Ritholtz Wealth Management lessened its holdings in Dollar General Co. (NYSE:DG – Free Report) by 79.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 975 shares of the company’s stock after selling 3,772 shares during the quarter. Ritholtz Wealth Management’s holdings in Dollar General were worth $205,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the business. KG&L Capital Management LLC grew its stake in Dollar General by 20.8% in the first quarter. KG&L Capital Management LLC now owns 1,657 shares of the company’s stock valued at $349,000 after purchasing an additional 285 shares in the last quarter. Capital Advisors Inc. OK grew its stake in shares of Dollar General by 1.8% in the first quarter. Capital Advisors Inc. OK now owns 143,357 shares of the company’s stock valued at $30,171,000 after buying an additional 2,554 shares in the last quarter. Raub Brock Capital Management LP increased its holdings in Dollar General by 3.3% during the first quarter. Raub Brock Capital Management LP now owns 84,204 shares of the company’s stock worth $17,722,000 after buying an additional 2,722 shares during the last quarter. Kennon Green & Company LLC bought a new stake in Dollar General during the first quarter worth $544,000. Finally, Willis Investment Counsel grew its position in shares of Dollar General by 2.5% in the 1st quarter. Willis Investment Counsel now owns 65,916 shares of the company’s stock valued at $13,873,000 after acquiring an additional 1,628 shares during the period. Institutional investors and hedge funds own 90.02% of the company’s stock.
Analysts Set New Price Targets
Several analysts have issued reports on the company. Atlantic Securities lowered Dollar General from an “overweight” rating to a “neutral” rating and set a $170.00 price objective on the stock. in a research note on Friday, June 2nd. Wells Fargo & Company cut shares of Dollar General from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $178.00 to $165.00 in a research report on Tuesday, June 6th. BMO Capital Markets dropped their price objective on shares of Dollar General from $230.00 to $175.00 in a research report on Friday, June 2nd. Gordon Haskett downgraded shares of Dollar General from an “accumulate” rating to a “hold” rating and reduced their target price for the stock from $230.00 to $220.00 in a report on Friday, March 17th. Finally, Citigroup decreased their price target on shares of Dollar General from $240.00 to $230.00 in a research note on Monday, March 20th. Thirteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $202.71.
Dollar General Price Performance
Dollar General (NYSE:DG – Free Report) last released its quarterly earnings results on Thursday, June 1st. The company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.38 by ($0.04). The business had revenue of $9.34 billion for the quarter, compared to the consensus estimate of $9.47 billion. Dollar General had a net margin of 6.19% and a return on equity of 40.03%. Dollar General’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.41 EPS. On average, sell-side analysts forecast that Dollar General Co. will post 10.04 EPS for the current fiscal year.
Dollar General Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 25th. Shareholders of record on Tuesday, July 11th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Monday, July 10th. Dollar General’s dividend payout ratio (DPR) is presently 22.24%.
Insiders Place Their Bets
In related news, Director Michael M. Calbert bought 2,500 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The shares were bought at an average price of $155.25 per share, for a total transaction of $388,125.00. Following the transaction, the director now directly owns 116,682 shares of the company’s stock, valued at $18,114,880.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Michael M. Calbert acquired 2,500 shares of Dollar General stock in a transaction on Thursday, June 8th. The stock was purchased at an average price of $155.25 per share, with a total value of $388,125.00. Following the completion of the purchase, the director now owns 116,682 shares of the company’s stock, valued at approximately $18,114,880.50. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Todd J. Vasos sold 27,327 shares of Dollar General stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $156.65, for a total transaction of $4,280,774.55. Following the completion of the sale, the director now directly owns 118,635 shares of the company’s stock, valued at approximately $18,584,172.75. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.
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.
Read More
- Five stocks we like better than Dollar General
- Order From U.S. Army Fuels Surge In Enovix Stock
- The Bottom Is In For Mullen Automotive
- Could Meta Be Risking Another Sell Off With Its New “Threads”?
- 2 Must-Have Specialized ETFs for the Long-Term Investor
- Inspire Medical Up 15% After Breakout, Analysts Say It’s A Buy
Want to see what other hedge funds are holding DG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar General Co. (NYSE:DG – Free Report).
Receive News & Ratings for Dollar General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General and related companies with MarketBeat.com's FREE daily email newsletter.
-logo.png&h=45&w=95&zc=2){kind=logo}
