Concurrent Investment Advisors LLC Grows Position in Dollar General Co. (NYSE:DG)

Concurrent Investment Advisors LLC increased its position in shares of Dollar General Co. (NYSE:DG) by 45.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,390 shares of the company’s stock after buying an additional 1,993 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Dollar General were worth $485,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Metis Global Partners LLC grew its stake in shares of Dollar General by 2.0% in the 3rd quarter. Metis Global Partners LLC now owns 7,042 shares of the company’s stock valued at $596,000 after purchasing an additional 135 shares during the last quarter. Empirical Finance LLC grew its stake in shares of Dollar General by 2.0% in the 3rd quarter. Empirical Finance LLC now owns 7,768 shares of the company’s stock valued at $657,000 after purchasing an additional 153 shares during the last quarter. Bruce G. Allen Investments LLC grew its stake in shares of Dollar General by 20.3% in the 4th quarter. Bruce G. Allen Investments LLC now owns 953 shares of the company’s stock valued at $72,000 after purchasing an additional 161 shares during the last quarter. Peoples Bank KS grew its stake in shares of Dollar General by 19.1% in the 4th quarter. Peoples Bank KS now owns 1,435 shares of the company’s stock valued at $109,000 after purchasing an additional 230 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its stake in shares of Dollar General by 126.4% in the 4th quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock valued at $38,000 after purchasing an additional 278 shares during the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. BMO Capital Markets lifted their target price on Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Wells Fargo & Company lowered their target price on Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 5th. Barclays reduced their price target on Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, January 9th. Gordon Haskett cut Dollar General from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Truist Financial reduced their price target on Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $96.77.

Dollar General Stock Performance

Shares of DG stock opened at $79.12 on Tuesday. The stock has a fifty day moving average price of $73.34 and a 200 day moving average price of $82.15. The stock has a market cap of $17.40 billion, a PE ratio of 13.04, a P/E/G ratio of 2.18 and a beta of 0.43. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $168.07. 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 released its quarterly 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 return on equity of 18.85% and a net margin of 3.33%. The company had revenue of $10.18 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the firm earned $1.26 earnings per share. The business’s revenue was up 5.0% compared to the same quarter last year. Sell-side analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.98%. Dollar General’s dividend payout ratio (DPR) is 38.88%.

Insider Transactions at Dollar General

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

About Dollar General

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.