Harbour Investments Inc. Has $46,000 Stock Holdings in Dollar General Co. (NYSE:DG)

Harbour Investments Inc. lowered its position in shares of Dollar General Co. (NYSE:DG) by 24.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 611 shares of the company’s stock after selling 194 shares during the period. Harbour Investments Inc.’s holdings in Dollar General were worth $46,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of DG. Natixis Advisors LLC boosted its holdings in Dollar General by 64.0% in the 4th quarter. Natixis Advisors LLC now owns 351,657 shares of the company’s stock valued at $26,663,000 after purchasing an additional 137,232 shares during the period. First Eagle Investment Management LLC bought a new stake in shares of Dollar General in the fourth quarter valued at approximately $399,433,000. Intact Investment Management Inc. bought a new position in Dollar General during the 4th quarter worth $2,168,000. Aviso Financial Inc. raised its holdings in Dollar General by 44,017.6% in the 4th quarter. Aviso Financial Inc. now owns 7,500 shares of the company’s stock valued at $569,000 after acquiring an additional 7,483 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its position in shares of Dollar General by 28.4% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 405,745 shares of the company’s stock valued at $30,764,000 after acquiring an additional 89,702 shares during the period. Institutional investors own 91.77% of the company’s stock.

Insider Buying and Selling

In related news, Director Michael M. Calbert sold 6,000 shares of the stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the transaction, the director now directly owns 120,322 shares of the company’s stock, valued at $9,056,636.94. This represents a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on DG shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $80.00 price target (down previously from $90.00) on shares of Dollar General in a research report on Monday, March 3rd. Wells Fargo & Company dropped their target price on shares of Dollar General from $90.00 to $80.00 and set an “equal weight” rating for the company in a research report on Thursday, December 5th. Morgan Stanley decreased their price objective on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. UBS Group cut their target price on Dollar General from $108.00 to $95.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Finally, Citigroup decreased their price target on Dollar General from $73.00 to $69.00 and set a “sell” rating on the stock in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $92.26.

Dollar General Stock Performance

Shares of DG stock opened at $83.16 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. Dollar General Co. has a one year low of $66.43 and a one year high of $164.12. The business’s 50 day simple moving average is $74.82 and its 200 day simple moving average is $77.72. The stock has a market capitalization of $18.29 billion, a PE ratio of 13.70, a PEG ratio of 2.18 and a beta of 0.44.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.17. The business had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. Dollar General’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.83 earnings per share. As a group, research analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.84%. Dollar General’s payout ratio is 46.18%.

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.