Waverly Advisors LLC Has $1.39 Million Position in Dollar General Co. (NYSE:DG)

Waverly Advisors LLC grew its holdings in shares of Dollar General Co. (NYSE:DG - Free Report) by 130.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,383 shares of the company's stock after buying an additional 10,412 shares during the period. Waverly Advisors LLC's holdings in Dollar General were worth $1,394,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in DG. Worldquant Millennium Advisors LLC grew its position in Dollar General by 215.6% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 1,229,105 shares of the company's stock valued at $93,191,000 after buying an additional 839,698 shares in the last quarter. Woodline Partners LP acquired a new stake in shares of Dollar General in the 4th quarter worth approximately $1,001,000. Two Sigma Advisers LP increased its stake in shares of Dollar General by 398.2% during the fourth quarter. Two Sigma Advisers LP now owns 1,756,799 shares of the company's stock valued at $133,200,000 after acquiring an additional 1,404,200 shares during the period. Two Sigma Investments LP raised its holdings in Dollar General by 323.1% during the fourth quarter. Two Sigma Investments LP now owns 2,354,135 shares of the company's stock worth $178,491,000 after purchasing an additional 1,797,776 shares in the last quarter. Finally, Teza Capital Management LLC raised its holdings in Dollar General by 22.3% during the fourth quarter. Teza Capital Management LLC now owns 55,506 shares of the company's stock worth $4,208,000 after purchasing an additional 10,106 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dollar General

In related news, EVP Emily C. Taylor sold 809 shares of Dollar General stock in a transaction on Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the sale, the executive vice president now owns 48,532 shares of the company's stock, valued at approximately $4,596,951.04. The trade was a 1.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.56% of the company's stock.

Dollar General Stock Down 0.3%

Shares of NYSE DG traded down $0.35 during mid-day trading on Tuesday, reaching $101.04. The company had a trading volume of 1,777,673 shares, compared to its average volume of 4,078,965. 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 company has a market capitalization of $22.22 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 2.18 and a beta of 0.27. The stock has a fifty day moving average of $91.35 and a two-hundred day moving average of $80.84. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $145.94.

Dollar General (NYSE:DG - Get Free Report) last released its earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.51 by $0.17. The company had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.83 EPS. As a group, equities research analysts expect that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DG. The Goldman Sachs Group lifted their price target on Dollar General from $85.00 to $96.00 and gave the company a "buy" rating in a research report on Monday, May 19th. Guggenheim boosted their price target on shares of Dollar General from $100.00 to $105.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Morgan Stanley upped their price target on shares of Dollar General from $80.00 to $85.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Gordon Haskett cut shares of Dollar General from a "hold" rating to a "reduce" rating in a research note on Wednesday, April 9th. Finally, Telsey Advisory Group increased their target price on shares of Dollar General from $85.00 to $100.00 and gave the company a "market perform" rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $97.96.

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.