Advisory Services Network LLC Grows Stock Position in Dollar General Co. (NYSE:DG)

Advisory Services Network LLC lifted its position in Dollar General Co. (NYSE:DG - Free Report) by 45.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,306 shares of the company's stock after acquiring an additional 3,225 shares during the period. Advisory Services Network LLC's holdings in Dollar General were worth $781,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IMG Wealth Management Inc. bought a new position in shares of Dollar General during the fourth quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB bought a new position in Dollar General during the 3rd quarter valued at approximately $33,000. Providence First Trust Co purchased a new position in Dollar General during the fourth quarter valued at $33,000. Bogart Wealth LLC boosted its holdings in Dollar General by 279.8% in the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company's stock worth $37,000 after acquiring an additional 361 shares in the last quarter. Finally, OFI Invest Asset Management bought a new position in shares of Dollar General during the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 91.77% of the company's stock.

Insider Buying and Selling

In related news, EVP Emily C. Taylor sold 809 shares of the business's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the sale, the executive vice president now owns 48,532 shares in the company, valued at approximately $4,596,951.04. The trade was a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.49% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on DG shares. Barclays dropped their price target on shares of Dollar General from $102.00 to $100.00 and set an "overweight" rating on the stock in a research note on Thursday, January 9th. Piper Sandler boosted their price objective on shares of Dollar General from $79.00 to $81.00 and gave the stock a "neutral" rating in a report on Friday, March 14th. The Goldman Sachs Group cut their target price on Dollar General from $104.00 to $93.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Citigroup upgraded Dollar General from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $69.00 to $101.00 in a research note on Monday, April 7th. Finally, Bank of America lowered their target price on shares of Dollar General from $95.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $94.75.

Dollar General Price Performance

DG traded up $3.79 on Friday, hitting $93.15. 4,170,050 shares of the company's stock traded hands, compared to its average volume of 3,882,371. Dollar General Co. has a one year low of $66.43 and a one year high of $147.87. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The firm has a market cap of $20.49 billion, a price-to-earnings ratio of 15.35, a P/E/G ratio of 2.18 and a beta of 0.40. The company's 50 day simple moving average is $82.11 and its 200-day simple moving average is $78.43.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.17. The firm had revenue of $10.30 billion for the quarter, compared to analysts' expectations of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.83 earnings per share. As a group, research analysts anticipate that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.53%. Dollar General's dividend payout ratio (DPR) is 46.18%.

About Dollar General

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.