EverSource Wealth Advisors LLC Sells 227 Shares of Dollar General Co. (NYSE:DG)

EverSource Wealth Advisors LLC trimmed its holdings in shares of Dollar General Co. (NYSE:DG) by 10.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,966 shares of the company’s stock after selling 227 shares during the period. EverSource Wealth Advisors LLC’s holdings in Dollar General were worth $149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DG. Pzena Investment Management LLC boosted its stake in shares of Dollar General by 14.9% during the fourth quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company’s stock valued at $892,199,000 after purchasing an additional 1,528,450 shares in the last quarter. State Street Corp lifted its holdings in Dollar General by 8.3% during the third quarter. State Street Corp now owns 9,958,704 shares of the company’s stock worth $842,208,000 after buying an additional 759,869 shares during the period. Geode Capital Management LLC boosted its position in Dollar General by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 5,243,012 shares of the company’s stock valued at $441,899,000 after acquiring an additional 182,300 shares in the last quarter. ACR Alpine Capital Research LLC increased its holdings in shares of Dollar General by 8,426.1% in the 4th quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company’s stock valued at $306,424,000 after acquiring an additional 3,994,070 shares during the period. Finally, Baupost Group LLC MA bought a new position in shares of Dollar General in the 3rd quarter worth $194,832,000. 91.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the sale, the director now directly owns 120,322 shares of the company’s stock, valued at approximately $9,056,636.94. This trade represents a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DG. Evercore ISI dropped their price objective on Dollar General from $97.00 to $95.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 3rd. Truist Financial cut their price objective on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a research report on Friday, December 6th. BMO Capital Markets raised their target price on shares of Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. The Goldman Sachs Group cut their price target 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. Finally, Barclays lowered their price objective on Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $92.26.

Dollar General Stock Performance

NYSE DG opened at $79.87 on Tuesday. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $164.12. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The firm has a market capitalization of $17.56 billion, a P/E ratio of 13.16, a PEG ratio of 2.18 and a beta of 0.44. The stock has a 50-day simple moving average of $73.77 and a two-hundred day simple moving average of $77.71.

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

Dollar General Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.95%. Dollar General’s payout ratio is 46.18%.

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.