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

Sterling Capital Management LLC reduced its position in Dollar General Co. (NYSE:DG) by 35.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 91,240 shares of the company’s stock after selling 50,752 shares during the quarter. Sterling Capital Management LLC’s holdings in Dollar General were worth $6,918,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. IMG Wealth Management Inc. acquired a new position in Dollar General in the 4th quarter valued at about $25,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Dollar General in the third quarter valued at approximately $33,000. Providence First Trust Co purchased a new stake in shares of Dollar General during the fourth quarter worth approximately $33,000. Bogart Wealth LLC lifted its holdings in shares of Dollar General by 279.8% during the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock worth $37,000 after purchasing an additional 361 shares during the period. Finally, Venturi Wealth Management LLC increased 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 period. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on DG shares. Morgan Stanley reduced their target price on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. The Goldman Sachs Group dropped their target price on Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Piper Sandler raised their price target on Dollar General from $79.00 to $81.00 and gave the company a “neutral” rating in a report on Friday, March 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $80.00 price objective (down previously from $90.00) on shares of Dollar General in a report on Monday, March 3rd. Finally, Bank of America reduced their target price on Dollar General from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, March 14th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $94.75.

Dollar General Stock Up 2.3 %

DG opened at $89.11 on Friday. The firm has a market cap of $19.60 billion, a P/E ratio of 14.68, a PEG ratio of 2.18 and a beta of 0.40. The business’s fifty day simple moving average is $80.35 and its 200 day simple moving average is $78.25. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $153.82. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.17. The company had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the company earned $1.83 EPS. As a group, equities research analysts anticipate that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.65%. The ex-dividend date is Tuesday, April 8th. Dollar General’s dividend payout ratio (DPR) is 46.18%.

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.