Beddow Capital Management Inc. Purchases 4,430 Shares of Dollar General Co. (NYSE:DG)

Beddow Capital Management Inc. raised its position in shares of Dollar General Co. (NYSE:DG) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 69,975 shares of the company’s stock after buying an additional 4,430 shares during the quarter. Dollar General comprises approximately 2.2% of Beddow Capital Management Inc.’s portfolio, making the stock its 20th biggest position. Beddow Capital Management Inc.’s holdings in Dollar General were worth $5,306,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in shares of Dollar General in the 4th quarter worth about $57,000. Eagle Rock Investment Company LLC raised its position in shares of Dollar General by 16.3% in the 4th quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company’s stock worth $2,186,000 after purchasing an additional 4,048 shares during the last quarter. Leibman Financial Services Inc. purchased a new position in shares of Dollar General in the 4th quarter worth about $2,018,000. DAVENPORT & Co LLC raised its position in shares of Dollar General by 5,624.9% in the 4th quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company’s stock worth $24,385,000 after purchasing an additional 316,005 shares during the last quarter. Finally, Cynosure Group LLC raised its position in shares of Dollar General by 710.7% in the 3rd quarter. Cynosure Group LLC now owns 25,343 shares of the company’s stock worth $2,143,000 after purchasing an additional 22,217 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

DG has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $80.00 price target (down previously from $90.00) on shares of Dollar General in a research report on Monday, March 3rd. Barclays decreased their target price on Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, January 9th. UBS Group decreased their target price on Dollar General from $108.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. The Goldman Sachs Group decreased their target price on Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $85.00 target price on shares of Dollar General in a research report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $92.26.

Dollar General Trading Up 2.7 %

NYSE DG opened at $83.84 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The company has a market capitalization of $18.44 billion, a price-to-earnings ratio of 13.81, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44. The company’s 50-day simple moving average is $74.58 and its two-hundred day simple moving average is $77.76. Dollar General Co. has a one year low of $66.43 and a one year high of $164.12.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.17. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.26 billion. During the same quarter in the previous year, the firm earned $1.83 EPS. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities analysts forecast that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General’s payout ratio is currently 46.18%.

Insider Transactions at Dollar General

In related news, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total value 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 trade represents a 4.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.49% of the company’s stock.

Dollar General Company 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.