DekaBank Deutsche Girozentrale Cuts Stake in Dollar General Co. (NYSE:DG)

DekaBank Deutsche Girozentrale lowered its position in shares of Dollar General Co. (NYSE:DG) by 0.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 168,762 shares of the company’s stock after selling 165 shares during the period. DekaBank Deutsche Girozentrale owned about 0.08% of Dollar General worth $22,819,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DG. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Dollar General during the fourth quarter valued at $25,000. Studio Investment Management LLC purchased a new position in Dollar General in the third quarter valued at about $26,000. First Manhattan Co. grew its stake in Dollar General by 447.4% in the fourth quarter. First Manhattan Co. now owns 104 shares of the company’s stock valued at $26,000 after purchasing an additional 85 shares during the last quarter. Financial Freedom LLC purchased a new position in Dollar General in the fourth quarter valued at about $26,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Dollar General in the first quarter valued at about $28,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

DG has been the topic of several analyst reports. JPMorgan Chase & Co. upgraded Dollar General from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $120.00 to $158.00 in a research note on Tuesday, March 12th. Telsey Advisory Group reiterated an “outperform” rating and issued a $170.00 target price on shares of Dollar General in a research note on Tuesday, April 2nd. Truist Financial lifted their target price on Dollar General from $125.00 to $140.00 and gave the company a “hold” rating in a research note on Friday, March 15th. The Goldman Sachs Group lifted their target price on Dollar General from $147.00 to $169.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Finally, Evercore ISI lowered their price target on Dollar General from $162.00 to $160.00 and set an “in-line” rating for the company in a report on Tuesday, April 2nd. Fifteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $152.96.

Insider Activity at Dollar General

In related news, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of the transaction, the executive vice president now directly owns 28,579 shares in the company, valued at $4,636,371.17. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is owned by company insiders.

Dollar General Trading Up 0.3 %

Dollar General stock opened at $159.55 on Monday. The company has a quick ratio of 0.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.92. Dollar General Co. has a 52 week low of $101.09 and a 52 week high of $222.99. The company has a market capitalization of $35.05 billion, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 2.85 and a beta of 0.42. The stock has a 50-day moving average price of $146.69 and a 200 day moving average price of $131.53.

Dollar General (NYSE:DG) last released its earnings results on Thursday, March 14th. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.09. The firm had revenue of $9.86 billion during the quarter, compared to the consensus estimate of $9.77 billion. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The company’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.96 earnings per share. Sell-side analysts anticipate that Dollar General Co. will post 7.28 EPS for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 1.48%. The ex-dividend date is Monday, April 8th. Dollar General’s dividend payout ratio is currently 31.22%.

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.