Quantinno Capital Management LP Purchases 7,189 Shares of Dollar General Co. (NYSE:DG)

Quantinno Capital Management LP raised its holdings in shares of Dollar General Co. (NYSE:DG - Free Report) by 104.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,100 shares of the company's stock after buying an additional 7,189 shares during the quarter. Quantinno Capital Management LP's holdings in Dollar General were worth $1,069,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Fort Washington Investment Advisors Inc. OH raised its stake in Dollar General by 20.9% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 319,787 shares of the company's stock worth $24,246,000 after acquiring an additional 55,280 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Dollar General by 117.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 21,997 shares of the company's stock worth $1,668,000 after acquiring an additional 11,893 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Dollar General by 75.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 139,953 shares of the company's stock worth $10,611,000 after purchasing an additional 60,189 shares during the last quarter. Cornerstone Wealth Management LLC boosted its holdings in Dollar General by 19.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 5,014 shares of the company's stock valued at $380,000 after acquiring an additional 827 shares during the last quarter. Finally, Impact Partnership Wealth LLC bought a new position in Dollar General in the fourth quarter valued at about $631,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DG. Telsey Advisory Group raised their target price on Dollar General from $85.00 to $100.00 and gave the stock a "market perform" rating in a report on Tuesday. Morgan Stanley raised their target price on Dollar General from $80.00 to $85.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Bank of America raised their target price on Dollar General from $100.00 to $115.00 and gave the stock a "buy" rating in a report on Friday. UBS Group reduced their target price on Dollar General from $108.00 to $95.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. Finally, Gordon Haskett cut Dollar General from a "hold" rating to a "reduce" rating in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $97.96.

Insider Transactions at Dollar General

In other news, EVP Emily C. Taylor sold 809 shares of Dollar General stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the transaction, the executive vice president now directly owns 48,532 shares in the company, valued at approximately $4,596,951.04. The trade was a 1.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.56% of the stock is currently owned by corporate insiders.

Dollar General Stock Down 0.6%

Shares of NYSE:DG traded down $0.60 during midday trading on Tuesday, hitting $100.80. The stock had a trading volume of 1,407,649 shares, compared to its average volume of 4,022,946. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $145.94. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The business's 50-day simple moving average is $91.35 and its 200-day simple moving average is $80.84. The company has a market cap of $22.17 billion, a P/E ratio of 16.60, a PEG ratio of 2.18 and a beta of 0.27.

Dollar General (NYSE:DG - Get Free Report) last issued its earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.51 by $0.17. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.26 billion. During the same period in the previous year, the company posted $1.83 EPS. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. On average, sell-side analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.34%. Dollar General's dividend payout ratio is currently 46.18%.

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.