TBH Global Asset Management LLC Has $1.42 Million Position in Dollar General Co. (NYSE:DG)

TBH Global Asset Management LLC trimmed its position in shares of Dollar General Co. (NYSE:DG) by 4.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,765 shares of the company’s stock after selling 924 shares during the quarter. TBH Global Asset Management LLC’s holdings in Dollar General were worth $1,423,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pzena Investment Management LLC boosted its position in Dollar General by 453.4% during the 3rd quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock worth $865,903,000 after buying an additional 8,388,735 shares during the period. State Street Corp raised its stake in shares of Dollar General by 8.3% during the third quarter. State Street Corp now owns 9,958,704 shares of the company’s stock valued at $842,208,000 after acquiring an additional 759,869 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Dollar General by 3.6% during the third quarter. Geode Capital Management LLC now owns 5,243,012 shares of the company’s stock worth $441,899,000 after purchasing an additional 182,300 shares during the period. Baupost Group LLC MA bought a new stake in shares of Dollar General in the third quarter worth $194,832,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Dollar General by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,434,960 shares of the company’s stock valued at $121,355,000 after purchasing an additional 31,200 shares during the period. 91.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Emily C. Taylor sold 4,740 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $77.44, for a total value of $367,065.60. Following the transaction, the executive vice president now owns 15,575 shares in the company, valued at $1,206,128. The trade was a 23.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael M. Calbert sold 6,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total value of $451,620.00. Following the sale, the director now directly owns 120,322 shares of the company’s stock, valued at $9,056,636.94. The trade was a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Dollar General Stock Up 0.8 %

Shares of NYSE DG opened at $75.59 on Thursday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The company has a 50-day moving average price of $73.31 and a 200-day moving average price of $83.32. The stock has a market capitalization of $16.63 billion, a P/E ratio of 12.45, a P/E/G ratio of 2.08 and a beta of 0.43. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $168.07.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). The company had revenue of $10.18 billion for the quarter, compared to analyst estimates of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. Dollar General’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.26 EPS. On average, equities research analysts forecast that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend was Tuesday, January 7th. Dollar General’s dividend payout ratio (DPR) is presently 38.88%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Bernstein Bank reduced their price target on Dollar General from $98.00 to $94.00 in a research report on Friday, November 15th. JPMorgan Chase & Co. reduced their target price on Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Telsey Advisory Group lowered their price target on shares of Dollar General from $103.00 to $90.00 and set a “market perform” rating for the company in a report on Monday, December 2nd. Wells Fargo & Company reduced their price objective on shares of Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 5th. Finally, Morgan Stanley lowered their target price on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $96.77.

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.