Navalign LLC Decreases Stock Position in Dollar General Co. (NYSE:DG)

Navalign LLC lowered its stake in Dollar General Co. (NYSE:DG) by 15.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,540 shares of the company’s stock after selling 661 shares during the period. Navalign LLC’s holdings in Dollar General were worth $481,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. SevenOneSeven Capital Management boosted its position in Dollar General by 5.4% during the 2nd quarter. SevenOneSeven Capital Management now owns 1,257 shares of the company’s stock valued at $207,000 after acquiring an additional 64 shares in the last quarter. Fiduciary Trust Co. boosted its position in shares of Dollar General by 0.7% in the 1st quarter. Fiduciary Trust Co. now owns 8,868 shares of the company’s stock worth $1,866,000 after purchasing an additional 64 shares in the last quarter. Kinneret Advisory LLC boosted its position in shares of Dollar General by 2.3% in the 1st quarter. Kinneret Advisory LLC now owns 2,906 shares of the company’s stock worth $647,000 after purchasing an additional 65 shares in the last quarter. Cito Capital Group LLC boosted its position in shares of Dollar General by 2.5% in the 1st quarter. Cito Capital Group LLC now owns 3,100 shares of the company’s stock worth $652,000 after purchasing an additional 75 shares in the last quarter. Finally, Evergreen Capital Management LLC boosted its stake in Dollar General by 7.6% during the 4th quarter. Evergreen Capital Management LLC now owns 1,160 shares of the company’s stock valued at $286,000 after purchasing an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on DG. Wells Fargo & Company lifted their price objective on Dollar General from $125.00 to $155.00 and gave the stock an “equal weight” rating in a report on Friday, March 15th. StockNews.com raised shares of Dollar General from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. The Goldman Sachs Group increased their target price on shares of Dollar General from $147.00 to $169.00 and gave the stock a “buy” rating in a report on Friday, March 15th. BMO Capital Markets upped their price target 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. Finally, Evercore ISI upped their price target on Dollar General from $158.00 to $162.00 and gave the stock an “in-line” rating in a research note on Tuesday. Fifteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $153.04.

Dollar General Stock Up 1.3 %

DG stock traded up $2.03 during trading on Thursday, reaching $156.24. 1,807,437 shares of the company traded hands, compared to its average volume of 2,423,151. Dollar General Co. has a 12 month low of $101.09 and a 12 month high of $222.99. The business has a 50 day simple moving average of $143.33 and a 200 day simple moving average of $129.53. The company has a market capitalization of $34.32 billion, a price-to-earnings ratio of 20.67, a price-to-earnings-growth ratio of 2.69 and a beta of 0.41. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.15 and a current ratio of 1.19.

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, 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 the consensus estimate of $9.77 billion. During the same quarter last year, the company earned $2.96 earnings per share. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, equities research analysts anticipate that Dollar General Co. will post 7.3 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.51%. The ex-dividend date is Monday, April 8th. Dollar General’s dividend payout ratio is presently 31.22%.

Dollar General Company 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.