Avantax Advisory Services Inc. Buys 407 Shares of Dollar General Co. (NYSE:DG)

Avantax Advisory Services Inc. boosted its position in Dollar General Co. (NYSE:DGFree Report) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,557 shares of the company’s stock after acquiring an additional 407 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Dollar General were worth $1,299,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. acquired a new position in Dollar General in the 4th quarter worth about $25,000. Studio Investment Management LLC acquired a new stake in Dollar General during the 3rd quarter worth approximately $26,000. MV Capital Management Inc. grew its holdings in Dollar General by 78.0% during the 4th quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock worth $30,000 after acquiring an additional 96 shares during the last quarter. Covestor Ltd increased its position in Dollar General by 48.3% in the 3rd quarter. Covestor Ltd now owns 304 shares of the company’s stock valued at $33,000 after acquiring an additional 99 shares during the period. Finally, Lowe Wealth Advisors LLC acquired a new position in shares of Dollar General in the 4th quarter valued at about $33,000. 91.77% of the stock is currently owned by institutional investors.

Dollar General Price Performance

DG stock opened at $142.13 on Friday. 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 firm has a market cap of $31.22 billion, a P/E ratio of 18.80, a P/E/G ratio of 2.54 and a beta of 0.44. The firm’s fifty day moving average is $148.21 and its 200 day moving average is $138.26. Dollar General Co. has a 52 week low of $101.09 and a 52 week high of $218.36.

Dollar General (NYSE:DGGet Free Report) last announced its quarterly earnings results on Thursday, March 14th. The company reported $1.83 EPS for the quarter, topping 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 company had revenue of $9.86 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same quarter last year, the firm posted $2.96 earnings per share. The firm’s revenue was down 3.4% on a year-over-year basis. Research analysts predict that Dollar General Co. will post 7.28 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were given a $0.59 dividend. The ex-dividend date of this dividend was Monday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.66%. Dollar General’s dividend payout ratio is currently 31.22%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DG shares. Telsey Advisory Group restated an “outperform” rating and issued a $170.00 price target on shares of Dollar General in a report on Tuesday, April 2nd. Evercore ISI reduced their price objective on shares of Dollar General from $162.00 to $160.00 and set an “in-line” rating for the company in a report on Tuesday, April 2nd. StockNews.com upgraded Dollar General from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Truist Financial raised their price objective on Dollar General from $125.00 to $140.00 and gave the company a “hold” rating in a research note on Friday, March 15th. Finally, JPMorgan Chase & Co. upped their target price 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. Fifteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Dollar General has a consensus rating of “Hold” and an average target price of $153.08.

Check Out Our Latest Report on DG

Dollar General 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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