Hudson Edge Investment Partners Inc. Has $5.28 Million Stake in Dollar General Co. (NYSE:DG)

Hudson Edge Investment Partners Inc. raised its position in Dollar General Co. (NYSE:DG) by 87.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,626 shares of the company’s stock after acquiring an additional 32,524 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in Dollar General were worth $5,279,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in Dollar General during the third quarter worth approximately $33,000. Bogart Wealth LLC increased its stake in shares of Dollar General by 279.8% during the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock worth $37,000 after purchasing an additional 361 shares during the period. Venturi Wealth Management LLC lifted its holdings in Dollar General by 126.4% during the 4th quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock worth $38,000 after purchasing an additional 278 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in Dollar General in the 4th quarter valued at $39,000. Finally, Kentucky Trust Co acquired a new position in Dollar General in the 4th quarter valued at $48,000. Institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on DG shares. Wells Fargo & Company lowered their price target on shares of Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 5th. Gordon Haskett cut shares of Dollar General from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. HSBC lowered their price objective 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. Jefferies Financial Group decreased their price target on Dollar General from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Finally, Morgan Stanley dropped their price target on Dollar General from $100.00 to $80.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $96.77.

Dollar General Price Performance

Shares of NYSE DG opened at $76.68 on Friday. 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 firm’s 50-day moving average price is $73.26 and its 200-day moving average price is $82.95. The firm has a market capitalization of $16.86 billion, a P/E ratio of 12.63, a P/E/G ratio of 2.17 and a beta of 0.43. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $168.07.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates 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 last year, the business posted $1.26 EPS. The company’s revenue was up 5.0% on a year-over-year basis. Equities research analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date was Tuesday, January 7th. Dollar General’s dividend payout ratio is currently 38.88%.

Insider Buying and Selling

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the firm’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 transaction, the director now directly owns 120,322 shares in the company, valued at approximately $9,056,636.94. This trade represents a 4.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Emily C. Taylor sold 4,740 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $77.44, for a total transaction of $367,065.60. Following the completion of the sale, the executive vice president now owns 15,575 shares of the company’s stock, valued at approximately $1,206,128. This represents a 23.33 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

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.