Dollar General Co. (NYSE:DG) Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC lowered its stake in shares of Dollar General Co. (NYSE:DG) by 35.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 91,240 shares of the company’s stock after selling 50,752 shares during the period. Sterling Capital Management LLC’s holdings in Dollar General were worth $6,918,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Nomura Asset Management Co. Ltd. increased its position in Dollar General by 5.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 64,316 shares of the company’s stock worth $5,439,000 after purchasing an additional 3,493 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Dollar General by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 5,243,012 shares of the company’s stock worth $441,899,000 after buying an additional 182,300 shares during the last quarter. TD Private Client Wealth LLC raised its position in shares of Dollar General by 21.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 9,007 shares of the company’s stock valued at $762,000 after buying an additional 1,598 shares during the period. Anchor Investment Management LLC lifted its holdings in Dollar General by 8.3% in the third quarter. Anchor Investment Management LLC now owns 17,414 shares of the company’s stock valued at $1,473,000 after acquiring an additional 1,333 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Dollar General in the third quarter worth approximately $33,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Stock Up 2.3 %

Shares of NYSE:DG opened at $89.11 on Friday. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $153.82. The firm’s 50 day moving average price is $80.35 and its 200 day moving average price is $78.25. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The stock has a market cap of $19.60 billion, a price-to-earnings ratio of 14.68, a price-to-earnings-growth ratio of 2.18 and a beta of 0.40.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, beating 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 net margin of 3.33% and a return on equity of 18.85%. The company’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the business earned $1.83 EPS. As a group, equities research analysts predict that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders 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 dividend yield of 2.65%. Dollar General’s dividend payout ratio is currently 46.18%.

Insider Activity

In other news, EVP Emily C. Taylor sold 809 shares of the company’s stock in a transaction on Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the transaction, the executive vice president now owns 48,532 shares in the company, valued at approximately $4,596,951.04. This represents a 1.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on DG. Piper Sandler lifted their target price on Dollar General from $79.00 to $81.00 and gave the company a “neutral” rating in a research report on Friday, March 14th. The Goldman Sachs Group reduced their price objective on shares of Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Truist Financial increased their target price on shares of Dollar General from $76.00 to $93.00 and gave the stock a “hold” rating in a research note on Tuesday. Morgan Stanley reduced their price target on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Finally, UBS Group lowered their price objective on shares of Dollar General from $108.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Dollar General presently has a consensus rating of “Hold” and a consensus price target of $94.75.

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.