Nilsine Partners LLC Takes Position in Dollar General Co. (NYSE:DG)

Nilsine Partners LLC acquired a new stake in shares of Dollar General Co. (NYSE:DG) during the first quarter, HoldingsChannel.com reports. The fund acquired 1,321 shares of the company’s stock, valued at approximately $206,000.

A number of other hedge funds have also made changes to their positions in the stock. Comerica Bank acquired a new stake in Dollar General in the 3rd quarter valued at approximately $12,047,000. Prime Capital Investment Advisors LLC increased its position in Dollar General by 294.5% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 18,924 shares of the company’s stock worth $2,573,000 after buying an additional 14,127 shares during the period. International Assets Investment Management LLC bought a new position in Dollar General in the 4th quarter worth approximately $18,861,000. Professional Advisory Services Inc. increased its position in Dollar General by 12.6% in the 4th quarter. Professional Advisory Services Inc. now owns 150,960 shares of the company’s stock worth $20,523,000 after buying an additional 16,899 shares during the period. Finally, Live Oak Private Wealth LLC bought a new position in Dollar General in the 3rd quarter worth approximately $1,374,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Price Performance

DG stock traded down $1.96 during trading on Tuesday, hitting $139.19. The company had a trading volume of 1,752,834 shares, compared to its average volume of 2,308,956. The company has a fifty day moving average price of $150.30 and a two-hundred day moving average price of $136.37. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92. The company has a market cap of $30.58 billion, a P/E ratio of 18.41, a P/E/G ratio of 2.54 and a beta of 0.42. Dollar General Co. has a fifty-two week low of $101.09 and a fifty-two week high of $221.50.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, March 14th. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.74 by $0.09. The business had revenue of $9.86 billion for the quarter, compared to analyst estimates of $9.77 billion. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. Dollar General’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.96 EPS. Equities research analysts expect that Dollar General Co. will post 7.28 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date was Monday, April 8th. Dollar General’s dividend payout ratio is currently 31.22%.

Insiders Place Their Bets

In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total value of $958,617.07. Following the transaction, the executive vice president now owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Ralph Santana sold 3,009 shares of the company’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total transaction of $468,561.48. Following the transaction, the director now owns 3,248 shares of the company’s stock, valued at $505,778.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Carman R. Wenkoff sold 5,909 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total value of $958,617.07. Following the transaction, the executive vice president now directly owns 28,579 shares in the company, valued at approximately $4,636,371.17. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on DG. Raymond James lifted their price target on Dollar General from $150.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Barclays raised Dollar General from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $124.00 to $154.00 in a research report on Thursday, January 4th. StockNews.com raised Dollar General from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Telsey Advisory Group restated an “outperform” rating and set a $170.00 price objective on shares of Dollar General in a research report on Tuesday, April 2nd. Finally, Morgan Stanley boosted their price objective on Dollar General from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. Fifteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dollar General has a consensus rating of “Hold” and a consensus price target of $153.08.

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.