PFG Investments LLC Reduces Holdings in Dollar General Co. (NYSE:DG)

PFG Investments LLC lowered its stake in shares of Dollar General Co. (NYSE:DG) by 8.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,492 shares of the company’s stock after selling 323 shares during the quarter. PFG Investments LLC’s holdings in Dollar General were worth $545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. McGlone Suttner Wealth Management Inc. bought a new position in Dollar General in the fourth quarter worth $25,000. Studio Investment Management LLC bought a new position in shares of Dollar General in the 3rd quarter worth about $26,000. Burkett Financial Services LLC purchased a new position in Dollar General during the 4th quarter valued at about $26,000. Fortis Group Advisors LLC boosted its stake in Dollar General by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Finally, MV Capital Management Inc. grew its holdings in Dollar General by 78.0% in the fourth quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock worth $30,000 after purchasing an additional 96 shares during the period. 91.77% of the stock is owned by institutional investors.

Dollar General Stock Performance

Shares of DG traded down $0.92 during trading hours on Monday, hitting $141.15. The stock had a trading volume of 2,381,592 shares, compared to its average volume of 2,315,727. The firm has a market capitalization of $31.01 billion, a PE ratio of 18.67, a PEG ratio of 2.54 and a beta of 0.42. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.19 and a quick ratio of 0.15. Dollar General Co. has a 12 month low of $101.09 and a 12 month high of $221.50. The stock has a fifty day moving average price of $150.36 and a 200 day moving average price of $136.17.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, March 14th. The company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.09. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The firm had revenue of $9.86 billion for the quarter, compared to analysts’ expectations of $9.77 billion. During the same quarter in the prior year, the business earned $2.96 EPS. The business’s quarterly revenue was down 3.4% on a year-over-year basis. Analysts anticipate that Dollar General Co. will post 7.28 EPS for the current year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were issued a $0.59 dividend. The ex-dividend date was Monday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 1.67%. Dollar General’s dividend payout ratio is currently 31.22%.

Insider Activity at Dollar General

In related 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 transaction, the executive vice president now directly owns 28,579 shares in the company, valued at approximately $4,636,371.17. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Dollar General news, Director Ralph Santana sold 3,009 shares of the stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the sale, the director now owns 3,248 shares in the company, valued at approximately $505,778.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Carman R. Wenkoff sold 5,909 shares of the firm’s stock in a transaction dated 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 directly 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 owned by company insiders.

Analyst Upgrades and Downgrades

DG has been the subject of several recent research reports. Oppenheimer reiterated a “market perform” rating on shares of Dollar General in a report on Wednesday, March 6th. Argus boosted their target price on Dollar General from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. BMO Capital Markets increased their target price on Dollar General from $130.00 to $160.00 and gave the stock a “market perform” rating in a research note on Friday, March 15th. Truist Financial lifted their price target on Dollar General from $125.00 to $140.00 and gave the stock a “hold” rating in a research report on Friday, March 15th. Finally, Raymond James increased their price objective on shares of Dollar General from $150.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Fifteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $153.08.

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.