Blueshift Asset Management LLC Sells 3,939 Shares of Dollar General Co. (NYSE:DG)

Blueshift Asset Management LLC reduced its stake in Dollar General Co. (NYSE:DG) by 32.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,334 shares of the company’s stock after selling 3,939 shares during the period. Blueshift Asset Management LLC’s holdings in Dollar General were worth $705,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Kize Capital LP increased its holdings in shares of Dollar General by 9.8% during the third quarter. Kize Capital LP now owns 84,000 shares of the company’s stock valued at $7,104,000 after acquiring an additional 7,500 shares in the last quarter. Kiltearn Partners LLP grew its position in Dollar General by 382.8% in the 3rd quarter. Kiltearn Partners LLP now owns 350,066 shares of the company’s stock valued at $29,605,000 after purchasing an additional 277,566 shares during the period. Cynosure Group LLC increased its stake in Dollar General by 710.7% during the 3rd quarter. Cynosure Group LLC now owns 25,343 shares of the company’s stock valued at $2,143,000 after purchasing an additional 22,217 shares in the last quarter. M.D. Sass LLC raised its holdings in Dollar General by 4.3% during the third quarter. M.D. Sass LLC now owns 303,109 shares of the company’s stock worth $25,634,000 after buying an additional 12,445 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Dollar General in the third quarter valued at $11,676,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Up 2.1 %

Dollar General stock opened at $76.24 on Thursday. The firm has a market capitalization of $16.77 billion, a price-to-earnings ratio of 11.84, a P/E/G ratio of 2.24 and a beta of 0.45. The firm has a 50 day simple moving average of $80.54 and a 200 day simple moving average of $106.65. Dollar General Co. has a 1-year low of $72.12 and a 1-year high of $168.07. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). The company had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. Dollar General’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.13 earnings per share. On average, analysts predict that Dollar General Co. will post 5.85 earnings per share for the current year.

Analysts Set New Price Targets

DG has been the topic of a number of analyst reports. The Goldman Sachs Group lowered their target price on shares of Dollar General from $169.00 to $122.00 and set a “buy” rating on the stock in a report on Friday, August 30th. HSBC decreased their price objective on shares of Dollar General from $100.00 to $88.00 and set a “hold” rating for the company in a research note on Friday, November 15th. UBS Group cut their target price on Dollar General from $155.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Bernstein Bank decreased their price target on Dollar General from $98.00 to $94.00 in a research report on Friday, November 15th. Finally, Bank of America reduced their price objective on Dollar General from $118.00 to $95.00 and set an “underperform” rating for the company in a research note on Friday, August 30th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $104.00.

Insiders Place Their Bets

In other Dollar General news, Director Warren F. Bryant bought 500 shares of Dollar General stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the transaction, the director now directly owns 41,030 shares in the company, valued at $3,298,812. This represents a 1.23 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Roderick J. West sold 2,510 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $83.25, for a total value of $208,957.50. Following the completion of the transaction, the executive vice president now owns 9,163 shares in the company, valued at $762,819.75. This represents a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

Dollar General 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.