Tectonic Advisors LLC Invests $451,000 in Dollar General Co. (NYSE:DG)

Tectonic Advisors LLC purchased a new stake in Dollar General Co. (NYSE:DG) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,948 shares of the company’s stock, valued at approximately $451,000.

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

Dollar General Price Performance

Shares of NYSE:DG opened at $72.61 on Friday. The business has a fifty day simple moving average of $74.48 and a 200-day simple moving average of $86.55. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $168.07. The company has a market cap of $15.97 billion, a P/E ratio of 11.96, a P/E/G ratio of 2.11 and a beta of 0.43. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG) last posted its quarterly earnings results 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 net margin of 3.33% and a return on equity of 18.85%. The business had revenue of $10.18 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter last year, the firm earned $1.26 EPS. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. Equities research analysts forecast that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were paid a dividend of $0.59 per share. The ex-dividend date was Tuesday, January 7th. This represents a $2.36 annualized dividend and a dividend yield of 3.25%. Dollar General’s dividend payout ratio is presently 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 shares were sold at an average price of $77.44, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael M. Calbert sold 6,000 shares of the firm’s stock in a transaction on 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 transaction, the director now directly owns 120,322 shares in the company, valued at approximately $9,056,636.94. This 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.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Barclays dropped their target price on Dollar General from $102.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, January 9th. HSBC dropped their price objective on Dollar General from $100.00 to $88.00 and set a “hold” rating on the stock in a report on Friday, November 15th. Telsey Advisory Group decreased their target price on shares of Dollar General from $103.00 to $90.00 and set a “market perform” rating on the stock in a research report on Monday, December 2nd. BMO Capital Markets increased their price target on shares of Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Finally, Jefferies Financial Group reduced their price objective on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $96.77.

Dollar General 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.