Thrivent Financial for Lutherans Has $730,000 Stake in Dollar General Co. (NYSE:DG)

Thrivent Financial for Lutherans reduced its stake in shares of Dollar General Co. (NYSE:DG) by 2.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,629 shares of the company’s stock after selling 234 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Dollar General were worth $730,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. increased its position in Dollar General by 148.6% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company’s stock worth $169,257,000 after purchasing an additional 765,206 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Dollar General by 319.6% during the second quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company’s stock valued at $122,324,000 after acquiring an additional 704,639 shares in the last quarter. Markel Group Inc. lifted its stake in Dollar General by 6.5% in the third quarter. Markel Group Inc. now owns 742,250 shares of the company’s stock valued at $62,772,000 after acquiring an additional 45,000 shares during the last quarter. Equity Investment Corp grew its position in Dollar General by 0.4% in the second quarter. Equity Investment Corp now owns 591,572 shares of the company’s stock worth $78,224,000 after acquiring an additional 2,606 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in shares of Dollar General by 86.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 518,016 shares of the company’s stock worth $68,497,000 after purchasing an additional 240,199 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Stock Performance

DG opened at $79.02 on Wednesday. The stock has a market cap of $17.38 billion, a PE ratio of 12.27, a P/E/G ratio of 2.28 and a beta of 0.44. Dollar General Co. has a 1 year low of $72.12 and a 1 year high of $168.07. The stock’s 50 day simple moving average is $79.87 and its 200-day simple moving average is $104.60. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86.

Analysts Set New Price Targets

Several equities analysts have commented on DG shares. HSBC lowered their target price on shares of Dollar General from $100.00 to $88.00 and set a “hold” rating on the stock in a research report on Friday, November 15th. Raymond James cut their price objective on Dollar General from $150.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Loop Capital decreased their target price on Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Bernstein Bank dropped their price target on shares of Dollar General from $98.00 to $94.00 in a research report on Friday, November 15th. Finally, Barclays decreased their price objective on shares of Dollar General from $154.00 to $102.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $103.32.

Insider Buying and Selling at Dollar General

In related news, EVP Roderick J. West sold 2,510 shares of the firm’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 completion of the transaction, the executive vice president now owns 9,163 shares in the company, valued at $762,819.75. This trade represents a 21.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Warren F. Bryant purchased 500 shares of the stock in a transaction on Thursday, September 5th. The stock was bought at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the transaction, the director now directly owns 41,030 shares of the company’s stock, valued at approximately $3,298,812. This trade represents a 1.23 % increase in their ownership of the stock. The disclosure for this purchase 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.