Gillespie Robinson & Grimm Inc. cut its stake in shares of Dollar General Corp. (NYSE:DG) by 2.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 272,346 shares of the company’s stock after selling 6,541 shares during the period. Dollar General Corp. accounts for approximately 2.9% of Gillespie Robinson & Grimm Inc.’s portfolio, making the stock its 22nd largest position. Gillespie Robinson & Grimm Inc. owned approximately 0.10% of Dollar General Corp. worth $18,904,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Nuveen Asset Management LLC boosted its position in shares of Dollar General Corp. by 79.7% in the first quarter. Nuveen Asset Management LLC now owns 35,182 shares of the company’s stock valued at $3,012,000 after buying an additional 15,602 shares in the last quarter. Babson Capital Management LLC boosted its position in shares of Dollar General Corp. by 45.2% in the first quarter. Babson Capital Management LLC now owns 22,500 shares of the company’s stock valued at $1,926,000 after buying an additional 7,000 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Dollar General Corp. by 2.0% in the first quarter. Arizona State Retirement System now owns 100,700 shares of the company’s stock valued at $8,620,000 after buying an additional 2,000 shares in the last quarter. Thrax Management LLC purchased a new position in shares of Dollar General Corp. during the first quarter valued at about $5,704,000. Finally, Royal Bank of Canada boosted its position in shares of Dollar General Corp. by 32.9% in the first quarter. Royal Bank of Canada now owns 544,084 shares of the company’s stock valued at $46,572,000 after buying an additional 134,621 shares in the last quarter. 81.55% of the stock is owned by institutional investors and hedge funds.

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

Shares of Dollar General Corp. (NYSE:DG) traded down 0.17% during mid-day trading on Monday, reaching $76.74. The company had a trading volume of 3,173,631 shares. Dollar General Corp. has a 52-week low of $63.46 and a 52-week high of $96.88. The company has a market capitalization of $21.62 billion, a PE ratio of 17.95 and a beta of 0.80. The company’s 50-day moving average price is $70.09 and its 200-day moving average price is $82.10.

Dollar General Corp. (NYSE:DG) last released its quarterly earnings results on Thursday, August 25th. The company reported $1.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.09 by $0.01. Dollar General Corp. had a net margin of 5.86% and a return on equity of 22.95%. The firm had revenue of $5.39 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter last year, the company earned $0.95 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. On average, analysts forecast that Dollar General Corp. will post $4.49 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on DG shares. Morgan Stanley reaffirmed a “buy” rating and set a $97.00 price objective on shares of Dollar General Corp. in a report on Sunday, August 28th. Citigroup Inc. lifted their price objective on Dollar General Corp. from $89.00 to $107.00 and gave the stock a “buy” rating in a report on Wednesday, August 31st. Wolfe Research downgraded Dollar General Corp. from a “market perform” rating to an “underperform” rating in a research report on Wednesday, September 7th. Jefferies Group reissued a “hold” rating on shares of Dollar General Corp. in a research report on Monday, September 12th. Finally, Barclays PLC began coverage on Dollar General Corp. in a research report on Friday, September 23rd. They set an “equal weight” rating and a $74.00 price target for the company. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $89.36.

In other news, Director Michael M. Calbert purchased 13,000 shares of the firm’s stock in a transaction on Tuesday, August 30th. The stock was bought at an average cost of $75.53 per share, for a total transaction of $981,890.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William C. Rhodes III purchased 5,000 shares of the firm’s stock in a transaction on Friday, August 26th. The shares were purchased at an average price of $76.30 per share, with a total value of $381,500.00. The disclosure for this purchase can be found here. Company insiders own 0.22% of the company’s stock.

Dollar General Corp. Company Profile

Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.

5 Day Chart for NYSE:DG

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