday, September 23rd. They issued a “hold” rating and a $85.00 price objective on the stock. Wells Fargo & Company dropped their target price 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. Finally, Sanford C. Bernstein initiated coverage on Dollar General in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $98.00 price target on the stock. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $98.27.

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.