Thoroughbred Financial Services LLC Sells 13,066 Shares of Dollar General Co. (NYSE:DG)

Thoroughbred Financial Services LLC trimmed its holdings in shares of Dollar General Co. (NYSE:DG - Free Report) by 72.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,893 shares of the company's stock after selling 13,066 shares during the quarter. Thoroughbred Financial Services LLC's holdings in Dollar General were worth $665,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DG. ORG Partners LLC raised its stake in Dollar General by 13.2% in the fourth quarter. ORG Partners LLC now owns 754 shares of the company's stock valued at $103,000 after purchasing an additional 88 shares in the last quarter. Horrell Capital Management Inc. raised its stake in Dollar General by 0.3% in the fourth quarter. Horrell Capital Management Inc. now owns 29,224 shares of the company's stock valued at $3,973,000 after purchasing an additional 94 shares in the last quarter. MV Capital Management Inc. raised its stake in Dollar General by 78.0% in 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 in the last quarter. Covestor Ltd raised its stake in Dollar General by 48.3% in the third quarter. Covestor Ltd now owns 304 shares of the company's stock valued at $33,000 after purchasing an additional 99 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its stake in Dollar General by 42.7% in the third quarter. Venturi Wealth Management LLC now owns 341 shares of the company's stock valued at $36,000 after purchasing an additional 102 shares in the last quarter. 91.77% of the stock is owned by institutional investors.

Dollar General Trading Down 0.7 %

NYSE:DG traded down $1.05 during trading hours on Wednesday, hitting $141.55. The company had a trading volume of 2,207,635 shares, compared to its average volume of 2,294,800. The company has a market capitalization of $31.09 billion, a PE ratio of 18.72, a price-to-earnings-growth ratio of 2.46 and a beta of 0.44. The stock has a 50-day moving average price of $147.07 and a 200 day moving average price of $138.74. Dollar General Co. has a 52 week low of $101.09 and a 52 week high of $210.25. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.19 and a quick ratio of 0.15.

Dollar General (NYSE:DG - Get Free Report) last announced 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. The business had revenue of $9.86 billion during the quarter, compared to analyst estimates of $9.77 billion. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The company's revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.96 earnings per share. On average, equities research analysts predict that Dollar General Co. will post 7.28 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 1.67%. The ex-dividend date was Monday, April 8th. Dollar General's dividend payout ratio is currently 31.22%.

Wall Street Analysts Forecast Growth

DG has been the topic of a number of recent analyst reports. Raymond James raised their target price on shares of Dollar General from $150.00 to $165.00 and gave the company an "outperform" rating in a research note on Friday, March 15th. The Goldman Sachs Group increased their price target on shares of Dollar General from $147.00 to $169.00 and gave the company a "buy" rating in a research report on Friday, March 15th. Argus increased their price target on shares of Dollar General from $160.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, March 28th. Wells Fargo & Company increased their price target on shares of Dollar General from $125.00 to $155.00 and gave the company an "equal weight" rating in a research report on Friday, March 15th. Finally, BMO Capital Markets increased their price target on shares of Dollar General from $130.00 to $160.00 and gave the company a "market perform" rating in a research report on Friday, March 15th. Fifteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Dollar General presently has an average rating of "Hold" and a consensus target price of $153.08.

Insider Buying and Selling at Dollar General

In other Dollar General 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 transaction of $468,561.48. Following the completion of the transaction, the director now owns 3,248 shares of the company's stock, valued at $505,778.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, 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 transaction, the executive vice president now owns 28,579 shares of the company's stock, valued at approximately $4,636,371.17. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 completion of the transaction, the director now directly owns 3,248 shares of the company's stock, valued at approximately $505,778.56. The disclosure for this sale can be found here. Insiders own 0.49% of the company's stock.

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.