Beach Investment Counsel Inc. PA Takes Position in Dollar General Corp. (DG)

Beach Investment Counsel Inc. PA bought a new stake in Dollar General Corp. (NYSE:DG) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 56,580 shares of the company’s stock, valued at approximately $6,184,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Sei Investments Co. increased its holdings in Dollar General by 4.3% in the 2nd quarter. Sei Investments Co. now owns 262,817 shares of the company’s stock valued at $25,913,000 after buying an additional 10,876 shares during the period. Achmea Investment Management B.V. boosted its stake in shares of Dollar General by 16.5% in the 2nd quarter. Achmea Investment Management B.V. now owns 44,547 shares of the company’s stock valued at $4,388,000 after purchasing an additional 6,319 shares in the last quarter. Atria Investments LLC boosted its stake in shares of Dollar General by 31.5% in the 2nd quarter. Atria Investments LLC now owns 22,588 shares of the company’s stock valued at $2,227,000 after purchasing an additional 5,406 shares in the last quarter. Telos Capital Management Inc. boosted its stake in shares of Dollar General by 7.5% in the 2nd quarter. Telos Capital Management Inc. now owns 17,222 shares of the company’s stock valued at $1,698,000 after purchasing an additional 1,206 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Dollar General by 182.7% in the 2nd quarter. Janus Henderson Group PLC now owns 1,040,981 shares of the company’s stock valued at $102,641,000 after purchasing an additional 672,761 shares in the last quarter. 95.61% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on the stock. UBS Group restated a “buy” rating and issued a $120.00 price target (up from $110.00) on shares of Dollar General in a research note on Monday, October 15th. Zacks Investment Research downgraded shares of Dollar General from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. Buckingham Research assumed coverage on shares of Dollar General in a research note on Tuesday, September 25th. They issued a “buy” rating and a $125.00 price target on the stock. Credit Suisse Group set a $108.00 price target on shares of Dollar General and gave the company a “hold” rating in a research note on Sunday, September 2nd. Finally, Morgan Stanley raised their price target on shares of Dollar General from $116.00 to $118.00 and gave the company an “overweight” rating in a research note on Friday, August 31st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $106.35.

In related news, EVP Robert D. Ravener sold 22,440 shares of Dollar General stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $111.49, for a total transaction of $2,501,835.60. Following the sale, the executive vice president now directly owns 50,747 shares in the company, valued at approximately $5,657,783.03. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.41% of the stock is owned by company insiders.

NYSE:DG opened at $112.12 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.21 and a current ratio of 1.55. Dollar General Corp. has a one year low of $79.79 and a one year high of $114.66. The company has a market cap of $29.77 billion, a P/E ratio of 24.97, a price-to-earnings-growth ratio of 1.35 and a beta of 0.82.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, August 30th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.49 by $0.03. Dollar General had a net margin of 7.06% and a return on equity of 23.51%. The business had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.38 billion. During the same period last year, the company earned $1.10 EPS. The firm’s revenue was up 10.6% compared to the same quarter last year. On average, analysts expect that Dollar General Corp. will post 6.1 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 23rd. Investors of record on Tuesday, October 9th were given a dividend of $0.29 per share. The ex-dividend date was Friday, October 5th. This represents a $1.16 annualized dividend and a yield of 1.03%. Dollar General’s dividend payout ratio is presently 25.84%.

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.

Further Reading: What is Compound Annual Growth Rate (CAGR)?

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

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