Brooklyn Investment Group Sells 1,139 Shares of Dollar General Co. (NYSE:DG)

Brooklyn Investment Group cut its position in shares of Dollar General Co. (NYSE:DG) by 59.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 777 shares of the company’s stock after selling 1,139 shares during the period. Brooklyn Investment Group’s holdings in Dollar General were worth $66,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pzena Investment Management LLC grew its holdings in shares of Dollar General by 453.4% during the third quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock valued at $865,903,000 after buying an additional 8,388,735 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in Dollar General by 148.6% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company’s stock worth $169,257,000 after acquiring an additional 765,206 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Dollar General by 319.6% during the second quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company’s stock worth $122,324,000 after purchasing an additional 704,639 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Dollar General during the second quarter valued at approximately $55,986,000. Finally, Assenagon Asset Management S.A. lifted its holdings in Dollar General by 2,291.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 414,698 shares of the company’s stock valued at $54,836,000 after purchasing an additional 397,354 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Citigroup downgraded Dollar General from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $91.00 to $73.00 in a research report on Friday, September 27th. UBS Group lowered their price target on Dollar General from $155.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Bernstein Bank dropped their price objective on shares of Dollar General from $98.00 to $94.00 in a report on Friday, November 15th. Oppenheimer restated a “market perform” rating on shares of Dollar General in a research note on Monday, August 26th. Finally, Barclays decreased their price target on Dollar General from $154.00 to $102.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Dollar General currently has a consensus rating of “Hold” and an average target price of $104.00.

Dollar General Stock Performance

Shares of DG stock opened at $76.26 on Friday. The company has a market cap of $16.77 billion, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 2.24 and a beta of 0.45. Dollar General Co. has a 12-month low of $72.12 and a 12-month high of $168.07. The stock has a 50 day simple moving average of $80.33 and a 200-day simple moving average of $106.44. 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 released its quarterly earnings data on Thursday, August 29th. The company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.09). The business had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. Dollar General’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.13 earnings per share. On average, equities analysts forecast that Dollar General Co. will post 5.85 EPS for the current year.

Insider Activity

In other Dollar General news, EVP Roderick J. West sold 2,510 shares of Dollar General 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 of the company’s stock, valued at $762,819.75. The trade was a 21.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Steven R. Deckard sold 2,010 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total transaction of $174,186.60. Following the sale, the executive vice president now directly owns 2,887 shares of the company’s stock, valued at approximately $250,187.42. This trade represents a 41.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.