Kiltearn Partners LLP Has $29.61 Million Position in Dollar General Co. (NYSE:DG)

Kiltearn Partners LLP lifted its holdings in Dollar General Co. (NYSE:DG) by 382.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 350,066 shares of the company’s stock after purchasing an additional 277,566 shares during the period. Dollar General comprises 4.0% of Kiltearn Partners LLP’s holdings, making the stock its 10th biggest holding. Kiltearn Partners LLP owned about 0.16% of Dollar General worth $29,605,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DG. B. Riley Wealth Advisors Inc. increased its stake in Dollar General by 18.1% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 8,580 shares of the company’s stock worth $1,339,000 after purchasing an additional 1,317 shares in the last quarter. California State Teachers Retirement System raised its holdings in shares of Dollar General by 0.3% during the first 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 lifted its position in shares of Dollar General by 6.1% in the 1st 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 in the last quarter. Comerica Bank boosted its stake in Dollar General by 3.9% in the 1st 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 purchased a new position in Dollar General during the 1st quarter worth approximately $305,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DG has been the subject of a number of research analyst reports. HSBC reduced their target price on Dollar General from $100.00 to $88.00 and set a “hold” rating for the company in a report on Friday, November 15th. Telsey Advisory Group lowered Dollar General from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $168.00 to $103.00 in a research report on Friday, August 30th. Daiwa America downgraded Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Evercore ISI decreased their price target on shares of Dollar General from $101.00 to $97.00 and set a “hold” rating for the company in a report on Friday, November 15th. Finally, Morgan Stanley downgraded shares of Dollar General from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $170.00 to $100.00 in a research report on Friday, August 30th. Two research 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, the company currently has a consensus rating of “Hold” and a consensus target price of $104.00.

Insiders Place Their Bets

In other news, EVP Roderick J. West sold 2,510 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total transaction of $208,957.50. Following the transaction, the executive vice president now directly owns 9,163 shares in the company, valued at approximately $762,819.75. This represents a 21.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Steven R. Deckard sold 2,010 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were 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 approximately $250,187.42. This represents a 41.05 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Dollar General Trading Down 2.5 %

NYSE:DG opened at $74.67 on Wednesday. Dollar General Co. has a 12 month low of $72.12 and a 12 month high of $168.07. The company’s 50 day moving average is $80.75 and its 200-day moving average is $106.87. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The firm has a market cap of $16.42 billion, a price-to-earnings ratio of 11.59, a P/E/G ratio of 2.24 and a beta of 0.45.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share (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 in the prior year, the business posted $2.13 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities analysts anticipate that Dollar General Co. will post 5.85 EPS for the current year.

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.