Associated Banc Corp Sells 20,337 Shares of Dollar General Co. (NYSE:DG)

Associated Banc Corp lessened its position in Dollar General Co. (NYSE:DG) by 85.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,586 shares of the company’s stock after selling 20,337 shares during the period. Associated Banc Corp’s holdings in Dollar General were worth $272,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in Dollar General in the 3rd quarter valued at $33,000. Providence First Trust Co bought a new position in shares of Dollar General in the fourth quarter valued at about $33,000. Bogart Wealth LLC lifted its stake in shares of Dollar General by 279.8% during the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock worth $37,000 after buying an additional 361 shares during the last quarter. OFI Invest Asset Management bought a new stake in shares of Dollar General during the 4th quarter worth about $37,000. Finally, Venturi Wealth Management LLC grew its stake in 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 buying an additional 278 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Stock Performance

Shares of Dollar General stock opened at $79.15 on Monday. The company’s 50 day moving average price is $73.69 and its two-hundred day moving average price is $77.74. The firm has a market capitalization of $17.41 billion, a P/E ratio of 13.04, a P/E/G ratio of 2.18 and a beta of 0.44. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $164.12.

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

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.36 annualized dividend and a yield of 2.98%. Dollar General’s dividend payout ratio is presently 46.18%.

Insiders Place Their Bets

In other news, Director Michael M. Calbert sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the completion of the transaction, the director now directly owns 120,322 shares in the company, valued at $9,056,636.94. This trade represents a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on DG shares. Barclays reduced their price objective on Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, January 9th. Evercore ISI decreased their price objective on Dollar General from $97.00 to $95.00 and set an “in-line” rating on the stock in a report on Tuesday, December 3rd. Truist Financial reduced their target price on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a research report on Friday, December 6th. BMO Capital Markets raised their price target on shares of Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Finally, Bank of America decreased their target price on shares of Dollar General from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus 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.