Flossbach Von Storch SE Decreases Stake in Dollar General Co. (NYSE:DG)

Flossbach Von Storch SE reduced its stake in Dollar General Co. (NYSE:DG) by 0.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,273,255 shares of the company’s stock after selling 8,384 shares during the period. Flossbach Von Storch SE’s holdings in Dollar General were worth $96,538,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of DG. Concurrent Investment Advisors LLC increased its stake in shares of Dollar General by 45.3% during the fourth quarter. Concurrent Investment Advisors LLC now owns 6,390 shares of the company’s stock valued at $485,000 after buying an additional 1,993 shares during the period. Handelsbanken Fonder AB boosted its holdings in Dollar General by 9.1% in the fourth quarter. Handelsbanken Fonder AB now owns 99,744 shares of the company’s stock worth $7,563,000 after acquiring an additional 8,317 shares in the last quarter. Banyan Capital Management Inc. bought a new stake in Dollar General in the fourth quarter worth $5,164,000. Ieq Capital LLC boosted its holdings in Dollar General by 125.0% in the fourth quarter. Ieq Capital LLC now owns 26,617 shares of the company’s stock worth $2,018,000 after acquiring an additional 14,785 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in Dollar General by 9.5% in the fourth quarter. Private Advisor Group LLC now owns 6,066 shares of the company’s stock worth $460,000 after acquiring an additional 524 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on DG. Bernstein Bank dropped their target price on Dollar General from $98.00 to $94.00 in a report on Friday, November 15th. Bank of America raised Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price target on the stock in a report on Friday, December 6th. Morgan Stanley lowered their price target on Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. JPMorgan Chase & Co. lowered their price target on Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Finally, Evercore ISI lowered their price target on Dollar General from $97.00 to $95.00 and set an “in-line” rating on the stock in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $96.77.

Dollar General Price Performance

Shares of Dollar General stock opened at $75.59 on Thursday. The stock has a 50 day moving average of $73.31 and a 200 day moving average of $83.32. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $168.07. The firm has a market cap of $16.63 billion, a PE ratio of 12.45, a PEG ratio of 2.08 and a beta of 0.43. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.08). The company had revenue of $10.18 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the business earned $1.26 earnings per share. On average, research analysts expect 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. Stockholders of record on Tuesday, January 7th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 3.12%. The ex-dividend date was Tuesday, January 7th. Dollar General’s payout ratio is 38.88%.

Insider Activity

In other Dollar General news, EVP Emily C. Taylor sold 4,740 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 15,575 shares in the company, valued at approximately $1,206,128. This represents a 23.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the completion of the sale, the director now owns 120,322 shares of the company’s stock, valued at $9,056,636.94. This represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

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.