Arizona State Retirement System trimmed its holdings in Dollar General Co. (NYSE:DG – Free Report) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,748 shares of the company’s stock after selling 337 shares during the period. Arizona State Retirement System’s holdings in Dollar General were worth $8,395,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also made changes to their positions in DG. Resurgent Financial Advisors LLC purchased a new stake in shares of Dollar General in the second quarter worth about $25,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Dollar General during the fourth quarter valued at approximately $25,000. Studio Investment Management LLC purchased a new stake in Dollar General during the third quarter valued at approximately $26,000. First Manhattan Co. raised its position in Dollar General by 447.4% during the fourth quarter. First Manhattan Co. now owns 104 shares of the company’s stock valued at $26,000 after purchasing an additional 85 shares during the period. Finally, Financial Freedom LLC purchased a new stake in Dollar General during the fourth quarter valued at approximately $26,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
DG has been the topic of a number of recent research reports. Wells Fargo & Company upped their price objective on Dollar General from $125.00 to $155.00 and gave the company an “equal weight” rating in a research report on Friday, March 15th. Oppenheimer restated a “market perform” rating on shares of Dollar General in a research report on Wednesday, March 6th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $170.00 target price on shares of Dollar General in a research note on Tuesday, April 2nd. Piper Sandler reaffirmed a “neutral” rating and set a $147.00 target price (up previously from $127.00) on shares of Dollar General in a research note on Friday, March 15th. Finally, Evercore ISI cut their target price on Dollar General from $162.00 to $160.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 2nd. Fifteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Dollar General presently has an average rating of “Hold” and a consensus price target of $152.96.
Read Our Latest Research Report on Dollar General
Dollar General Stock Up 0.3 %
Shares of NYSE DG opened at $159.55 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $35.05 billion, a PE ratio of 21.10, a price-to-earnings-growth ratio of 2.84 and a beta of 0.42. The stock’s fifty day simple moving average is $146.69 and its two-hundred day simple moving average is $131.42. Dollar General Co. has a 12-month low of $101.09 and a 12-month high of $222.99.
Dollar General (NYSE:DG – Get Free Report) last issued its quarterly earnings data on Thursday, March 14th. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.74 by $0.09. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The firm had revenue of $9.86 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same quarter in the prior year, the business posted $2.96 EPS. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, analysts expect that Dollar General Co. will post 7.28 EPS for the current fiscal year.
Dollar General Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 1.48%. Dollar General’s dividend payout ratio is presently 31.22%.
Insider Activity
In other 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 completion of the sale, the executive vice president now owns 28,579 shares in the company, valued at approximately $4,636,371.17. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.60% 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.
Further Reading
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