Stonebridge Capital Advisors LLC Purchases 9,161 Shares of Dollar General Corporation $DG

Stonebridge Capital Advisors LLC lifted its position in Dollar General Corporation (NYSE:DG) by 457.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,162 shares of the company’s stock after buying an additional 9,161 shares during the period. Stonebridge Capital Advisors LLC’s holdings in Dollar General were worth $1,154,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of Dollar General by 31.0% during the third quarter. Dimensional Fund Advisors LP now owns 2,596,250 shares of the company’s stock worth $268,313,000 after purchasing an additional 614,373 shares in the last quarter. Cresset Asset Management LLC grew its stake in Dollar General by 31.4% during the 3rd quarter. Cresset Asset Management LLC now owns 27,671 shares of the company’s stock worth $2,860,000 after buying an additional 6,605 shares during the last quarter. Picton Mahoney Asset Management acquired a new position in Dollar General during the 3rd quarter valued at about $1,047,000. CI Investments Inc. raised its stake in Dollar General by 13.4% in the third quarter. CI Investments Inc. now owns 1,530 shares of the company’s stock valued at $158,000 after buying an additional 181 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC boosted its holdings in Dollar General by 482.2% in the third quarter. Focus Partners Advisor Solutions LLC now owns 13,757 shares of the company’s stock worth $1,394,000 after acquiring an additional 11,394 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Stock Down 1.0%

Dollar General stock opened at $151.57 on Thursday. The business’s 50-day moving average price is $146.75 and its 200 day moving average price is $122.25. The company has a quick ratio of 0.24, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. The firm has a market cap of $33.36 billion, a price-to-earnings ratio of 26.18, a price-to-earnings-growth ratio of 2.53 and a beta of 0.23. Dollar General Corporation has a 52 week low of $72.52 and a 52 week high of $158.23.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, December 4th. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $0.95 by $0.33. The business had revenue of $10.65 billion for the quarter, compared to analyst estimates of $10.60 billion. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.89 EPS. As a group, sell-side analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DG has been the topic of several recent analyst reports. The Goldman Sachs Group upgraded shares of Dollar General from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. Oppenheimer upped their price target on shares of Dollar General from $145.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, February 24th. Raymond James Financial reissued an “outperform” rating and set a $135.00 price objective on shares of Dollar General in a report on Friday, December 5th. JPMorgan Chase & Co. lifted their price target on Dollar General from $166.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, January 9th. Finally, Guggenheim increased their price objective on Dollar General from $140.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Fourteen analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Dollar General currently has a consensus rating of “Hold” and an average target price of $145.81.

Insider Activity

In other Dollar General news, EVP Roderick J. West sold 2,282 shares of Dollar General stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $133.35, for a total value of $304,304.70. Following the completion of the transaction, the executive vice president owned 36,108 shares of the company’s stock, valued at approximately $4,815,001.80. The trade was a 5.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anita C. Elliott sold 2,516 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $132.52, for a total transaction of $333,420.32. Following the completion of the transaction, the chief accounting officer owned 29,344 shares of the company’s stock, valued at approximately $3,888,666.88. This trade represents a 7.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 58,673 shares of company stock valued at $7,713,389 in the last three months. Corporate insiders own 0.56% of the company’s stock.

About Dollar General

Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.

Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.