Core Alternative Capital Reduces Holdings in Dollar General Co. (NYSE:DG)

Core Alternative Capital reduced its stake in Dollar General Co. (NYSE:DG) by 6.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,006 shares of the company’s stock after selling 2,816 shares during the period. Core Alternative Capital’s holdings in Dollar General were worth $5,554,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP purchased a new stake in Dollar General in the 2nd quarter worth approximately $46,000. Wallace Advisory Group LLC purchased a new position in shares of Dollar General during the 2nd quarter worth approximately $368,000. Nemes Rush Group LLC raised its position in shares of Dollar General by 20.1% in the 2nd quarter. Nemes Rush Group LLC now owns 15,597 shares of the company’s stock worth $2,062,000 after acquiring an additional 2,610 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc lifted its stake in shares of Dollar General by 3.8% in the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 52,937 shares of the company’s stock valued at $7,000,000 after purchasing an additional 1,947 shares during the period. Finally, Susquehanna Fundamental Investments LLC boosted its position in shares of Dollar General by 90.7% during the second quarter. Susquehanna Fundamental Investments LLC now owns 194,217 shares of the company’s stock valued at $25,681,000 after purchasing an additional 92,358 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

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

Analysts Set New Price Targets

Several equities analysts have commented on the company. UBS Group lowered their price objective on Dollar General from $155.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Melius Research assumed coverage on Dollar General in a research report on Monday, September 23rd. They issued a “hold” rating and a $85.00 price objective on the stock. Oppenheimer reiterated a “market perform” rating on shares of Dollar General in a report on Monday, August 26th. Evercore ISI lowered their target price on shares of Dollar General from $139.00 to $100.00 and set an “in-line” rating on the stock in a research note on Friday, August 30th. Finally, Citigroup lowered shares of Dollar General from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $91.00 to $73.00 in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $109.48.

Dollar General Price Performance

NYSE:DG opened at $87.32 on Monday. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. Dollar General Co. has a 52 week low of $77.96 and a 52 week high of $168.07. The business’s 50-day simple moving average is $104.55 and its two-hundred day simple moving average is $127.12. The stock has a market cap of $19.20 billion, a PE ratio of 12.71, a P/E/G ratio of 2.52 and a beta of 0.44.

Dollar General (NYSE:DG) last issued its 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). The firm had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $2.13 earnings per share. As a group, analysts forecast that Dollar General Co. will post 5.85 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Tuesday, October 8th. Dollar General’s dividend payout ratio (DPR) is presently 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.