Hexagon Capital Partners LLC Sells 63 Shares of Dollar General Co. (NYSE:DG)

Posted by on Mar 24th, 2023

Hexagon Capital Partners LLC trimmed its position in shares of Dollar General Co. (NYSE:DG – Get Rating) by 18.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 281 shares of the company’s stock after selling 63 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Dollar General were worth $69,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Accurate Wealth Management LLC bought a new position in Dollar General in the 4th quarter worth $27,000. MV Capital Management Inc. raised its holdings in Dollar General by 76.0% in the 3rd quarter. MV Capital Management Inc. now owns 132 shares of the company’s stock worth $32,000 after purchasing an additional 57 shares during the period. Atlas Capital Advisors LLC bought a new position in Dollar General in the 2nd quarter worth $32,000. Massmutual Trust Co. FSB ADV raised its holdings in Dollar General by 55.4% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 188 shares of the company’s stock worth $45,000 after purchasing an additional 67 shares during the period. Finally, Coston McIsaac & Partners bought a new position in Dollar General in the 2nd quarter worth $48,000. 90.73% of the stock is owned by institutional investors.

Dollar General Trading Down 1.7 %

DG opened at $202.85 on Friday. The firm has a market cap of $45.35 billion, a P/E ratio of 18.99, a P/E/G ratio of 1.69 and a beta of 0.34. Dollar General Co. has a 12 month low of $183.25 and a 12 month high of $262.20. The company has a current ratio of 1.29, a quick ratio of 0.14 and a debt-to-equity ratio of 1.26. The stock has a 50-day moving average of $223.96 and a 200 day moving average of $238.25.

Dollar General (NYSE:DG – Get Rating) last released its quarterly earnings results on Thursday, March 16th. The company reported $2.96 EPS for the quarter, topping the consensus estimate of $2.94 by $0.02. The company had revenue of $10.20 billion during the quarter, compared to analyst estimates of $10.24 billion. Dollar General had a return on equity of 40.63% and a net margin of 6.38%. The firm’s revenue was up 17.9% on a year-over-year basis. During the same quarter last year, the business posted $2.57 earnings per share. As a group, research analysts forecast that Dollar General Co. will post 11.25 EPS for the current year.

Dollar General Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 25th. Investors of record on Tuesday, April 11th will be given a $0.59 dividend. The ex-dividend date is Monday, April 10th. This represents a $2.36 annualized dividend and a yield of 1.16%. This is a positive change from Dollar General’s previous quarterly dividend of $0.55. Dollar General’s dividend payout ratio (DPR) is currently 20.60%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Barclays assumed coverage on Dollar General in a research note on Tuesday, February 7th. They issued an “equal weight” rating and a $237.00 price target for the company. JPMorgan Chase & Co. reiterated a “focus list” rating and issued a $242.00 price target (down previously from $289.00) on shares of Dollar General in a research note on Thursday, January 19th. StockNews.com assumed coverage on Dollar General in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $242.00 price target on shares of Dollar General in a research note on Friday, March 17th. Finally, Citigroup cut their price target on Dollar General from $240.00 to $230.00 in a research note on Monday. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $248.75.

Insider Buying and Selling

In other Dollar General news, Director Warren F. Bryant sold 1,951 shares of the firm’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $243.93, for a total value of $475,907.43. Following the completion of the sale, the director now owns 38,269 shares of the company’s stock, valued at $9,334,957.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.60% of the stock is currently owned by company insiders.

Dollar General Profile

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Dollar General Corp. engages in the operation of merchandise stores. Its offerings include food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items. It sells brands including Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J.

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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