Bank of Montreal Can Purchases 139,117 Shares of Dollar General Co. (NYSE:DG)

Bank of Montreal Can grew its position in shares of Dollar General Co. (NYSE:DG) by 45.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 445,957 shares of the company’s stock after buying an additional 139,117 shares during the quarter. Bank of Montreal Can’s holdings in Dollar General were worth $38,941,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Bank & Trust Co bought a new stake in shares of Dollar General during the second quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Dollar General during the second quarter valued at approximately $33,000. Studio Investment Management LLC grew its stake in shares of Dollar General by 117.7% during the second quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock valued at $37,000 after purchasing an additional 153 shares during the last quarter. Pathway Financial Advisers LLC bought a new stake in shares of Dollar General during the first quarter valued at approximately $45,000. Finally, TruNorth Capital Management LLC bought a new stake in shares of Dollar General during the second quarter valued at approximately $39,000. 91.77% of the stock is owned by institutional investors.

Insider Activity at Dollar General

In related news, EVP Steven R. Deckard sold 2,010 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total value of $174,186.60. Following the completion of the transaction, the executive vice president now owns 2,887 shares of the company’s stock, valued at approximately $250,187.42. This trade represents a 41.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Roderick J. West sold 2,510 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total transaction of $208,957.50. Following the completion of the transaction, the executive vice president now directly owns 9,163 shares of the company’s stock, valued at approximately $762,819.75. This trade represents a 21.50 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

Wall Street Analyst Weigh In

DG has been the topic of several analyst reports. Sanford C. Bernstein initiated coverage on shares of Dollar General in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $98.00 price objective on the stock. Bernstein Bank cut their price objective on shares of Dollar General from $98.00 to $94.00 in a report on Friday, November 15th. Evercore ISI cut their price objective on shares of Dollar General from $101.00 to $97.00 and set a “hold” rating on the stock in a report on Friday, November 15th. Loop Capital cut their price objective on shares of Dollar General from $130.00 to $90.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Finally, Melius Research initiated coverage on shares of Dollar General in a report on Monday, September 23rd. They issued a “hold” rating and a $85.00 price objective on the stock. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $104.00.

Dollar General Trading Up 2.2 %

Shares of NYSE:DG opened at $76.26 on Friday. Dollar General Co. has a 12 month low of $72.12 and a 12 month high of $168.07. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The company’s fifty day simple moving average is $80.33 and its 200 day simple moving average is $106.44. The firm has a market cap of $16.77 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 2.24 and a beta of 0.45.

Dollar General (NYSE:DG) last released its earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). The business had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the business posted $2.13 EPS. As a group, research analysts forecast that Dollar General Co. will post 5.85 EPS for the current fiscal year.

About Dollar General

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.