Dollar General Corp. (DG) Stake Increased by Fenimore Asset Management Inc.

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Fenimore Asset Management Inc. grew its stake in shares of Dollar General Corp. (NYSE:DG) by 0.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 360,091 shares of the company’s stock after acquiring an additional 2,306 shares during the quarter. Dollar General comprises about 1.6% of Fenimore Asset Management Inc.’s investment portfolio, making the stock its 27th biggest position. Fenimore Asset Management Inc.’s holdings in Dollar General were worth $38,919,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Advocacy Wealth Management Services LLC lifted its position in shares of Dollar General by 96.4% during the 4th quarter. Advocacy Wealth Management Services LLC now owns 271 shares of the company’s stock worth $29,000 after buying an additional 133 shares during the last quarter. North Star Investment Management Corp. increased its holdings in Dollar General by 28.0% in the 4th quarter. North Star Investment Management Corp. now owns 960 shares of the company’s stock worth $104,000 after purchasing an additional 210 shares in the last quarter. SRS Capital Advisors Inc. acquired a new position in Dollar General in the 3rd quarter worth about $107,000. Signaturefd LLC increased its holdings in Dollar General by 74.0% in the 3rd quarter. Signaturefd LLC now owns 1,521 shares of the company’s stock worth $166,000 after purchasing an additional 647 shares in the last quarter. Finally, HighPoint Advisor Group LLC acquired a new position in Dollar General in the 3rd quarter worth about $173,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

In related news, EVP Robert D. Ravener sold 32,492 shares of the company’s stock in a transaction dated Tuesday, January 8th. The stock was sold at an average price of $111.63, for a total transaction of $3,627,081.96. Following the sale, the executive vice president now owns 33,307 shares in the company, valued at approximately $3,718,060.41. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Shares of DG stock traded down $0.26 on Friday, hitting $116.26. The company had a trading volume of 859,391 shares, compared to its average volume of 2,393,385. The stock has a market cap of $30.36 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 1.35 and a beta of 0.76. The company has a current ratio of 1.55, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. Dollar General Corp. has a twelve month low of $85.54 and a twelve month high of $118.45.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Tuesday, December 4th. The company reported $1.26 earnings per share for the quarter, meeting the consensus estimate of $1.26. The company had revenue of $6.42 billion during the quarter, compared to analysts’ expectations of $6.38 billion. Dollar General had a return on equity of 24.03% and a net margin of 7.24%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.93 earnings per share. Sell-side analysts forecast that Dollar General Corp. will post 6.01 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 22nd. Stockholders of record on Tuesday, January 8th will be paid a $0.29 dividend. The ex-dividend date is Monday, January 7th. This represents a $1.16 annualized dividend and a dividend yield of 1.00%. Dollar General’s payout ratio is 25.84%.

A number of equities analysts have issued reports on DG shares. Zacks Investment Research cut Dollar General from a “buy” rating to a “hold” rating in a report on Wednesday, November 28th. JPMorgan Chase & Co. upped their target price on Dollar General to $123.00 and gave the stock an “overweight” rating in a report on Wednesday. Morgan Stanley set a $115.00 target price on Dollar General and gave the stock a “buy” rating in a report on Wednesday, December 26th. Credit Suisse Group set a $108.00 target price on Dollar General and gave the stock a “hold” rating in a report on Monday, November 26th. Finally, Citigroup lowered their target price on Dollar General from $133.00 to $120.00 and set a “buy” rating for the company in a report on Monday, December 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $111.61.

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Dollar General 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.

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

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