Dollar General Co. (NYSE:DG) Shares Sold by Stonegate Investment Group LLC

Stonegate Investment Group LLC reduced its holdings in Dollar General Co. (NYSE:DG) by 12.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,755 shares of the company’s stock after selling 381 shares during the quarter. Stonegate Investment Group LLC’s holdings in Dollar General were worth $209,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DG. Wilmington Savings Fund Society FSB acquired a new position in Dollar General during the third quarter worth $33,000. Quarry LP acquired a new position in Dollar General during the second quarter worth $46,000. Pathway Financial Advisers LLC raised its holdings in Dollar General by 30.6% during the second quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock worth $50,000 after purchasing an additional 88 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in Dollar General during the third quarter worth $57,000. Finally, Bruce G. Allen Investments LLC raised its holdings in Dollar General by 37.7% during the third quarter. Bruce G. Allen Investments LLC now owns 792 shares of the company’s stock worth $67,000 after purchasing an additional 217 shares during the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Price Performance

Shares of Dollar General stock opened at $72.04 on Thursday. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $168.07. The stock has a market capitalization of $15.84 billion, a P/E ratio of 11.87, a PEG ratio of 2.11 and a beta of 0.44. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The business’s fifty day moving average price is $74.84 and its 200 day moving average price is $88.51.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm had revenue of $10.18 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the business posted $1.26 EPS. Dollar General’s revenue was up 5.0% compared to the same quarter last year. As a group, research analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date was Tuesday, January 7th. Dollar General’s dividend payout ratio is presently 38.88%.

Insiders Place Their Bets

In other Dollar General news, EVP Emily C. Taylor sold 4,740 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $77.44, for a total transaction of $367,065.60. Following the transaction, the executive vice president now owns 15,575 shares in the company, valued at $1,206,128. The trade was a 23.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the completion of the transaction, the director now owns 120,322 shares in the company, valued at approximately $9,056,636.94. This trade represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DG. Truist Financial reduced their price objective on Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a report on Friday, December 6th. Bernstein Bank dropped their price target on Dollar General from $98.00 to $94.00 in a research report on Friday, November 15th. Gordon Haskett raised Dollar General from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Telsey Advisory Group dropped their price target on Dollar General from $103.00 to $90.00 and set a “market perform” rating for the company in a research report on Monday, December 2nd. Finally, Wells Fargo & Company dropped their price target on Dollar General from $90.00 to $80.00 and set an “equal weight” rating for the company in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Dollar General currently has an average rating of “Hold” and a consensus price target of $96.77.

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.