Xponance Inc. Has $6.79 Million Stock Position in Dollar General Co. (NYSE:DG)

Xponance Inc. lessened its stake in shares of Dollar General Co. (NYSE:DG) by 1.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 49,943 shares of the company’s stock after selling 695 shares during the quarter. Xponance Inc.’s holdings in Dollar General were worth $6,790,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in DG. Fiduciary Trust Co. boosted its holdings in shares of Dollar General by 0.7% in the 1st quarter. Fiduciary Trust Co. now owns 8,868 shares of the company’s stock worth $1,866,000 after acquiring an additional 64 shares in the last quarter. SevenOneSeven Capital Management grew its holdings in shares of Dollar General by 5.4% during the second quarter. SevenOneSeven Capital Management now owns 1,257 shares of the company’s stock worth $207,000 after purchasing an additional 64 shares during the last quarter. Kinneret Advisory LLC increased its stake in shares of Dollar General by 2.3% in the first quarter. Kinneret Advisory LLC now owns 2,906 shares of the company’s stock valued at $647,000 after buying an additional 65 shares in the last quarter. Cito Capital Group LLC raised its holdings in shares of Dollar General by 2.5% in the first quarter. Cito Capital Group LLC now owns 3,100 shares of the company’s stock valued at $652,000 after buying an additional 75 shares during the last quarter. Finally, Evergreen Capital Management LLC lifted its position in Dollar General by 7.6% during the 4th quarter. Evergreen Capital Management LLC now owns 1,160 shares of the company’s stock worth $286,000 after buying an additional 82 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Truist Financial boosted their target price on shares of Dollar General from $125.00 to $140.00 and gave the stock a “hold” rating in a research note on Friday, March 15th. The Goldman Sachs Group increased their price objective on Dollar General from $147.00 to $169.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Telsey Advisory Group restated an “outperform” rating and set a $170.00 target price on shares of Dollar General in a research report on Tuesday, April 2nd. Oppenheimer reiterated a “market perform” rating on shares of Dollar General in a research report on Wednesday, March 6th. Finally, StockNews.com upgraded shares of Dollar General from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Fifteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dollar General currently has an average rating of “Hold” and a consensus target price of $153.08.

Dollar General Trading Down 0.6 %

DG opened at $144.82 on Friday. The firm’s fifty day simple moving average is $149.63 and its 200 day simple moving average is $134.15. The stock has a market capitalization of $31.81 billion, a P/E ratio of 19.16, a P/E/G ratio of 2.60 and a beta of 0.42. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92. Dollar General Co. has a 12 month low of $101.09 and a 12 month high of $222.99.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, March 14th. The company reported $1.83 earnings per share for the quarter, topping 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 company had revenue of $9.86 billion during the quarter, compared to analysts’ expectations of $9.77 billion. During the same period in the prior year, the firm earned $2.96 earnings per share. Dollar General’s revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, research analysts anticipate 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 $0.59 dividend. The ex-dividend date is Monday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.63%. Dollar General’s dividend payout ratio (DPR) is presently 31.22%.

Insider Transactions at Dollar General

In related news, Director Ralph Santana sold 3,009 shares of the firm’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the transaction, the director now owns 3,248 shares of the company’s stock, valued at $505,778.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Carman R. Wenkoff sold 5,909 shares of the company’s stock in a transaction that occurred 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 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 available at the SEC website. Also, Director Ralph Santana sold 3,009 shares of the stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the sale, the director now directly owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

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.