Infusive Asset Management Inc. Trims Stake in Dollar General Co. (NYSE:DG)

Infusive Asset Management Inc. reduced its position in Dollar General Co. (NYSE:DG) by 57.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,387 shares of the company’s stock after selling 64,504 shares during the period. Dollar General comprises about 1.7% of Infusive Asset Management Inc.’s portfolio, making the stock its 25th biggest holding. Infusive Asset Management Inc.’s holdings in Dollar General were worth $4,008,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in DG. Bank & Trust Co acquired a new stake in shares of Dollar General in the second quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Dollar General in the second quarter valued at approximately $33,000. Studio Investment Management LLC grew its position in shares of Dollar General by 117.7% in the 2nd quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock valued at $37,000 after buying an additional 153 shares during the last quarter. Pathway Financial Advisers LLC purchased a new stake in shares of Dollar General in the 1st quarter valued at about $45,000. Finally, TruNorth Capital Management LLC acquired a new stake in shares of Dollar General in the second quarter valued at approximately $39,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Steven R. Deckard sold 2,010 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total value of $174,186.60. Following the sale, the executive vice president now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Warren F. Bryant bought 500 shares of Dollar General stock in a transaction on Thursday, September 5th. The shares were purchased at an average cost of $80.40 per share, with a total value of $40,200.00. Following the completion of the purchase, the director now directly owns 41,030 shares in the company, valued at $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. 0.49% of the stock is currently owned by corporate insiders.

Dollar General Price Performance

Shares of NYSE DG opened at $76.26 on Friday. 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 company has a market capitalization of $16.77 billion, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 2.23 and a beta of 0.45. Dollar General Co. has a twelve month low of $72.12 and a twelve month high of $168.07. The business has a 50 day simple moving average of $80.33 and a 200-day simple moving average of $106.44.

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

Analysts Set New Price Targets

DG has been the subject of several recent analyst reports. BMO Capital Markets reduced their target price on shares of Dollar General from $90.00 to $80.00 and set a “market perform” rating for the company in a research note on Monday, November 18th. The Goldman Sachs Group dropped their target price on shares of Dollar General from $169.00 to $122.00 and set a “buy” rating for the company in a report on Friday, August 30th. UBS Group dropped their price objective on Dollar General from $155.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Telsey Advisory Group lowered Dollar General from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $168.00 to $103.00 in a report on Friday, August 30th. Finally, Bernstein Bank cut their price target on Dollar General from $98.00 to $94.00 in a research note on Friday, November 15th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.