Alpine Woods Capital Investors LLC Reduces Position in Dollar General (DG)

Alpine Woods Capital Investors LLC trimmed its position in shares of Dollar General (NYSE:DG) by 15.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 130,400 shares of the company’s stock after selling 24,700 shares during the quarter. Alpine Woods Capital Investors LLC’s holdings in Dollar General were worth $12,199,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Longview Partners Guernsey LTD increased its position in shares of Dollar General by 0.8% during the fourth quarter. Longview Partners Guernsey LTD now owns 11,417,858 shares of the company’s stock worth $1,061,975,000 after purchasing an additional 96,198 shares in the last quarter. Polen Capital Management LLC increased its position in shares of Dollar General by 0.8% during the fourth quarter. Polen Capital Management LLC now owns 4,977,513 shares of the company’s stock worth $462,958,000 after purchasing an additional 41,833 shares in the last quarter. Geode Capital Management LLC boosted its stake in Dollar General by 3.9% during the fourth quarter. Geode Capital Management LLC now owns 3,045,915 shares of the company’s stock worth $282,757,000 after buying an additional 114,898 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Dollar General by 20.7% during the first quarter. Wells Fargo & Company MN now owns 2,150,705 shares of the company’s stock worth $201,197,000 after buying an additional 368,401 shares during the last quarter. Finally, Orbis Allan Gray Ltd acquired a new position in Dollar General during the fourth quarter worth $194,984,000. Hedge funds and other institutional investors own 90.69% of the company’s stock.

In related news, SVP Michael J. Kindy sold 8,221 shares of the stock in a transaction dated Monday, March 26th. The stock was sold at an average price of $93.05, for a total transaction of $764,964.05. Following the transaction, the senior vice president now owns 9,850 shares of the company’s stock, valued at approximately $916,542.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Anita C. Elliott sold 1,892 shares of the stock in a transaction dated Tuesday, April 10th. The stock was sold at an average price of $95.75, for a total value of $181,159.00. Following the transaction, the chief accounting officer now directly owns 14,313 shares in the company, valued at approximately $1,370,469.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,987 shares of company stock worth $2,242,255. Corporate insiders own 0.41% of the company’s stock.

Shares of Dollar General stock opened at $96.67 on Friday. Dollar General has a 52 week low of $94.05 and a 52 week high of $97.38. The firm has a market capitalization of $25.53 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 1.07 and a beta of 1.01. The company has a current ratio of 1.43, a quick ratio of 0.22 and a debt-to-equity ratio of 0.43.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, March 15th. The company reported $1.48 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.48. Dollar General had a return on equity of 21.65% and a net margin of 6.55%. The business had revenue of $6.13 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the prior year, the company posted $1.49 EPS. The company’s quarterly revenue was up 2.0% on a year-over-year basis. equities analysts forecast that Dollar General will post 6.01 earnings per share for the current fiscal year.

Dollar General declared that its board has initiated a stock buyback program on Thursday, March 15th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 24th. Stockholders of record on Tuesday, April 10th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Monday, April 9th. This is a positive change from Dollar General’s previous quarterly dividend of $0.26. Dollar General’s dividend payout ratio is 25.84%.

A number of equities analysts have weighed in on DG shares. Moffett Nathanson lowered Dollar General from a “neutral” rating to a “sell” rating in a research note on Friday, May 11th. ValuEngine lowered Dollar General from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. Loop Capital boosted their price objective on Dollar General from $87.00 to $97.00 and gave the stock a “hold” rating in a research note on Thursday, March 15th. They noted that the move was a valuation call. Raymond James reissued an “outperform” rating and set a $105.00 price objective (down previously from $110.00) on shares of Dollar General in a research note on Monday, April 16th. Finally, Morgan Stanley set a $121.00 price objective on Dollar General and gave the stock a “buy” rating in a research note on Friday, March 16th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $98.57.

About Dollar General

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products comprising paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food products, such as cereals, canned soups and vegetables, condiments, spices, sugar, and flour; perishables consisting of milk, eggs, bread, refrigerated and frozen food, beer, and wine; snacks that comprise candies, cookies, crackers, salty snacks, and carbonated beverages; health and beauty products, such as over-the-counter medicines, as well as soap, body wash, shampoo, dental hygiene, and foot care products; pet products, which include pet supplies and pet food; and tobacco products.

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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