25,318 Shares in Dollar General Co. (NYSE:DG) Bought by Centric Wealth Management

Centric Wealth Management acquired a new position in shares of Dollar General Co. (NYSE:DG) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 25,318 shares of the company’s stock, valued at approximately $1,960,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pzena Investment Management LLC raised its holdings in Dollar General by 453.4% during the third quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock worth $865,903,000 after purchasing an additional 8,388,735 shares during the last quarter. Baupost Group LLC MA purchased a new stake in Dollar General in the 3rd quarter valued at approximately $194,832,000. Point72 Asset Management L.P. grew its holdings in Dollar General by 148.6% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company’s stock valued at $169,257,000 after buying an additional 765,206 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Dollar General by 319.6% in the second quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company’s stock valued at $122,324,000 after acquiring an additional 704,639 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in Dollar General during the 2nd quarter worth about $55,986,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DG. The Goldman Sachs Group lowered their price target on shares of Dollar General from $169.00 to $122.00 and set a “buy” rating for the company in a report on Friday, August 30th. Loop Capital decreased their price target on Dollar General from $130.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. BMO Capital Markets lowered their target price on shares of Dollar General from $90.00 to $80.00 and set a “market perform” rating for the company in a report on Monday, November 18th. Daiwa America downgraded Dollar General from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Dollar General in a report on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $104.00.

Insider Buying and Selling

In other Dollar General news, EVP Roderick J. West sold 2,510 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the transaction, the executive vice president now directly owns 9,163 shares in the company, valued at $762,819.75. This trade represents a 21.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Warren F. Bryant bought 500 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the purchase, the director now directly owns 41,030 shares in the company, valued at $3,298,812. The trade was a 1.23 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.49% of the company’s stock.

Dollar General Trading Up 2.2 %

Shares of DG stock opened at $76.26 on Friday. The firm has a market capitalization of $16.77 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 2.23 and a beta of 0.45. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22. Dollar General Co. has a 1 year low of $72.12 and a 1 year high of $168.07. The stock has a fifty day moving average of $80.33 and a two-hundred day moving average of $106.44.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The firm had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.37 billion. During the same quarter in the previous year, the firm posted $2.13 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, research analysts expect that Dollar General Co. will post 5.85 EPS for the current year.

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.