Dollar General Co. (NYSE:DG) Shares Sold by Norinchukin Bank The

Norinchukin Bank The lessened its stake in shares of Dollar General Co. (NYSE:DG) by 2.4% during the fourth quarter, HoldingsChannel reports. The firm owned 7,757 shares of the company’s stock after selling 191 shares during the period. Norinchukin Bank The’s holdings in Dollar General were worth $588,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Dollar General by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 25,231,285 shares of the company’s stock valued at $1,913,036,000 after purchasing an additional 160,853 shares in the last quarter. Pzena Investment Management LLC grew its stake in shares of Dollar General by 14.9% during the fourth quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company’s stock valued at $892,199,000 after acquiring an additional 1,528,450 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Dollar General by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 5,361,216 shares of the company’s stock worth $405,425,000 after acquiring an additional 118,204 shares during the last quarter. First Eagle Investment Management LLC acquired a new position in shares of Dollar General in the fourth quarter worth about $399,433,000. Finally, ACR Alpine Capital Research LLC boosted its holdings in Dollar General by 8,426.1% in 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 last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $80.00 price objective (down from $90.00) on shares of Dollar General in a report on Monday, March 3rd. Piper Sandler upped their price target on shares of Dollar General from $79.00 to $81.00 and gave the company a “neutral” rating in a report on Friday, March 14th. Morgan Stanley decreased their price objective on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Telsey Advisory Group restated a “market perform” rating and issued a $85.00 target price on shares of Dollar General in a research note on Thursday, March 13th. Finally, Barclays decreased their price target on Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $94.75.

Insider Buying and Selling

In other news, EVP Emily C. Taylor sold 809 shares of Dollar General stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the transaction, the executive vice president now owns 48,532 shares of the company’s stock, valued at $4,596,951.04. The trade was a 1.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.49% of the stock is owned by corporate insiders.

Dollar General Stock Up 1.3 %

Dollar General stock opened at $96.81 on Wednesday. The company’s 50-day moving average price is $83.03 and its two-hundred day moving average price is $78.63. The stock has a market cap of $21.29 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 2.18 and a beta of 0.40. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $147.87. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, March 13th. The company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.17. The business 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 last year, the business earned $1.83 earnings per share. On average, analysts expect that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.44%. Dollar General’s dividend payout ratio (DPR) is 46.18%.

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.