AlphaQuest LLC Sells 4,290 Shares of Dollar General Co. (NYSE:DG)

AlphaQuest LLC lowered its stake in shares of Dollar General Co. (NYSE:DG - Free Report) by 82.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 901 shares of the company's stock after selling 4,290 shares during the period. AlphaQuest LLC's holdings in Dollar General were worth $68,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in DG. Deseret Mutual Benefit Administrators raised its position in Dollar General by 8.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company's stock worth $143,000 after purchasing an additional 150 shares in the last quarter. Bruce G. Allen Investments LLC raised its position in Dollar General by 20.3% in the fourth quarter. Bruce G. Allen Investments LLC now owns 953 shares of the company's stock worth $72,000 after purchasing an additional 161 shares in the last quarter. Peoples Bank KS raised its position in Dollar General by 19.1% in the fourth quarter. Peoples Bank KS now owns 1,435 shares of the company's stock worth $109,000 after purchasing an additional 230 shares in the last quarter. Metis Global Partners LLC raised its position in Dollar General by 3.6% in the fourth quarter. Metis Global Partners LLC now owns 7,297 shares of the company's stock worth $553,000 after purchasing an additional 255 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its position in Dollar General by 126.4% in the fourth quarter. Venturi Wealth Management LLC now owns 498 shares of the company's stock worth $38,000 after purchasing an additional 278 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

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Analysts Set New Price Targets

Several research firms recently issued reports on DG. Morgan Stanley dropped their price target on shares of Dollar General from $100.00 to $80.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 21st. Evercore ISI decreased their price objective on shares of Dollar General from $97.00 to $95.00 and set an "in-line" rating on the stock in a research note on Tuesday, December 3rd. Truist Financial decreased their price objective on shares of Dollar General from $94.00 to $83.00 and set a "hold" rating on the stock in a research note on Friday, December 6th. Piper Sandler upped their price objective on shares of Dollar General from $79.00 to $81.00 and gave the stock a "neutral" rating in a research note on Friday, March 14th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $80.00 price objective (down from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $92.26.

Insider Buying and Selling

In related news, Director Michael M. Calbert sold 6,000 shares of the firm's stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total value of $451,620.00. Following the completion of the transaction, the director now owns 120,322 shares of the company's stock, valued at approximately $9,056,636.94. This trade represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.49% of the stock is currently owned by company insiders.

Dollar General Trading Up 2.7 %

DG traded up $2.17 during mid-day trading on Friday, hitting $83.84. The stock had a trading volume of 6,955,393 shares, compared to its average volume of 3,538,616. The stock's fifty day simple moving average is $74.58 and its 200-day simple moving average is $77.72. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The firm has a market capitalization of $18.44 billion, a price-to-earnings ratio of 13.81, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $164.12.

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

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.82%. Dollar General's payout ratio is 46.18%.

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.