Bryn Mawr Capital Management LLC Cuts Stock Holdings in Dollar General Co. (NYSE:DG)

Bryn Mawr Capital Management LLC reduced its position in Dollar General Co. (NYSE:DG - Free Report) by 62.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,326 shares of the company's stock after selling 5,554 shares during the period. Bryn Mawr Capital Management LLC's holdings in Dollar General were worth $452,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in DG. McGlone Suttner Wealth Management Inc. purchased a new stake in Dollar General during the fourth quarter valued at approximately $25,000. Studio Investment Management LLC purchased a new stake in Dollar General during the third quarter valued at approximately $26,000. MV Capital Management Inc. raised its position in Dollar General by 78.0% during the fourth quarter. MV Capital Management Inc. now owns 219 shares of the company's stock valued at $30,000 after purchasing an additional 96 shares during the period. Covestor Ltd raised its position in Dollar General by 48.3% during the third quarter. Covestor Ltd now owns 304 shares of the company's stock valued at $33,000 after purchasing an additional 99 shares during the period. Finally, Lowe Wealth Advisors LLC purchased a new stake in shares of Dollar General in the fourth quarter worth approximately $33,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on DG. The Goldman Sachs Group increased their price target on Dollar General from $147.00 to $169.00 and gave the stock a "buy" rating in a report on Friday, March 15th. Barclays upgraded Dollar General from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $124.00 to $154.00 in a report on Thursday, January 4th. Evercore ISI reduced their price target on Dollar General from $162.00 to $160.00 and set an "in-line" rating on the stock in a report on Tuesday, April 2nd. JPMorgan Chase & Co. increased their price target on Dollar General from $158.00 to $161.00 and gave the stock a "neutral" rating in a report on Monday, April 15th. Finally, Argus increased their price target on Dollar General from $160.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, March 28th. Fifteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, Dollar General presently has an average rating of "Hold" and a consensus price target of $153.08.

Insider Buying and Selling

In related news, Director Ralph Santana sold 3,009 shares of the firm's 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 transaction, the director now owns 3,248 shares in the company, valued at approximately $505,778.56. The sale was disclosed in a document filed 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 dated Thursday, April 11th. The stock was sold at an average price of $155.72, for a total value of $468,561.48. Following the sale, the director now directly owns 3,248 shares in the company, valued at approximately $505,778.56. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $162.23, for a total value of $958,617.07. Following the completion of the sale, 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 company insiders.

Dollar General Stock Down 0.4 %

Shares of DG traded down $0.58 during midday trading on Friday, hitting $142.07. 1,378,667 shares of the company's stock traded hands, compared to its average volume of 1,915,899. Dollar General Co. has a 1 year low of $101.09 and a 1 year high of $222.99. The firm's fifty day moving average is $150.37 and its 200-day moving average is $135.90. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $31.21 billion, a price-to-earnings ratio of 18.79, a price-to-earnings-growth ratio of 2.54 and a beta of 0.42.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings data on Thursday, March 14th. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.74 by $0.09. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The firm had revenue of $9.86 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same quarter in the prior year, the business posted $2.96 EPS. The business's revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dollar General Co. will post 7.28 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were paid a $0.59 dividend. The ex-dividend date was Monday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 1.66%. Dollar General's dividend payout ratio (DPR) is 31.22%.

Dollar General 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.