Kestra Investment Management LLC Takes $83,000 Position in Dollar General Co. (NYSE:DG)

Kestra Investment Management LLC acquired a new stake in shares of Dollar General Co. (NYSE:DG) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,096 shares of the company’s stock, valued at approximately $83,000.

Several other institutional investors and hedge funds have also bought and sold shares of DG. Wilmington Savings Fund Society FSB acquired a new stake in Dollar General during the 3rd quarter valued at approximately $33,000. Bogart Wealth LLC lifted its stake in Dollar General by 279.8% during the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock valued at $37,000 after acquiring an additional 361 shares during the period. Venturi Wealth Management LLC lifted its stake in Dollar General by 126.4% during the 4th quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock valued at $38,000 after acquiring an additional 278 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in shares of Dollar General during the 4th quarter valued at approximately $39,000. Finally, Kentucky Trust Co purchased a new position in shares of Dollar General during the 4th quarter valued at approximately $48,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Emily C. Taylor sold 4,740 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $77.44, for a total transaction of $367,065.60. Following the completion of the transaction, the executive vice president now directly owns 15,575 shares in the company, valued at $1,206,128. The trade was a 23.33 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Dollar General Trading Up 0.7 %

Shares of DG opened at $76.16 on Friday. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $168.07. 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 firm’s fifty day moving average is $73.27 and its two-hundred day moving average is $83.28. The stock has a market cap of $16.75 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 2.15 and a beta of 0.43.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (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 for the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the firm earned $1.26 EPS. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. Research analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders 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 dividend yield of 3.10%. Dollar General’s payout ratio is 38.88%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DG. Bernstein Bank cut their target price on shares of Dollar General from $98.00 to $94.00 in a report on Friday, November 15th. Barclays cut their target price 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. Truist Financial cut their target price on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a report on Friday, December 6th. Morgan Stanley cut 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 report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. cut their target price on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Dollar General currently has an average rating of “Hold” and a consensus price target of $96.77.

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.