Dollar General Co. (NYSE:DG) Shares Bought by Kiltearn Partners LLP

Kiltearn Partners LLP boosted its holdings in Dollar General Co. (NYSE:DG) by 382.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 350,066 shares of the company’s stock after acquiring an additional 277,566 shares during the quarter. Dollar General accounts for approximately 4.0% of Kiltearn Partners LLP’s portfolio, making the stock its 10th largest position. Kiltearn Partners LLP’s holdings in Dollar General were worth $29,605,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Oppenheimer Asset Management Inc. increased its stake in Dollar General by 85.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 58,107 shares of the company’s stock valued at $7,683,000 after purchasing an additional 26,813 shares in the last quarter. 1834 Investment Advisors Co. bought a new stake in shares of Dollar General in the 3rd quarter valued at $5,650,000. Lecap Asset Management Ltd. raised its stake in Dollar General by 231.6% during the 3rd quarter. Lecap Asset Management Ltd. now owns 37,462 shares of the company’s stock worth $3,168,000 after buying an additional 26,165 shares during the period. Cetera Investment Advisers lifted its holdings in Dollar General by 278.1% during the first quarter. Cetera Investment Advisers now owns 64,628 shares of the company’s stock worth $10,086,000 after acquiring an additional 47,534 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in Dollar General by 62.9% in the third quarter. Victory Capital Management Inc. now owns 166,574 shares of the company’s stock valued at $14,087,000 after acquiring an additional 64,336 shares during the period. 91.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Warren F. Bryant acquired 1,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was purchased at an average cost of $80.83 per share, with a total value of $80,830.00. Following the acquisition, the director now directly owns 42,030 shares of the company’s stock, valued at approximately $3,397,284.90. The trade was a 2.44 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Roderick J. West sold 2,510 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total value of $208,957.50. Following the sale, the executive vice president now directly owns 9,163 shares in the company, valued at approximately $762,819.75. This trade represents a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Dollar General Stock Performance

Shares of NYSE DG opened at $74.67 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $16.42 billion, a P/E ratio of 11.59, a P/E/G ratio of 2.24 and a beta of 0.45. Dollar General Co. has a 12 month low of $72.12 and a 12 month high of $168.07. The stock has a 50 day moving average of $80.75 and a 200-day moving average of $106.87.

Dollar General (NYSE:DG) last announced its 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). The company had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.13 EPS. As a group, equities research analysts predict that Dollar General Co. will post 5.85 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DG shares. Jefferies Financial Group cut their price objective on Dollar General from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Loop Capital reduced their price target on shares of Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a report on Friday, August 30th. HSBC dropped their price objective on shares of Dollar General from $100.00 to $88.00 and set a “hold” rating on the stock in a report on Friday, November 15th. Morgan Stanley cut 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 report on Friday, August 30th. Finally, Evercore ISI dropped their price target on Dollar General from $101.00 to $97.00 and set a “hold” rating on the stock in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Dollar General currently has a consensus rating of “Hold” and a consensus price target of $104.00.

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.