Prudential Financial Inc. Cuts Holdings in Dollar General Co. (NYSE:DG)

Prudential Financial Inc. reduced its position in Dollar General Co. (NYSE:DG) by 11.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,160 shares of the company’s stock after selling 16,695 shares during the period. Prudential Financial Inc. owned 0.06% of Dollar General worth $9,490,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. bought a new position in shares of Dollar General during the 4th quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB purchased a new stake in Dollar General during the third quarter valued at $33,000. Providence First Trust Co bought a new position in Dollar General during the fourth quarter valued at $33,000. Bogart Wealth LLC grew its stake in shares of Dollar General by 279.8% in the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock worth $37,000 after buying an additional 361 shares in the last quarter. Finally, OFI Invest Asset Management bought a new stake in shares of Dollar General in the 4th quarter worth about $37,000. 91.77% of the stock is owned by institutional investors.

Dollar General Price Performance

Shares of DG opened at $86.03 on Friday. The stock has a market capitalization of $18.92 billion, a PE ratio of 14.17, a PEG ratio of 2.18 and a beta of 0.44. The company has a 50 day moving average price of $76.12 and a 200-day moving average price of $77.85. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $164.12.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.17. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.26 billion. During the same quarter in the prior year, the business earned $1.83 earnings per share. Dollar General’s revenue was up 4.5% on a year-over-year basis. Equities analysts predict that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.36 annualized dividend and a yield of 2.74%. Dollar General’s dividend payout ratio (DPR) is presently 46.18%.

Insiders Place Their Bets

In other news, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total value of $451,620.00. Following the transaction, the director now owns 120,322 shares of the company’s stock, valued at $9,056,636.94. The trade was a 4.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.49% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $80.00 price target (down previously from $90.00) on shares of Dollar General in a research report on Monday, March 3rd. Bank of America cut their target price on Dollar General from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. Piper Sandler raised their price target on Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a research report on Friday, March 14th. Barclays reduced their target price on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, January 9th. Finally, Evercore ISI dropped their price target on shares of Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a research note on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Dollar General currently has an average rating of “Hold” and a consensus price target of $92.26.

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.