Foundation Resource Management Inc. Buys 1,635 Shares of Dollar General Co. (NYSE:DG)

Foundation Resource Management Inc. raised its stake in shares of Dollar General Co. (NYSE:DG) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 99,148 shares of the company’s stock after buying an additional 1,635 shares during the quarter. Dollar General comprises about 1.3% of Foundation Resource Management Inc.’s investment portfolio, making the stock its 29th biggest holding. Foundation Resource Management Inc.’s holdings in Dollar General were worth $7,517,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of DG. 1834 Investment Advisors Co. purchased a new position in Dollar General in the 3rd quarter worth approximately $5,650,000. Lecap Asset Management Ltd. raised its stake in shares of Dollar General by 231.6% in the third quarter. Lecap Asset Management Ltd. now owns 37,462 shares of the company’s stock worth $3,168,000 after purchasing an additional 26,165 shares during the last quarter. Leibman Financial Services Inc. purchased a new position in shares of Dollar General in the fourth quarter worth $2,018,000. Victory Capital Management Inc. boosted its position in shares of Dollar General by 62.9% during the third quarter. Victory Capital Management Inc. now owns 166,574 shares of the company’s stock valued at $14,087,000 after buying an additional 64,336 shares during the last quarter. Finally, Kiltearn Partners LLP purchased a new stake in shares of Dollar General during the second quarter valued at $9,587,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Trading Down 3.0 %

Shares of DG stock opened at $69.45 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The stock has a fifty day simple moving average of $76.06 and a two-hundred day simple moving average of $92.61. The firm has a market capitalization of $15.27 billion, a PE ratio of 11.44, a PEG ratio of 2.29 and a beta of 0.44. Dollar General Co. has a 52-week low of $69.33 and a 52-week high of $168.07.

Dollar General (NYSE:DG) last released its earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The business had revenue of $10.18 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the prior year, the business posted $1.26 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, analysts predict that Dollar General Co. will post 5.76 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.40%. Dollar General’s dividend payout ratio is 38.88%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Bank of America upgraded shares of Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price objective on the stock in a research report on Friday, December 6th. BMO Capital Markets lifted their target price on shares of Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Bernstein Bank lowered their price target on Dollar General from $98.00 to $94.00 in a report on Friday, November 15th. Finally, Jefferies Financial Group cut their price objective on Dollar General from $110.00 to $90.00 and set a “buy” rating for the company in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $98.18.

Insider Activity at Dollar General

In related news, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total value of $451,620.00. Following the sale, the director now owns 120,322 shares in the company, valued at approximately $9,056,636.94. The trade was a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Emily C. Taylor sold 4,740 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $77.44, for a total transaction of $367,065.60. Following the sale, the executive vice president now directly owns 15,575 shares in the company, valued at approximately $1,206,128. The trade was a 23.33 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Dollar General 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.