Capital Investment Counsel Inc Raises Stock Holdings in Dollar General Co. (NYSE:DG)

Capital Investment Counsel Inc grew its stake in Dollar General Co. (NYSE:DG) by 33.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 37,273 shares of the company’s stock after buying an additional 9,402 shares during the period. Capital Investment Counsel Inc’s holdings in Dollar General were worth $2,826,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of DG. Wilmington Savings Fund Society FSB purchased a new stake in Dollar General in the third quarter worth about $33,000. Bogart Wealth LLC grew its position in shares of Dollar General by 279.8% during the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock worth $37,000 after purchasing an additional 361 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of Dollar General by 126.4% during the fourth quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock worth $38,000 after purchasing an additional 278 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of Dollar General during the fourth quarter worth about $39,000. Finally, Kentucky Trust Co purchased a new stake in shares of Dollar General during the fourth quarter worth about $48,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

DG has been the subject of several research analyst reports. Morgan Stanley cut their target price on Dollar General from $100.00 to $80.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Truist Financial cut their target price on Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a research report on Friday, December 6th. The Goldman Sachs Group cut their target price on Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Bernstein Bank cut their target price on Dollar General from $98.00 to $94.00 in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. dropped their price target on Dollar General from $97.00 to $82.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Dollar General has a consensus rating of “Hold” and a consensus price target of $96.77.

Insider Transactions at Dollar General

In other news, EVP Emily C. Taylor sold 4,740 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $77.44, for a total value of $367,065.60. Following the sale, the executive vice president now directly owns 15,575 shares in the company, valued at approximately $1,206,128. This represents a 23.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael M. Calbert sold 6,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 120,322 shares in the company, valued at approximately $9,056,636.94. The trade was a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Dollar General Price Performance

NYSE:DG opened at $76.16 on Friday. The firm has a market capitalization of $16.75 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 2.15 and a beta of 0.43. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $168.07. The business has a 50 day simple moving average of $73.27 and a 200-day simple moving average of $83.28. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15.

Dollar General (NYSE:DG) last posted its quarterly earnings data 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). The company had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. Dollar General’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.26 earnings per share. Equities analysts forecast that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were issued a $0.59 dividend. 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%.

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.