Dollar General Co. (NYSE:DG) Shares Sold by PFG Investments LLC

PFG Investments LLC lowered its position in shares of Dollar General Co. (NYSE:DG) by 6.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,815 shares of the company’s stock after selling 277 shares during the period. PFG Investments LLC’s holdings in Dollar General were worth $519,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Schechter Investment Advisors LLC purchased a new stake in Dollar General in the 4th quarter valued at $309,000. Assenagon Asset Management S.A. raised its holdings in shares of Dollar General by 1,984.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 115,814 shares of the company’s stock valued at $15,745,000 after buying an additional 110,258 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of Dollar General by 2.4% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 258,669 shares of the company’s stock worth $35,166,000 after buying an additional 5,949 shares during the period. HBW Advisory Services LLC increased its position in Dollar General by 2.3% in the 4th quarter. HBW Advisory Services LLC now owns 26,741 shares of the company’s stock valued at $3,635,000 after acquiring an additional 596 shares during the period. Finally, CVA Family Office LLC purchased a new stake in Dollar General during the 4th quarter valued at approximately $116,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Citigroup lifted their target price on Dollar General from $115.00 to $138.00 and gave the company a “neutral” rating in a research note on Friday, December 8th. Truist Financial boosted their price objective on shares of Dollar General from $125.00 to $140.00 and gave the company a “hold” rating in a research note on Friday, March 15th. StockNews.com upgraded shares of Dollar General from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. JPMorgan Chase & Co. raised shares of Dollar General from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $120.00 to $158.00 in a report on Tuesday, March 12th. Finally, Barclays raised Dollar General from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $124.00 to $154.00 in a report on Thursday, January 4th. Fifteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $155.44.

Dollar General Stock Up 2.4 %

DG stock opened at $154.21 on Thursday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.19 and a quick ratio of 0.15. Dollar General Co. has a 12 month low of $101.09 and a 12 month high of $222.99. The firm has a market capitalization of $33.85 billion, a PE ratio of 20.40, a P/E/G ratio of 2.67 and a beta of 0.41. The company’s 50 day simple moving average is $142.98 and its 200-day simple moving average is $129.36.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, March 14th. The company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.09. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The firm had revenue of $9.86 billion for the quarter, compared to analysts’ expectations of $9.77 billion. During the same quarter in the prior year, the firm earned $2.96 EPS. Dollar General’s quarterly revenue was down 3.4% on a year-over-year basis. Equities analysts expect that Dollar General Co. will post 7.33 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Monday, April 8th. Dollar General’s payout ratio is 31.22%.

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.