City State Bank Sells 107 Shares of Dollar General Co. (NYSE:DG)

City State Bank lessened its position in Dollar General Co. (NYSE:DGFree Report) by 7.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,354 shares of the company’s stock after selling 107 shares during the period. City State Bank’s holdings in Dollar General were worth $184,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Cornerstone Wealth Management LLC purchased a new position in shares of Dollar General in the 4th quarter worth about $262,000. Nordea Investment Management AB grew its stake in shares of Dollar General by 2.3% in the 4th quarter. Nordea Investment Management AB now owns 17,664 shares of the company’s stock worth $2,402,000 after buying an additional 404 shares during the last quarter. Thrive Wealth Management LLC grew its stake in shares of Dollar General by 32.9% in the 4th quarter. Thrive Wealth Management LLC now owns 2,693 shares of the company’s stock worth $366,000 after buying an additional 667 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Dollar General by 127.4% in the 4th quarter. IFP Advisors Inc now owns 14,265 shares of the company’s stock worth $1,939,000 after buying an additional 7,992 shares during the last quarter. Finally, Coho Partners Ltd. grew its stake in shares of Dollar General by 4.7% in the 4th quarter. Coho Partners Ltd. now owns 1,163,051 shares of the company’s stock worth $158,117,000 after buying an additional 52,413 shares during the last quarter. Hedge funds and other institutional investors own 90.37% of the company’s stock.

Dollar General Price Performance

Shares of DG opened at $155.76 on Tuesday. Dollar General Co. has a 1-year low of $101.09 and a 1-year high of $222.99. The stock has a market cap of $34.19 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 2.86 and a beta of 0.41. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.19 and a quick ratio of 0.15. The firm has a fifty day moving average price of $140.89 and a 200 day moving average price of $128.29.

Dollar General (NYSE:DGGet Free Report) last announced its earnings results on Thursday, March 14th. The company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.09. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The business 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 company earned $2.96 earnings per share. The business’s revenue was down 3.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dollar General Co. will post 7.34 EPS for the current year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.52%. Dollar General’s dividend payout ratio (DPR) is 31.22%.

Analyst Ratings Changes

A number of research firms have recently issued reports on DG. Raymond James raised their price target on Dollar General from $150.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday. Piper Sandler restated a “neutral” rating and issued a $147.00 price target (up from $127.00) on shares of Dollar General in a research note on Friday. Citigroup raised their price target on Dollar General from $115.00 to $138.00 and gave the stock a “neutral” rating in a research note on Friday, December 8th. Wells Fargo & Company raised their price target on Dollar General from $125.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Truist Financial raised their target price on Dollar General from $125.00 to $140.00 and gave the stock a “hold” rating in a report on Friday. Fifteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $155.28.

View Our Latest Report on Dollar General

About Dollar General

(Free Report)

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.

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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