Brown Brothers Harriman & Co. Cuts Stock Position in Dollar General Co. (NYSE:DG)

Brown Brothers Harriman & Co. decreased its holdings in shares of Dollar General Co. (NYSE:DG) by 17.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,833 shares of the company’s stock after selling 375 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Dollar General were worth $139,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. First Eagle Investment Management LLC bought a new position in shares of Dollar General in the 4th quarter valued at about $399,433,000. ACR Alpine Capital Research LLC raised its position in Dollar General by 8,426.1% during the fourth quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company’s stock valued at $306,424,000 after purchasing an additional 3,994,070 shares during the period. Norges Bank bought a new stake in shares of Dollar General in the 4th quarter valued at approximately $140,421,000. Pzena Investment Management LLC boosted its holdings in shares of Dollar General by 14.9% in the 4th quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company’s stock worth $892,199,000 after purchasing an additional 1,528,450 shares during the period. Finally, State Street Corp increased its position in shares of Dollar General by 8.3% during the 3rd quarter. State Street Corp now owns 9,958,704 shares of the company’s stock valued at $842,208,000 after purchasing an additional 759,869 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Dollar General Stock Performance

Shares of Dollar General stock opened at $87.67 on Wednesday. The firm has a market capitalization of $19.28 billion, a P/E ratio of 14.44, a PEG ratio of 2.18 and a beta of 0.44. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $164.12. 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 company has a 50 day moving average price of $76.83 and a 200 day moving average price of $77.88.

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

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Tuesday, April 8th. Dollar General’s payout ratio is 46.18%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on DG shares. Wells Fargo & Company cut their price objective on shares of Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 5th. Piper Sandler increased their price objective on shares of Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a research report on Friday, March 14th. Evercore ISI dropped their target price 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. UBS Group cut their target price on Dollar General from $108.00 to $95.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $80.00 price target (down from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. One research 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus 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.