PFG Investments LLC Has $545,000 Position in Dollar General Co. (NYSE:DG)

PFG Investments LLC lessened its stake in shares of Dollar General Co. (NYSE:DG) by 8.5% in the first quarter, according to the company in its most recent filing with the SEC. The fund 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 SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its holdings in shares of Dollar General by 162.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,185,887 shares of the company’s stock worth $2,472,372,000 after buying an additional 11,257,537 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Dollar General by 18.9% during the third quarter. Vanguard Group Inc. now owns 21,711,407 shares of the company’s stock worth $2,297,067,000 after purchasing an additional 3,457,393 shares during the period. Norges Bank acquired a new stake in shares of Dollar General in the fourth quarter valued at approximately $337,150,000. Capital International Investors boosted its stake in shares of Dollar General by 13.9% in the fourth quarter. Capital International Investors now owns 18,676,538 shares of the company’s stock valued at $2,539,026,000 after buying an additional 2,273,119 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in Dollar General by 98.1% during the third quarter. The Manufacturers Life Insurance Company now owns 2,106,653 shares of the company’s stock worth $222,884,000 after buying an additional 1,043,141 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DG shares. StockNews.com upgraded Dollar General from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar General in a research report on Wednesday, March 6th. The Goldman Sachs Group raised their target price on shares of Dollar General from $147.00 to $169.00 and gave the company a “buy” rating in a report on Friday, March 15th. Piper Sandler reaffirmed a “neutral” rating and set a $147.00 price target (up previously from $127.00) on shares of Dollar General in a report on Friday, March 15th. Finally, Argus increased their price target on shares of Dollar General from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Fifteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Dollar General currently has an average rating of “Hold” and an average target price of $153.08.

Dollar General Stock Down 0.6 %

NYSE:DG traded down $0.92 during trading hours on Monday, reaching $141.15. The company had a trading volume of 2,381,592 shares, compared to its average volume of 2,315,727. Dollar General Co. has a twelve month low of $101.09 and a twelve month high of $221.50. The company has a quick ratio of 0.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.92. The firm has a market cap of $31.01 billion, a price-to-earnings ratio of 18.67, a P/E/G ratio of 2.54 and a beta of 0.42. The business’s 50-day simple moving average is $150.36 and its two-hundred day simple moving average is $136.17.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, March 14th. The company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.09. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The company 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 firm earned $2.96 EPS. The business’s revenue was down 3.4% on a year-over-year basis. On average, equities analysts expect that Dollar General Co. will post 7.28 earnings per share for the current year.

Dollar General Announces Dividend

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

Insider Transactions at Dollar General

In other Dollar General news, Director Ralph Santana sold 3,009 shares of the business’s 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 completion of the sale, the director now directly 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 is accessible through the SEC website. In other Dollar General news, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following the transaction, the director now directly owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Carman R. Wenkoff sold 5,909 shares of the stock in a transaction dated Thursday, April 4th. The shares were 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 owns 28,579 shares of the company’s stock, valued at approximately $4,636,371.17. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

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.