Perigon Wealth Management LLC Acquires New Shares in Dollar General Co. (NYSE:DG)

Perigon Wealth Management LLC bought a new position in shares of Dollar General Co. (NYSE:DG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,250 shares of the company’s stock, valued at approximately $502,000.

Other institutional investors also recently modified their holdings of the company. Metis Global Partners LLC lifted its holdings in Dollar General by 2.0% during the third quarter. Metis Global Partners LLC now owns 7,042 shares of the company’s stock worth $596,000 after acquiring an additional 135 shares in the last quarter. Empirical Finance LLC raised 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 during the period. Bruce G. Allen Investments LLC lifted its holdings in shares of Dollar General by 20.3% during the 4th quarter. Bruce G. Allen Investments LLC now owns 953 shares of the company’s stock valued at $72,000 after purchasing an additional 161 shares in the last quarter. Peoples Bank KS grew its position in shares of Dollar General by 19.1% in 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 during the period. Finally, NBC Securities Inc. increased its stake in Dollar General by 13.3% during the 3rd quarter. NBC Securities Inc. now owns 2,058 shares of the company’s stock worth $174,000 after purchasing an additional 241 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on DG. HSBC reduced their price target on shares of Dollar General from $100.00 to $88.00 and set a “hold” rating for the company in a report on Friday, November 15th. Barclays lowered their target price on Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, January 9th. Evercore ISI cut their price target on Dollar General from $97.00 to $95.00 and set an “in-line” rating on the stock in a report on Tuesday, December 3rd. Bernstein Bank decreased their price objective on Dollar General from $98.00 to $94.00 in a report on Friday, November 15th. Finally, JPMorgan Chase & Co. cut their target price on Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $96.77.

Dollar General Price Performance

NYSE:DG opened at $71.08 on Friday. The company has a market cap of $15.63 billion, a P/E ratio of 11.71, a P/E/G ratio of 2.14 and a beta of 0.44. The firm’s fifty day moving average price is $74.71 and its two-hundred day moving average price is $87.89. Dollar General Co. has a one year low of $66.43 and a one year high of $168.07. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15.

Dollar General (NYSE:DG) last released its quarterly 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 company had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the prior year, the company earned $1.26 earnings per share. The firm’s revenue was up 5.0% compared to the same quarter last year. Equities analysts expect that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend was Tuesday, January 7th. Dollar General’s payout ratio is 38.88%.

Insider Transactions at Dollar General

In other news, EVP Emily C. Taylor sold 4,740 shares of the 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 sale, the executive vice president now directly owns 15,575 shares of the company’s stock, valued at approximately $1,206,128. This represents a 23.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction dated 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 transaction, the director now directly 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. Insiders own 0.49% of the company’s stock.

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.