Metis Global Partners LLC Sells 617 Shares of Dollar General Co. (NYSE:DG)

Metis Global Partners LLC lowered its holdings in shares of Dollar General Co. (NYSE:DG) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,083 shares of the company’s stock after selling 617 shares during the quarter. Metis Global Partners LLC’s holdings in Dollar General were worth $1,235,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its position in Dollar General by 18.9% during the third quarter. Vanguard Group Inc. now owns 21,711,407 shares of the company’s stock valued at $2,297,067,000 after purchasing an additional 3,457,393 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Dollar General by 2.8% in the 3rd quarter. Northern Trust Corp now owns 2,346,674 shares of the company’s stock worth $248,278,000 after acquiring an additional 62,913 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Dollar General by 98.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,106,653 shares of the company’s stock worth $222,884,000 after acquiring an additional 1,043,141 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Dollar General by 44.2% in the 3rd quarter. Invesco Ltd. now owns 1,572,721 shares of the company’s stock worth $166,394,000 after acquiring an additional 481,881 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Dollar General by 78.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,426,318 shares of the company’s stock worth $150,904,000 after acquiring an additional 627,844 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Morgan Stanley raised their target price on shares of Dollar General from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. BMO Capital Markets raised their target price on shares of Dollar General from $130.00 to $160.00 and gave the stock a “market perform” rating in a report on Friday, March 15th. Oppenheimer restated a “market perform” rating on shares of Dollar General in a report on Wednesday, March 6th. JPMorgan Chase & Co. raised their price target on shares of Dollar General from $158.00 to $161.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. Finally, Truist Financial raised their price target on shares of Dollar General from $125.00 to $140.00 and gave the stock a “hold” rating in a research note on Friday, March 15th. Fifteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $153.08.

Dollar General Trading Down 1.7 %

NYSE DG opened at $137.53 on Thursday. Dollar General Co. has a one year low of $101.09 and a one year high of $221.50. The company has a market capitalization of $30.21 billion, a price-to-earnings ratio of 18.19, a price-to-earnings-growth ratio of 2.46 and a beta of 0.44. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.15 and a current ratio of 1.19. The company’s 50-day simple moving average is $149.93 and its two-hundred day simple moving average is $137.15.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, March 14th. The company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.09. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The business had revenue of $9.86 billion for the quarter, compared to analysts’ expectations of $9.77 billion. During the same period last year, the business earned $2.96 EPS. The company’s revenue was down 3.4% compared to the same quarter last year. Equities analysts forecast that Dollar General Co. will post 7.28 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Monday, April 8th. Dollar General’s dividend payout ratio is currently 31.22%.

Insider Activity

In related news, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the sale, the director now directly owns 3,248 shares in the company, valued at approximately $505,778.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the sale, the director now directly owns 3,248 shares in the company, valued at approximately $505,778.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of the sale, the executive vice president now owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Dollar General 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.