Dollar General Co. (NYSE:DG) Shares Acquired by Kennon Green & Company LLC

Kennon Green & Company LLC grew its position in Dollar General Co. (NYSE:DG) by 5.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,626 shares of the company’s stock after acquiring an additional 249 shares during the period. Kennon Green & Company LLC’s holdings in Dollar General were worth $629,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lindbrook Capital LLC increased its stake in Dollar General by 12.3% in the third quarter. Lindbrook Capital LLC now owns 785 shares of the company’s stock valued at $83,000 after purchasing an additional 86 shares during the last quarter. ORG Partners LLC grew its position in shares of Dollar General by 13.2% in the 4th quarter. ORG Partners LLC now owns 754 shares of the company’s stock valued at $103,000 after buying an additional 88 shares during the last quarter. Horrell Capital Management Inc. raised its stake in Dollar General by 0.3% during the 4th quarter. Horrell Capital Management Inc. now owns 29,224 shares of the company’s stock worth $3,973,000 after acquiring an additional 94 shares in the last quarter. MV Capital Management Inc. lifted its position 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 acquiring an additional 96 shares during the last quarter. Finally, Resonant Capital Advisors LLC boosted its stake in Dollar General by 0.7% in the third quarter. Resonant Capital Advisors LLC now owns 13,796 shares of the company’s stock valued at $1,460,000 after acquiring an additional 98 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DG. Evercore ISI reduced their target price on Dollar General from $162.00 to $160.00 and set an “in-line” rating for the company in a report on Tuesday, April 2nd. Barclays raised Dollar General from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $124.00 to $154.00 in a report on Thursday, January 4th. Raymond James lifted their target price on shares of Dollar General from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Oppenheimer reiterated a “market perform” rating on shares of Dollar General in a research note on Wednesday, March 6th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $170.00 price objective on shares of Dollar General in a research report on Tuesday, April 2nd. Fifteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $153.08.

Dollar General Price Performance

DG stock traded down $1.47 during trading on Monday, reaching $140.60. 1,565,449 shares of the company were exchanged, compared to its average volume of 2,304,981. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.15 and a current ratio of 1.19. The stock’s 50 day moving average price is $150.37 and its 200 day moving average price is $135.90. Dollar General Co. has a 52-week low of $101.09 and a 52-week high of $221.50. The company has a market cap of $30.89 billion, a P/E ratio of 18.79, a PEG ratio of 2.54 and a beta of 0.42.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, March 14th. The company reported $1.83 EPS for the quarter, topping 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 business had revenue of $9.86 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same quarter in the previous year, the company earned $2.96 EPS. The company’s quarterly revenue was down 3.4% on a year-over-year basis. As a group, analysts predict that Dollar General Co. will post 7.28 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend was Monday, April 8th. Dollar General’s dividend payout ratio (DPR) is 31.22%.

Insider Activity

In related news, EVP Carman R. Wenkoff sold 5,909 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $162.23, for a total value of $958,617.07. Following the sale, the executive vice president now directly owns 28,579 shares in the company, valued at approximately $4,636,371.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Carman R. Wenkoff sold 5,909 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of the transaction, the executive vice president now directly owns 28,579 shares of the company’s stock, valued at approximately $4,636,371.17. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ralph Santana sold 3,009 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the sale, the director now directly owns 3,248 shares in the company, valued at approximately $505,778.56. The disclosure for this sale can be found here. Company insiders own 0.49% 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.