Caisse DE Depot ET Placement DU Quebec Purchases 8,600 Shares of Dollar General Co. (NYSE:DG)

Caisse DE Depot ET Placement DU Quebec boosted its position in Dollar General Co. (NYSE:DG) by 19.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,900 shares of the company’s stock after buying an additional 8,600 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Dollar General were worth $4,558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Dollar General during the 2nd quarter valued at $33,000. Studio Investment Management LLC grew its stake in shares of Dollar General by 117.7% during the second quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock valued at $37,000 after buying an additional 153 shares during the last quarter. TruNorth Capital Management LLC purchased a new position in shares of Dollar General in the second quarter worth about $39,000. Quarry LP bought a new stake in shares of Dollar General in the 2nd quarter valued at about $46,000. Finally, Pathway Financial Advisers LLC boosted its holdings in Dollar General by 30.6% during the 2nd quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock valued at $50,000 after acquiring an additional 88 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DG. Citigroup downgraded Dollar General from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $91.00 to $73.00 in a research report on Friday, September 27th. JPMorgan Chase & Co. decreased their price objective on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. UBS Group cut their target price on Dollar General from $155.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Barclays lowered their price target on Dollar General from $154.00 to $102.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Finally, Sanford C. Bernstein initiated coverage on Dollar General in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $98.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $103.41.

Dollar General Stock Up 0.6 %

DG stock opened at $77.75 on Tuesday. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The business has a 50 day moving average of $80.16 and a 200 day moving average of $105.53. Dollar General Co. has a twelve month low of $72.12 and a twelve month high of $168.07. The firm has a market cap of $17.10 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 2.26 and a beta of 0.45.

Insider Activity

In other news, Director Warren F. Bryant purchased 500 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were purchased at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the acquisition, the director now directly owns 41,030 shares in the company, valued at $3,298,812. This represents a 1.23 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Steven R. Deckard sold 2,010 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total value of $174,186.60. Following the completion of the transaction, the executive vice president now directly owns 2,887 shares in the company, valued at $250,187.42. This trade represents a 41.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.