Eagle Rock Investment Company LLC Buys 4,048 Shares of Dollar General Co. (NYSE:DG)

Eagle Rock Investment Company LLC increased its position in Dollar General Co. (NYSE:DG - Free Report) by 16.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,827 shares of the company's stock after purchasing an additional 4,048 shares during the quarter. Eagle Rock Investment Company LLC's holdings in Dollar General were worth $2,186,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in Dollar General in the third quarter worth about $33,000. Quarry LP purchased a new stake in shares of Dollar General in the 2nd quarter worth approximately $46,000. Pathway Financial Advisers LLC increased its position 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 buying an additional 88 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in Dollar General during the third quarter valued at $57,000. Finally, Bruce G. Allen Investments LLC boosted its holdings in Dollar General by 37.7% in the third quarter. Bruce G. Allen Investments LLC now owns 792 shares of the company's stock worth $67,000 after acquiring an additional 217 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 4,740 shares of the firm's stock in a transaction dated Friday, December 13th. The stock was 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 of the company's stock, valued at $1,206,128. This trade represents a 23.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael M. Calbert sold 6,000 shares of the company's stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the completion of the transaction, the director now directly owns 120,322 shares of the company's stock, valued at approximately $9,056,636.94. This trade represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.49% of the company's stock.

Dollar General Stock Performance

DG stock traded down $0.82 during midday trading on Friday, reaching $68.44. 3,380,183 shares of the company's stock traded hands, compared to its average volume of 3,910,506. The stock's 50-day moving average is $75.71 and its 200 day moving average is $92.28. The stock has a market cap of $15.05 billion, a P/E ratio of 11.28, a PEG ratio of 2.12 and a beta of 0.44. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $168.07. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG - Get Free Report) last announced its earnings results on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.08). Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the prior year, the business posted $1.26 earnings per share. Dollar General's revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, analysts anticipate that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend is Tuesday, January 7th. Dollar General's payout ratio is 38.88%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Dollar General from $97.00 to $82.00 and set a "neutral" rating for the company in a research report on Tuesday, November 5th. Citigroup downgraded shares of Dollar General from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $91.00 to $73.00 in a research note on Friday, September 27th. Telsey Advisory Group reduced their price target on shares of Dollar General from $103.00 to $90.00 and set a "market perform" rating for the company in a research report on Monday, December 2nd. Melius Research began coverage on Dollar General in a research report on Monday, September 23rd. They issued a "hold" rating and a $85.00 price objective on the stock. Finally, Sanford C. Bernstein began coverage on Dollar General in a report on Tuesday, October 22nd. They issued an "outperform" rating and a $98.00 target price for the company. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $98.18.

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.