Shellback Capital LP Sells 49,300 Shares of Dollar General Co. (NYSE:DG)

Shellback Capital LP trimmed its holdings in shares of Dollar General Co. (NYSE:DG) by 21.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 179,700 shares of the company’s stock after selling 49,300 shares during the period. Dollar General makes up about 1.7% of Shellback Capital LP’s investment portfolio, making the stock its 17th biggest position. Shellback Capital LP’s holdings in Dollar General were worth $23,762,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Burkett Financial Services LLC bought a new stake in Dollar General in the fourth quarter valued at $26,000. Fortis Group Advisors LLC grew its holdings in shares of Dollar General by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock worth $27,000 after purchasing an additional 100 shares during the last quarter. Bank & Trust Co bought a new stake in shares of Dollar General in the 2nd quarter worth about $26,000. Salem Investment Counselors Inc. increased its position in shares of Dollar General by 104.9% during the 1st quarter. Salem Investment Counselors Inc. now owns 250 shares of the company’s stock worth $39,000 after purchasing an additional 128 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Dollar General during the 2nd quarter valued at about $33,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on DG. UBS Group decreased their price objective on shares of Dollar General from $155.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. JPMorgan Chase & Co. decreased their price target on Dollar General from $130.00 to $97.00 and set a “neutral” rating on the stock in a research report on Friday, August 30th. Daiwa America cut Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Gordon Haskett lowered Dollar General from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a research note on Friday, August 30th. Finally, Evercore ISI lowered their target price on Dollar General from $139.00 to $100.00 and set an “in-line” rating for the company in a research note on Friday, August 30th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Dollar General currently has an average rating of “Hold” and a consensus target price of $109.48.

Insider Buying and Selling

In other Dollar General news, EVP Roderick J. West sold 2,510 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total value of $208,957.50. Following the completion of the sale, the executive vice president now owns 9,163 shares of the company’s stock, valued at $762,819.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Dollar General news, Director Warren F. Bryant acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were acquired at an average price of $80.83 per share, for a total transaction of $80,830.00. Following the acquisition, the director now directly owns 42,030 shares of the company’s stock, valued at approximately $3,397,284.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Roderick J. West sold 2,510 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total value of $208,957.50. Following the sale, the executive vice president now directly owns 9,163 shares of the company’s stock, valued at $762,819.75. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

Dollar General Price Performance

Shares of DG stock opened at $86.94 on Friday. The firm’s 50 day moving average price is $105.95 and its two-hundred day moving average price is $128.36. The stock has a market cap of $19.12 billion, a PE ratio of 12.66, a PEG ratio of 2.52 and a beta of 0.44. Dollar General Co. has a 52-week low of $77.96 and a 52-week high of $168.07. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.09). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The company had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.37 billion. During the same quarter in the prior year, the business earned $2.13 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, analysts forecast that Dollar General Co. will post 5.85 EPS for the current year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.71%. Dollar General’s dividend payout ratio is 34.35%.

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.