Dollar General Co. (NYSE:DG) Holdings Cut by Graham Capital Management L.P.

Graham Capital Management L.P. reduced its stake in Dollar General Co. (NYSE:DG) by 39.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 50,284 shares of the company’s stock after selling 32,399 shares during the quarter. Graham Capital Management L.P.’s holdings in Dollar General were worth $3,813,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in DG. IMG Wealth Management Inc. acquired a new position in Dollar General during the 4th quarter valued at about $25,000. Altshuler Shaham Ltd bought a new stake in shares of Dollar General during the fourth quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Dollar General during the third quarter worth approximately $33,000. Providence First Trust Co bought a new position in Dollar General in the 4th quarter worth approximately $33,000. Finally, Bogart Wealth LLC increased its position in Dollar General by 279.8% in the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock valued at $37,000 after acquiring an additional 361 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DG has been the topic of a number of research analyst reports. Gordon Haskett lowered Dollar General from a “hold” rating to a “reduce” rating in a report on Wednesday, April 9th. Truist Financial raised their target price on shares of Dollar General from $76.00 to $93.00 and gave the company a “hold” rating in a research note on Tuesday, April 8th. Melius raised shares of Dollar General from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research note on Tuesday, April 8th. Piper Sandler raised their price objective on shares of Dollar General from $79.00 to $81.00 and gave the company a “neutral” rating in a research note on Friday, March 14th. Finally, Citigroup upgraded Dollar General from a “sell” rating to a “neutral” rating and upped their target price for the stock from $69.00 to $101.00 in a research report on Monday, April 7th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $95.16.

Insider Transactions at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the business’s stock in a transaction dated Friday, April 4th. The stock was 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 in the company, valued at $4,596,951.04. The trade was a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.56% of the stock is currently owned by company insiders.

Dollar General Stock Performance

Shares of DG stock opened at $91.70 on Friday. The stock’s fifty day simple moving average is $87.67 and its 200-day simple moving average is $79.62. The company has a market capitalization of $20.17 billion, a price-to-earnings ratio of 15.11, a P/E/G ratio of 2.18 and a beta of 0.27. 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 Co. has a 1-year low of $66.43 and a 1-year high of $147.87.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.17. The company had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.26 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.83 EPS. On average, sell-side analysts predict that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.57%. The ex-dividend date was Tuesday, April 8th. Dollar General’s dividend payout ratio is currently 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.