Reinhart Partners LLC. Sells 2,291 Shares of Dollar General Co. (NYSE:DG)

Reinhart Partners LLC. lowered its holdings in Dollar General Co. (NYSE:DG - Free Report) by 3.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,991 shares of the company's stock after selling 2,291 shares during the period. Reinhart Partners LLC.'s holdings in Dollar General were worth $5,978,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Eagle Rock Investment Company LLC raised its holdings in shares of Dollar General by 0.5% during the first quarter. Eagle Rock Investment Company LLC now owns 28,983 shares of the company's stock worth $2,548,000 after acquiring an additional 156 shares in the last quarter. Stablepoint Partners LLC raised its holdings in shares of Dollar General by 90.4% during the first quarter. Stablepoint Partners LLC now owns 17,364 shares of the company's stock worth $1,527,000 after acquiring an additional 8,244 shares in the last quarter. Thrive Wealth Management LLC purchased a new stake in shares of Dollar General during the first quarter worth $321,000. Leibman Financial Services Inc. raised its holdings in shares of Dollar General by 3.0% during the first quarter. Leibman Financial Services Inc. now owns 27,412 shares of the company's stock worth $2,410,000 after acquiring an additional 795 shares in the last quarter. Finally, Sentry Investment Management LLC purchased a new stake in shares of Dollar General during the first quarter worth $66,000. Hedge funds and other institutional investors own 91.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on DG shares. Gordon Haskett upgraded Dollar General from a "reduce" rating to an "accumulate" rating in a report on Tuesday. Citigroup raised their target price on Dollar General from $101.00 to $112.00 and gave the company a "neutral" rating in a report on Wednesday. Wells Fargo & Company raised their target price on Dollar General from $80.00 to $105.00 and gave the company an "equal weight" rating in a report on Wednesday. Barclays raised their target price on Dollar General from $100.00 to $119.00 and gave the company an "overweight" rating in a report on Wednesday. Finally, Cfra Research upgraded Dollar General to a "hold" rating in a report on Tuesday. Fifteen analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $109.04.

Dollar General Stock Performance

DG stock traded down $0.37 during trading on Friday, reaching $113.47. 2,937,185 shares of the stock were exchanged, compared to its average volume of 4,069,172. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $135.46. The company has a market capitalization of $24.96 billion, a P/E ratio of 18.69, a price-to-earnings-growth ratio of 2.18 and a beta of 0.26. The stock has a 50 day simple moving average of $94.88 and a 200-day simple moving average of $82.54. 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 released its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, beating analysts' consensus estimates of $1.46 by $0.32. The company had revenue of $10.44 billion for the quarter, compared to the consensus estimate of $10.25 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company's quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.65 earnings per share. As a group, sell-side analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Tuesday, July 8th. Dollar General's payout ratio is 46.18%.

Insider Buying and Selling at Dollar General

In other news, EVP Emily C. Taylor sold 809 shares of the business's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $94.72, for a total value of $76,628.48. Following the transaction, the executive vice president now directly owns 48,532 shares of the company's stock, valued at $4,596,951.04. The trade was a 1.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.56% of the company's stock.

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.