Dollar General Co. (NYSE:DG) Position Trimmed by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC trimmed its stake in Dollar General Co. (NYSE:DG) by 11.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,639 shares of the company’s stock after selling 856 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Dollar General were worth $503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Eagle Rock Investment Company LLC grew its position in Dollar General by 16.3% in the fourth quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company’s stock worth $2,186,000 after acquiring an additional 4,048 shares in the last quarter. 1834 Investment Advisors Co. acquired a new stake in shares of Dollar General in the third quarter worth $5,650,000. Leibman Financial Services Inc. acquired a new position in Dollar General during the 4th quarter valued at $2,018,000. Lecap Asset Management Ltd. raised its stake in Dollar General by 231.6% during the 3rd quarter. Lecap Asset Management Ltd. now owns 37,462 shares of the company’s stock valued at $3,168,000 after purchasing an additional 26,165 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in Dollar General by 62.9% during the 3rd quarter. Victory Capital Management Inc. now owns 166,574 shares of the company’s stock valued at $14,087,000 after purchasing an additional 64,336 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Trading Down 0.4 %

DG opened at $72.57 on Tuesday. 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 company has a fifty day moving average price of $73.71 and a two-hundred day moving average price of $84.04. The company has a market cap of $15.96 billion, a P/E ratio of 11.96, a price-to-earnings-growth ratio of 2.08 and a beta of 0.43. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $168.07.

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

Dollar General Dividend Announcement

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

Insider Activity at Dollar General

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the completion of the sale, the director now directly owns 120,322 shares in the company, valued at approximately $9,056,636.94. This trade represents a 4.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Emily C. Taylor sold 4,740 shares of Dollar General stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 15,575 shares of the company’s stock, valued at $1,206,128. This represents a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

Analysts Set New Price Targets

DG has been the topic of several analyst reports. The Goldman Sachs Group lowered their price target on shares of Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. JPMorgan Chase & Co. lowered their target price on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Bernstein Bank decreased their price objective on shares of Dollar General from $98.00 to $94.00 in a report on Friday, November 15th. Jefferies Financial Group decreased their price objective on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Finally, Barclays decreased their price objective on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently 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.