111 Capital reduced its holdings in Dollar General Corporation (NYSE:DG – Free Report) by 72.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,427 shares of the company’s stock after selling 8,868 shares during the quarter. 111 Capital’s holdings in Dollar General were worth $455,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Fideuram Asset Management Ireland dac bought a new stake in shares of Dollar General in the 4th quarter worth approximately $25,000. Annis Gardner Whiting Capital Advisors LLC grew its position in shares of Dollar General by 69.3% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 193 shares of the company’s stock worth $26,000 after buying an additional 79 shares during the last quarter. Eastern Bank bought a new stake in shares of Dollar General during the fourth quarter valued at approximately $35,000. Flagship Harbor Advisors LLC bought a new stake in shares of Dollar General during the fourth quarter valued at approximately $36,000. Finally, Basepoint Wealth LLC bought a new stake in shares of Dollar General during the fourth quarter valued at approximately $39,000. 91.77% of the stock is currently owned by institutional investors.
Dollar General Stock Up 0.1%
Shares of NYSE:DG opened at $103.57 on Friday. The stock has a fifty day simple moving average of $113.86 and a two-hundred day simple moving average of $128.56. The stock has a market capitalization of $22.85 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 1.64 and a beta of 0.26. Dollar General Corporation has a 12-month low of $95.11 and a 12-month high of $158.23. The company has a current ratio of 1.17, a quick ratio of 0.22 and a debt-to-equity ratio of 0.52.
Dollar General Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, July 7th. This represents a $2.36 annualized dividend and a dividend yield of 2.3%. Dollar General’s payout ratio is currently 33.38%.
Wall Street Analyst Weigh In
DG has been the topic of several research reports. UBS Group restated a “buy” rating on shares of Dollar General in a research report on Wednesday, May 27th. Freedom Capital lowered Dollar General from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. Citigroup dropped their price target on Dollar General from $138.00 to $116.00 and set a “neutral” rating on the stock in a research report on Wednesday. Wall Street Zen lowered Dollar General from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $149.00 price target on shares of Dollar General in a research report on Wednesday. Ten equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $131.27.
Get Our Latest Analysis on Dollar General
Dollar General News Roundup
Here are the key news stories impacting Dollar General this week:
- Positive Sentiment: KeyCorp raised its earnings estimates for Dollar General, nudging expected profitability higher across upcoming quarters and signaling confidence in the company’s longer-term earnings power. Dollar General analyst estimate updates
- Positive Sentiment: Several analyst roundups highlighted Dollar General as a stock that analysts remain bullish on within consumer goods, suggesting some support from Wall Street despite recent volatility. Analysts Are Bullish on These Consumer Goods Stocks: Dollar General (DG), Philip Morris (PM)
- Positive Sentiment: Another analyst roundup again included Dollar General among consumer staples names receiving favorable views, reinforcing that some investors still see value in the shares. Analysts Are Bullish on These Consumer Goods Stocks: McCormick & Company (MKC), Dollar General (DG)
- Neutral Sentiment: MarketWatch said Dollar General underperformed its peers, indicating the stock is lagging competitor performance even if there is no new company-specific shock. Dollar General stock underperforms Thursday when compared to competitors
- Neutral Sentiment: Commentary around recent retail earnings suggests DG may be benefiting from value-conscious shoppers, but investors are still weighing that against cautious guidance and a weak broader retail sentiment. Why Walmart and Other Consumer Stocks Aren’t Getting the Gains They Deserve
- Negative Sentiment: Recent coverage noted that Dollar General’s stock has been weaker since its latest earnings report and that its cautious outlook is still weighing on sentiment. Dollar General’s Q1 Beat Driven By Cost Control As CEO Exit Looms
- Negative Sentiment: Dollar General also faced a cut in price target from Daiwa and a downgrade from Freedom Capital, which adds to pressure on the stock and suggests some analysts see limited near-term upside. Daiwa Securities price target adjustment on Dollar General
Dollar General Company Profile
Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.
Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.
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