Dollar General Corp. (NYSE:DG) Position Trimmed by Hennessy Advisors Inc.

Hennessy Advisors Inc. decreased its holdings in shares of Dollar General Corp. (NYSE:DG) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,900 shares of the company’s stock after selling 800 shares during the period. Hennessy Advisors Inc.’s holdings in Dollar General were worth $3,572,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Hudock Capital Group LLC bought a new stake in Dollar General during the third quarter valued at $28,000. San Francisco Sentry Investment Group CA boosted its holdings in shares of Dollar General by 41.4% during the third quarter. San Francisco Sentry Investment Group CA now owns 222 shares of the company’s stock valued at $35,000 after acquiring an additional 65 shares during the period. Doyle Wealth Management acquired a new position in shares of Dollar General during the second quarter valued at $42,000. Prestige Wealth Management Group LLC boosted its holdings in shares of Dollar General by 346.2% during the third quarter. Prestige Wealth Management Group LLC now owns 290 shares of the company’s stock valued at $46,000 after acquiring an additional 225 shares during the period. Finally, Squar Milner Financial Services LLC boosted its holdings in shares of Dollar General by 115.1% during the third quarter. Squar Milner Financial Services LLC now owns 413 shares of the company’s stock valued at $65,000 after acquiring an additional 221 shares during the period. Hedge funds and other institutional investors own 92.57% of the company’s stock.

Several equities analysts have recently issued reports on DG shares. JPMorgan Chase & Co. boosted their price target on shares of Dollar General from $173.00 to $184.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. ValuEngine downgraded shares of Dollar General from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Wells Fargo & Co reissued a “hold” rating on shares of Dollar General in a report on Monday, December 9th. Morgan Stanley boosted their price target on shares of Dollar General from $170.00 to $174.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Finally, Telsey Advisory Group boosted their price target on shares of Dollar General from $168.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $162.95.

DG stock opened at $157.98 on Wednesday. The company has a market capitalization of $39.01 billion, a P/E ratio of 26.46, a PEG ratio of 2.01 and a beta of 0.50. The company has a 50-day simple moving average of $155.34 and a 200 day simple moving average of $151.67. Dollar General Corp. has a fifty-two week low of $108.74 and a fifty-two week high of $166.98. The company has a quick ratio of 0.13, a current ratio of 1.12 and a debt-to-equity ratio of 1.57.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, December 5th. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.04. The business had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.89 billion. Dollar General had a net margin of 6.09% and a return on equity of 25.53%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.26 earnings per share. Equities analysts anticipate that Dollar General Corp. will post 6.65 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Monday, January 6th. Dollar General’s payout ratio is currently 21.44%.

Dollar General Company Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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