Lindbrook Capital LLC Has $156,000 Stock Position in Dollar General Co. (NYSE:DG)

Lindbrook Capital LLC increased its stake in Dollar General Co. (NYSE:DG) by 46.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,150 shares of the company’s stock after purchasing an additional 365 shares during the period. Lindbrook Capital LLC’s holdings in Dollar General were worth $156,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Comerica Bank bought a new position in shares of Dollar General in the third quarter worth $12,047,000. Prime Capital Investment Advisors LLC grew its position in Dollar General by 294.5% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 18,924 shares of the company’s stock valued at $2,573,000 after acquiring an additional 14,127 shares during the last quarter. International Assets Investment Management LLC bought a new position in Dollar General in the fourth quarter valued at about $18,861,000. Professional Advisory Services Inc. grew its position in Dollar General by 12.6% in the fourth quarter. Professional Advisory Services Inc. now owns 150,960 shares of the company’s stock valued at $20,523,000 after acquiring an additional 16,899 shares during the last quarter. Finally, Live Oak Private Wealth LLC bought a new position in Dollar General in the third quarter valued at about $1,374,000. Institutional investors own 91.77% of the company’s stock.

Insider Buying and Selling at Dollar General

In other news, EVP Carman R. Wenkoff sold 5,909 shares of the business’s 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 sale, the executive vice president now owns 28,579 shares in the company, valued at $4,636,371.17. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Ralph Santana sold 3,009 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total transaction of $468,561.48. Following the completion of the sale, the director now owns 3,248 shares in the company, valued at $505,778.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Carman R. Wenkoff sold 5,909 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total value of $958,617.07. Following the sale, the executive vice president now owns 28,579 shares of the company’s stock, valued at approximately $4,636,371.17. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DG. Evercore ISI decreased their target price on Dollar General from $162.00 to $160.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 2nd. Oppenheimer reiterated a “market perform” rating on shares of Dollar General in a research report on Wednesday, March 6th. Piper Sandler reiterated a “neutral” rating and issued a $147.00 target price (up previously from $127.00) on shares of Dollar General in a research report on Friday, March 15th. Wells Fargo & Company lifted their target price on Dollar General from $125.00 to $155.00 and gave the company an “equal weight” rating in a research report on Friday, March 15th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $170.00 price target on shares of Dollar General in a research note on Tuesday, April 2nd. Fifteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $153.08.

Dollar General Price Performance

Dollar General stock opened at $142.73 on Wednesday. Dollar General Co. has a one year low of $101.09 and a one year high of $222.99. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.19 and a quick ratio of 0.15. The stock’s 50 day moving average is $149.98 and its 200 day moving average is $135.07. The firm has a market cap of $31.35 billion, a P/E ratio of 18.88, a P/E/G ratio of 2.59 and a beta of 0.42.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, March 14th. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.09. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The firm had revenue of $9.86 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same period in the previous year, the firm earned $2.96 earnings per share. The company’s revenue was down 3.4% compared to the same quarter last year. As a group, research analysts expect that Dollar General Co. will post 7.28 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.65%. The ex-dividend date was Monday, April 8th. Dollar General’s dividend payout ratio (DPR) is presently 31.22%.

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.