Absher Wealth Management LLC Has $1.80 Million Stock Holdings in Dollar General Co. (NYSE:DG)

Absher Wealth Management LLC grew its stake in shares of Dollar General Co. (NYSE:DG) by 204.2% during the 4th quarter, HoldingsChannel reports. The fund owned 23,710 shares of the company’s stock after acquiring an additional 15,915 shares during the period. Absher Wealth Management LLC’s holdings in Dollar General were worth $1,798,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Eagle Rock Investment Company LLC grew its position in Dollar General by 16.3% in the fourth quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company’s stock worth $2,186,000 after acquiring an additional 4,048 shares in the last quarter. 1834 Investment Advisors Co. bought a new stake in Dollar General in the third quarter worth $5,650,000. Leibman Financial Services Inc. acquired a new position in Dollar General during the fourth quarter worth $2,018,000. Lecap Asset Management Ltd. lifted its holdings in Dollar General by 231.6% in the 3rd quarter. Lecap Asset Management Ltd. now owns 37,462 shares of the company’s stock worth $3,168,000 after purchasing an additional 26,165 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Dollar General by 62.9% during the third quarter. Victory Capital Management Inc. now owns 166,574 shares of the company’s stock worth $14,087,000 after purchasing an additional 64,336 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Dollar General news, EVP Emily C. Taylor sold 4,740 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $77.44, for a total value of $367,065.60. Following the transaction, the executive vice president now directly owns 15,575 shares in the company, valued at approximately $1,206,128. This trade represents a 23.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction 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 owns 120,322 shares of the company’s stock, valued at approximately $9,056,636.94. The trade was a 4.75 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Dollar General Price Performance

NYSE:DG opened at $72.83 on Thursday. The firm has a market cap of $16.02 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 2.11 and a beta of 0.43. The company’s 50-day moving average price is $74.55 and its two-hundred day moving average price is $86.65. 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 Co. has a 12 month low of $66.43 and a 12 month high of $168.07.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The business had revenue of $10.18 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the firm earned $1.26 earnings per share. The firm’s revenue was up 5.0% compared to the same quarter last year. On average, equities analysts anticipate that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, January 7th. This represents a $2.36 annualized dividend and a yield of 3.24%. Dollar General’s dividend payout ratio (DPR) is 38.88%.

Wall Street Analysts Forecast Growth

DG has been the subject of a number of research analyst reports. Gordon Haskett lowered shares of Dollar General from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Evercore ISI reduced their price objective on Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a research report on Tuesday, December 3rd. HSBC dropped their target price on shares of Dollar General from $100.00 to $88.00 and set a “hold” rating on the stock in a research report on Friday, November 15th. Barclays reduced their price target on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, January 9th. Finally, Morgan Stanley dropped their price objective on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $96.77.

Dollar General 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.