Stevens Capital Management LP Decreases Stock Holdings in Dollar General Co. (NYSE:DG)

Stevens Capital Management LP lowered its position in shares of Dollar General Co. (NYSE:DG) by 63.8% in the 4th quarter, Holdings Channel reports. The fund owned 4,925 shares of the company’s stock after selling 8,698 shares during the period. Stevens Capital Management LP’s holdings in Dollar General were worth $670,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of DG. Lindbrook Capital LLC raised its stake in shares of Dollar General by 12.3% in the 3rd quarter. Lindbrook Capital LLC now owns 785 shares of the company’s stock valued at $83,000 after acquiring an additional 86 shares in the last quarter. ORG Partners LLC increased its holdings in Dollar General by 13.2% in the fourth quarter. ORG Partners LLC now owns 754 shares of the company’s stock valued at $103,000 after purchasing an additional 88 shares during the last quarter. Horrell Capital Management Inc. raised its holdings in shares of Dollar General by 0.3% during the fourth quarter. Horrell Capital Management Inc. now owns 29,224 shares of the company’s stock worth $3,973,000 after acquiring an additional 94 shares during the period. MV Capital Management Inc. grew its position in Dollar General by 78.0% in the fourth quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock valued at $30,000 after purchasing an additional 96 shares in the last quarter. Finally, Resonant Capital Advisors LLC boosted its stake in shares of Dollar General by 0.7% during the 3rd quarter. Resonant Capital Advisors LLC now owns 13,796 shares of the company’s stock worth $1,460,000 after buying an additional 98 shares during the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on DG shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $170.00 target price on shares of Dollar General in a report on Tuesday, April 2nd. BMO Capital Markets lifted their price objective on shares of Dollar General from $130.00 to $160.00 and gave the company a “market perform” rating in a report on Friday, March 15th. Truist Financial boosted their price target on shares of Dollar General from $125.00 to $140.00 and gave the company a “hold” rating in a research report on Friday, March 15th. JPMorgan Chase & Co. increased their price target on shares of Dollar General from $158.00 to $161.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. Finally, Wells Fargo & Company increased their price target on shares of Dollar General from $125.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Friday, March 15th. Fifteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $153.08.

Dollar General Stock Performance

DG traded down $0.57 during midday trading on Thursday, reaching $142.59. The company had a trading volume of 1,387,946 shares, compared to its average volume of 2,326,615. The stock has a market cap of $31.32 billion, a PE ratio of 18.94, a P/E/G ratio of 2.55 and a beta of 0.42. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.15 and a current ratio of 1.19. The business has a 50-day moving average price of $150.21 and a two-hundred day moving average price of $135.13. Dollar General Co. has a 12-month low of $101.09 and a 12-month high of $222.99.

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

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were paid a $0.59 dividend. The ex-dividend date of this dividend was Monday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 1.66%. Dollar General’s payout ratio is 31.22%.

Insider Buying and Selling

In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now directly owns 28,579 shares in the company, valued at approximately $4,636,371.17. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction that occurred 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 owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 28,579 shares in the company, valued at approximately $4,636,371.17. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

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.