Horrell Capital Management Inc. Decreases Stock Holdings in Dollar General Co. (NYSE:DG)

Horrell Capital Management Inc. reduced its holdings in shares of Dollar General Co. (NYSE:DG) by 10.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,581 shares of the company’s stock after selling 2,980 shares during the period. Horrell Capital Management Inc.’s holdings in Dollar General were worth $2,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Bank & Trust Co acquired a new position in Dollar General during the 2nd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Dollar General during the 2nd quarter valued at about $33,000. Studio Investment Management LLC increased its holdings in shares of Dollar General by 117.7% in the second quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock valued at $37,000 after purchasing an additional 153 shares during the period. Strategic Financial Concepts LLC acquired a new position in shares of Dollar General in the second quarter valued at about $37,000. Finally, TruNorth Capital Management LLC acquired a new position in shares of Dollar General in the second quarter valued at about $39,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Bank of America cut their price objective on Dollar General from $118.00 to $95.00 and set an “underperform” rating on the stock in a report on Friday, August 30th. Raymond James lowered their target price on Dollar General from $150.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Argus lowered their target price on Dollar General from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Monday, July 15th. JPMorgan Chase & Co. lowered their target price on Dollar General from $130.00 to $97.00 and set a “neutral” rating on the stock in a research note on Friday, August 30th. Finally, Morgan Stanley downgraded Dollar General from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $170.00 to $100.00 in a research note on Friday, August 30th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $107.84.

Insiders Place Their Bets

In other news, EVP Steven R. Deckard sold 2,010 shares of Dollar General stock in a transaction 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 completion of the sale, the executive vice president now directly owns 2,887 shares of the company’s stock, valued at approximately $250,187.42. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Steven R. Deckard sold 2,010 shares of Dollar General stock in a transaction 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 completion of the sale, the executive vice president now directly owns 2,887 shares of the company’s stock, valued at approximately $250,187.42. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Warren F. Bryant acquired 500 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was purchased at an average cost of $80.40 per share, with a total value of $40,200.00. Following the completion of the purchase, the director now directly owns 41,030 shares of the company’s stock, valued at approximately $3,298,812. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.49% of the stock is owned by insiders.

Dollar General Price Performance

Shares of NYSE:DG traded up $0.36 during midday trading on Tuesday, hitting $81.46. The company had a trading volume of 1,116,643 shares, compared to its average volume of 3,127,502. Dollar General Co. has a twelve month low of $77.96 and a twelve month high of $168.07. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24. The stock has a market cap of $17.91 billion, a price-to-earnings ratio of 11.80, a price-to-earnings-growth ratio of 2.42 and a beta of 0.44. The business’s 50-day simple moving average is $88.76 and its 200-day simple moving average is $116.37.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, August 29th. The company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.09). Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The company had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.37 billion. During the same period in the prior year, the business posted $2.13 EPS. Dollar General’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, research analysts predict that Dollar General Co. will post 5.86 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $2.36 annualized dividend and a yield of 2.90%. Dollar General’s dividend payout ratio (DPR) is 34.35%.

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.