Independence Bank of Kentucky Sells 1,745 Shares of Dollar General Co. (NYSE:DG)

Independence Bank of Kentucky reduced its position in Dollar General Co. (NYSE:DGFree Report) by 14.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,471 shares of the company’s stock after selling 1,745 shares during the quarter. Independence Bank of Kentucky’s holdings in Dollar General were worth $1,424,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Resurgent Financial Advisors LLC bought a new position in shares of Dollar General during the second quarter valued at $25,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Dollar General during the fourth quarter valued at $25,000. Studio Investment Management LLC bought a new position in shares of Dollar General during the third quarter valued at $26,000. First Manhattan Co. lifted its holdings in shares of Dollar General by 447.4% during the fourth quarter. First Manhattan Co. now owns 104 shares of the company’s stock valued at $26,000 after acquiring an additional 85 shares during the period. Finally, Financial Freedom LLC bought a new position in shares of Dollar General during the fourth quarter valued at $26,000. 91.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on DG shares. Piper Sandler reissued a “neutral” rating and set a $147.00 price objective (up from $127.00) on shares of Dollar General in a report on Friday, March 15th. Wells Fargo & Company lifted their price objective on Dollar General from $125.00 to $155.00 and gave the company an “equal weight” rating in a report on Friday, March 15th. Truist Financial raised their target price on Dollar General from $125.00 to $140.00 and gave the company a “hold” rating in a research note on Friday, March 15th. Oppenheimer restated a “market perform” rating on shares of Dollar General in a research note on Wednesday, March 6th. Finally, Morgan Stanley raised their target price on Dollar General from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. Fifteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Dollar General has an average rating of “Hold” and a consensus target price of $152.96.

Check Out Our Latest Stock Report on DG

Dollar General Price Performance

Dollar General stock opened at $159.18 on Thursday. The firm has a market capitalization of $34.97 billion, a P/E ratio of 21.06, a PEG ratio of 2.81 and a beta of 0.42. Dollar General Co. has a 1 year low of $101.09 and a 1 year high of $222.99. The business has a 50-day moving average of $145.08 and a 200-day moving average of $130.59. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92.

Dollar General (NYSE:DGGet Free Report) last posted its earnings results on Thursday, March 14th. The company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.09. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The company had revenue of $9.86 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same period in the previous year, the company earned $2.96 EPS. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, equities analysts anticipate that Dollar General Co. will post 7.28 EPS for the current year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th will be given a $0.59 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.36 annualized dividend and a yield of 1.48%. Dollar General’s dividend payout ratio is presently 31.22%.

Dollar General Company Profile

(Free Report)

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.

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

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