Harbor Investment Advisory LLC Sells 401 Shares of Dollar General Co. (NYSE:DG)

Harbor Investment Advisory LLC cut its holdings in shares of Dollar General Co. (NYSE:DG) by 49.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 414 shares of the company’s stock after selling 401 shares during the period. Harbor Investment Advisory LLC’s holdings in Dollar General were worth $31,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Polianta Ltd bought a new position in Dollar General in the 4th quarter valued at $1,114,000. Monarch Capital Management Inc. boosted its position in Dollar General by 183.3% in the 4th quarter. Monarch Capital Management Inc. now owns 11,328 shares of the company’s stock valued at $859,000 after buying an additional 7,330 shares during the last quarter. Nexus Investment Management ULC lifted its stake in shares of Dollar General by 1.9% in the 4th quarter. Nexus Investment Management ULC now owns 286,535 shares of the company’s stock valued at $21,725,000 after purchasing an additional 5,245 shares during the period. Arkadios Wealth Advisors lifted its stake in shares of Dollar General by 98.4% in the 4th quarter. Arkadios Wealth Advisors now owns 8,028 shares of the company’s stock valued at $609,000 after purchasing an additional 3,982 shares during the period. Finally, Professional Advisory Services Inc. lifted its stake in shares of Dollar General by 35.7% in the 4th quarter. Professional Advisory Services Inc. now owns 152,586 shares of the company’s stock valued at $11,569,000 after purchasing an additional 40,151 shares during the period. 91.77% of the stock is currently owned by institutional investors.

Dollar General Price Performance

Dollar General stock opened at $70.78 on Thursday. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $168.07. The stock’s 50 day moving average is $75.31 and its 200-day moving average is $90.55. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $15.57 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 2.04 and a beta of 0.44.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm had revenue of $10.18 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the company posted $1.26 EPS. Dollar General’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities research analysts expect that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend was Tuesday, January 7th. Dollar General’s dividend payout ratio (DPR) is currently 38.88%.

Insider Activity at Dollar General

In other Dollar General news, 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 transaction of $451,620.00. Following the completion of the sale, the director now directly owns 120,322 shares in the company, valued at $9,056,636.94. This represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the executive vice president now owns 15,575 shares of the company’s stock, valued at $1,206,128. The trade was a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Telsey Advisory Group cut their price target on Dollar General from $103.00 to $90.00 and set a “market perform” rating on the stock in a research note on Monday, December 2nd. Gordon Haskett raised Dollar General from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. HSBC cut their price target on Dollar General from $100.00 to $88.00 and set a “hold” rating on the stock in a research note 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 research note on Friday, December 6th. Finally, The Goldman Sachs Group cut their price target on Dollar General from $122.00 to $104.00 and set a “buy” rating on the stock in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $97.27.

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.