Simplicity Solutions LLC Sells 295 Shares of Dollar General Co. (NYSE:DG)

Simplicity Solutions LLC lessened its stake in shares of Dollar General Co. (NYSE:DG) by 8.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,258 shares of the company’s stock after selling 295 shares during the quarter. Simplicity Solutions LLC’s holdings in Dollar General were worth $443,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. D.A. Davidson & CO. grew its stake in shares of Dollar General by 21.6% in the first quarter. D.A. Davidson & CO. now owns 1,034 shares of the company’s stock worth $230,000 after purchasing an additional 184 shares during the last quarter. Dakota Wealth Management bought a new stake in shares of Dollar General in the first quarter worth $474,000. Baird Financial Group Inc. grew its stake in shares of Dollar General by 26.3% in the first quarter. Baird Financial Group Inc. now owns 58,834 shares of the company’s stock worth $13,098,000 after purchasing an additional 12,262 shares during the last quarter. Covestor Ltd grew its stake in shares of Dollar General by 156.4% in the first quarter. Covestor Ltd now owns 418 shares of the company’s stock worth $93,000 after purchasing an additional 255 shares during the last quarter. Finally, Mackenzie Financial Corp grew its stake in shares of Dollar General by 17.7% in the first quarter. Mackenzie Financial Corp now owns 71,629 shares of the company’s stock worth $15,947,000 after purchasing an additional 10,773 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Dollar General Stock Up 0.8 %

DG stock opened at $145.68 on Friday. Dollar General Co. has a twelve month low of $101.09 and a twelve month high of $222.99. The company has a quick ratio of 0.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.92. The stock’s 50 day moving average is $149.44 and its 200-day moving average is $133.86. The firm has a market capitalization of $32.00 billion, a PE ratio of 19.27, a P/E/G ratio of 2.59 and a beta of 0.42.

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

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.62%. Dollar General’s dividend payout ratio is presently 31.22%.

Insider Buying and Selling

In related news, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction 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 sale, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction 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 sale, the director now directly owns 3,248 shares in the company, valued at $505,778.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction on Thursday, April 4th. The stock was 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 in the company, valued at $4,636,371.17. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DG. BMO Capital Markets boosted their price objective on shares of Dollar General from $130.00 to $160.00 and gave the stock a “market perform” rating in a research note on Friday, March 15th. Piper Sandler restated a “neutral” rating and issued a $147.00 target price (up previously from $127.00) on shares of Dollar General in a report on Friday, March 15th. Morgan Stanley boosted their target price on shares of Dollar General from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Evercore ISI dropped their target price on shares of Dollar General from $162.00 to $160.00 and set an “in-line” rating on the stock in a report on Tuesday, April 2nd. Finally, Wells Fargo & Company boosted their target price on shares of Dollar General from $125.00 to $155.00 and gave the company an “equal weight” rating in a report on Friday, March 15th. Fifteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $153.08.

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.