Dollar General Co. (NYSE:DG) Position Trimmed by Family Legacy Inc.

Family Legacy Inc. lowered its stake in Dollar General Co. (NYSE:DG) by 18.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,644 shares of the company’s stock after selling 1,069 shares during the period. Family Legacy Inc.’s holdings in Dollar General were worth $333,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of DG. Alliancebernstein L.P. boosted its position in shares of Dollar General by 1.4% in the 4th quarter. Alliancebernstein L.P. now owns 270,005 shares of the company’s stock valued at $20,472,000 after purchasing an additional 3,812 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Dollar General by 4.5% in the fourth quarter. Wellington Management Group LLP now owns 32,507 shares of the company’s stock worth $2,465,000 after buying an additional 1,410 shares during the period. Inkwell Capital LLC purchased a new position in shares of Dollar General in the fourth quarter worth approximately $1,116,000. Brandywine Global Investment Management LLC raised its holdings in shares of Dollar General by 64.7% during the fourth quarter. Brandywine Global Investment Management LLC now owns 1,354,248 shares of the company’s stock valued at $102,679,000 after acquiring an additional 531,884 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Dollar General by 821.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 696,946 shares of the company’s stock valued at $52,842,000 after acquiring an additional 621,299 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Performance

NYSE:DG opened at $86.03 on Monday. 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’s 50-day moving average is $76.12 and its 200-day moving average is $77.83. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $164.12. The company has a market cap of $18.92 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 2.18 and a beta of 0.44.

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

Dollar General Dividend Announcement

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

Insider Activity at Dollar General

In related news, 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 $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 available through this hyperlink. 0.49% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Barclays cut 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. Citigroup lowered their price objective on shares of Dollar General from $73.00 to $69.00 and set a “sell” rating on the stock in a research report on Friday, March 7th. Evercore ISI cut their price objective on Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a report on Tuesday, December 3rd. Piper Sandler upped their target price on Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a research report on Friday, March 14th. Finally, Morgan Stanley reduced their price target on Dollar General from $100.00 to $80.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. One investment 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. Based on data from MarketBeat, Dollar General currently has an average rating of “Hold” and an average price target of $92.26.

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.