Lindbrook Capital LLC Buys 365 Shares of Dollar General Co. (NYSE:DG)

Lindbrook Capital LLC increased its stake in shares of Dollar General Co. (NYSE:DG) by 46.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,150 shares of the company’s stock after purchasing an additional 365 shares during the quarter. Lindbrook Capital LLC’s holdings in Dollar General were worth $156,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. McGlone Suttner Wealth Management Inc. purchased a new stake in Dollar General in the 4th quarter worth approximately $25,000. Studio Investment Management LLC purchased a new stake in Dollar General in the 3rd quarter worth approximately $26,000. MV Capital Management Inc. lifted its holdings in Dollar General by 78.0% in the 4th quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock worth $30,000 after buying an additional 96 shares during the period. Covestor Ltd lifted its holdings in Dollar General by 48.3% in the 3rd quarter. Covestor Ltd now owns 304 shares of the company’s stock worth $33,000 after buying an additional 99 shares during the period. Finally, Lowe Wealth Advisors LLC purchased a new stake in Dollar General in the 4th quarter worth approximately $33,000. 91.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DG. Evercore ISI lowered their target price on Dollar General from $162.00 to $160.00 and set an “in-line” rating for the company in a research note on Tuesday, April 2nd. Oppenheimer restated a “market perform” rating on shares of Dollar General in a research note on Wednesday, March 6th. The Goldman Sachs Group raised their target price on Dollar General from $147.00 to $169.00 and gave the company a “buy” rating in a research note on Friday, March 15th. JPMorgan Chase & Co. raised their target price on Dollar General from $158.00 to $161.00 and gave the company a “neutral” rating in a research note on Monday, April 15th. Finally, Barclays upgraded Dollar General from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $124.00 to $154.00 in a research note on Thursday, January 4th. Fifteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $153.08.

Dollar General Stock Down 0.1 %

Dollar General stock opened at $142.73 on Wednesday. The firm has a market cap of $31.35 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 2.59 and a beta of 0.42. The stock has a fifty day simple moving average of $149.98 and a two-hundred day simple moving average of $135.07. Dollar General Co. has a 12 month low of $101.09 and a 12 month high of $222.99. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92.

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

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Monday, April 8th. Dollar General’s payout ratio is currently 31.22%.

Insider Buying and Selling

In related news, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the sale, the director now owns 3,248 shares of the company’s stock, valued at $505,778.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Ralph Santana sold 3,009 shares of Dollar General 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 directly owns 3,248 shares in the company, valued at $505,778.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General 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 owns 28,579 shares in the company, valued at $4,636,371.17. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

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.