Thoroughbred Financial Services LLC Has $223,000 Position in Dollar General Co. (NYSE:DG)

Thoroughbred Financial Services LLC lessened its holdings in Dollar General Co. (NYSE:DG) by 23.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,954 shares of the company’s stock after selling 883 shares during the period. Thoroughbred Financial Services LLC’s holdings in Dollar General were worth $223,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Deseret Mutual Benefit Administrators boosted its position in Dollar General by 8.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company’s stock worth $143,000 after acquiring an additional 150 shares during the period. Bruce G. Allen Investments LLC boosted its holdings in shares of Dollar General by 20.3% during the fourth quarter. Bruce G. Allen Investments LLC now owns 953 shares of the company’s stock worth $72,000 after purchasing an additional 161 shares during the period. Peoples Bank KS grew its position in Dollar General by 19.1% during the fourth quarter. Peoples Bank KS now owns 1,435 shares of the company’s stock valued at $109,000 after purchasing an additional 230 shares in the last quarter. Metis Global Partners LLC increased its stake in Dollar General by 3.6% in the 4th quarter. Metis Global Partners LLC now owns 7,297 shares of the company’s stock valued at $553,000 after buying an additional 255 shares during the period. Finally, Venturi Wealth Management LLC lifted its position in Dollar General by 126.4% in the 4th quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock worth $38,000 after buying an additional 278 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Price Performance

Shares of NYSE:DG opened at $92.11 on Tuesday. The business’s 50 day moving average is $78.47 and its 200-day moving average is $78.06. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $20.26 billion, a PE ratio of 15.18, a PEG ratio of 2.18 and a beta of 0.40. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $159.52.

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

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.56%. 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 firms have recently weighed in on DG. Piper Sandler upped their price target on shares of Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a research note on Friday, March 14th. Barclays dropped their target price on Dollar General from $102.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, January 9th. UBS Group lowered their price target on Dollar General from $108.00 to $95.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Morgan Stanley cut 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 research report on Tuesday, January 21st. Finally, Gordon Haskett downgraded shares of Dollar General from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Sixteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $93.65.

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.