Cravens & Co Advisors LLC Sells 447 Shares of Dollar General Co. (NYSE:DG)

Cravens & Co Advisors LLC lessened its stake in shares of Dollar General Co. (NYSE:DG) by 6.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,259 shares of the company’s stock after selling 447 shares during the quarter. Cravens & Co Advisors LLC’s holdings in Dollar General were worth $529,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of DG. B. Riley Wealth Advisors Inc. boosted its stake in shares of Dollar General by 18.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 8,580 shares of the company’s stock valued at $1,339,000 after purchasing an additional 1,317 shares in the last quarter. California State Teachers Retirement System increased its position in Dollar General by 0.3% in the 1st quarter. California State Teachers Retirement System now owns 352,206 shares of the company’s stock valued at $54,965,000 after acquiring an additional 1,223 shares during the period. Tidal Investments LLC raised its stake in shares of Dollar General by 6.1% during the first quarter. Tidal Investments LLC now owns 10,878 shares of the company’s stock valued at $1,690,000 after acquiring an additional 624 shares during the last quarter. Comerica Bank lifted its holdings in shares of Dollar General by 3.9% during the first quarter. Comerica Bank now owns 126,988 shares of the company’s stock worth $19,818,000 after purchasing an additional 4,781 shares during the period. Finally, Jaffetilchin Investment Partners LLC bought a new stake in shares of Dollar General in the first quarter worth $305,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dollar General

In other news, EVP Steven R. Deckard sold 2,010 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total transaction of $174,186.60. Following the completion of the sale, the executive vice president now directly owns 2,887 shares of the company’s stock, valued at $250,187.42. This trade represents a 41.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Warren F. Bryant purchased 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was bought at an average cost of $80.83 per share, for a total transaction of $80,830.00. Following the completion of the acquisition, the director now directly owns 42,030 shares in the company, valued at $3,397,284.90. The trade was a 2.44 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.49% of the company’s stock.

Dollar General Stock Performance

Shares of DG stock opened at $74.67 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. The firm has a fifty day simple moving average of $80.75 and a two-hundred day simple moving average of $106.87. Dollar General Co. has a 12 month low of $72.12 and a 12 month high of $168.07. The firm has a market capitalization of $16.42 billion, a PE ratio of 11.59, a price-to-earnings-growth ratio of 2.24 and a beta of 0.45.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). The business had revenue of $10.21 billion during the quarter, compared to analyst estimates 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 was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.13 EPS. Analysts forecast that Dollar General Co. will post 5.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Daiwa America downgraded Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Sanford C. Bernstein initiated coverage on shares of Dollar General in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $98.00 target price for the company. The Goldman Sachs Group dropped their price target on shares of Dollar General from $169.00 to $122.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Bernstein Bank lowered their target price on shares of Dollar General from $98.00 to $94.00 in a research note on Friday, November 15th. Finally, Barclays cut their price target on shares of Dollar General from $154.00 to $102.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $104.00.

About Dollar General

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.