Schroder Investment Management Group Sells 2,600 Shares of Dollar General Co. (NYSE:DG)

Schroder Investment Management Group reduced its holdings in Dollar General Co. (NYSE:DG) by 14.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,539 shares of the company’s stock after selling 2,600 shares during the quarter. Schroder Investment Management Group’s holdings in Dollar General were worth $1,176,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. IMG Wealth Management Inc. acquired a new position in Dollar General in the 4th quarter worth $25,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Dollar General in the third quarter valued at about $33,000. Providence First Trust Co acquired a new position in shares of Dollar General during the fourth quarter worth about $33,000. Bogart Wealth LLC grew its holdings in shares of Dollar General by 279.8% during the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock worth $37,000 after buying an additional 361 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new stake in Dollar General in the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Performance

NYSE DG opened at $92.82 on Monday. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $159.52. The stock has a market cap of $20.41 billion, a PE ratio of 15.29, a P/E/G ratio of 2.18 and a beta of 0.40. The firm has a 50-day moving average of $78.10 and a 200-day moving average of $78.02. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.17. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.26 billion. During the same period last year, the business posted $1.83 earnings per share. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General’s dividend payout ratio is 46.18%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Gordon Haskett downgraded Dollar General from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $80.00 target price (down previously from $90.00) on shares of Dollar General in a report on Monday, March 3rd. Barclays cut their price target on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, January 9th. Bank of America decreased their price objective on Dollar General from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, March 14th. Finally, The Goldman Sachs Group dropped their target price on Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $92.26.

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.