Dollar General Co. (NYSE:DG) Shares Sold by Birch Capital Management LLC

Birch Capital Management LLC lessened its position in Dollar General Co. (NYSE:DG - Free Report) by 90.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,967 shares of the company's stock after selling 17,999 shares during the period. Birch Capital Management LLC's holdings in Dollar General were worth $149,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pathway Financial Advisers LLC grew its position in Dollar General by 30.6% in the second quarter. Pathway Financial Advisers LLC now owns 376 shares of the company's stock valued at $50,000 after acquiring an additional 88 shares during the last quarter. Wedbush Securities Inc. raised its holdings in shares of Dollar General by 7.3% during the second quarter. Wedbush Securities Inc. now owns 1,661 shares of the company's stock valued at $220,000 after purchasing an additional 113 shares during the period. Lummis Asset Management LP boosted its holdings in Dollar General by 1.2% in the second quarter. Lummis Asset Management LP now owns 9,419 shares of the company's stock worth $1,245,000 after acquiring an additional 115 shares in the last quarter. Metis Global Partners LLC lifted its holdings in shares of Dollar General by 2.0% in the 3rd quarter. Metis Global Partners LLC now owns 7,042 shares of the company's stock worth $596,000 after purchasing an additional 135 shares in the last quarter. Finally, X Square Capital LLC grew its holdings in shares of Dollar General by 1.1% during the second quarter. X Square Capital LLC now owns 13,744 shares of the company's stock valued at $1,817,000 after buying an additional 143 shares during the last quarter. Institutional investors own 91.77% of the company's stock.

Dollar General Stock Down 2.1 %

DG stock traded down $1.61 during midday trading on Tuesday, reaching $74.24. 3,588,188 shares of the company were exchanged, compared to its average volume of 3,154,857. The stock's 50-day simple moving average is $77.14 and its 200 day simple moving average is $95.07. Dollar General Co. has a 1-year low of $72.12 and a 1-year high of $168.07. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The company has a market cap of $16.33 billion, a price-to-earnings ratio of 12.23, a price-to-earnings-growth ratio of 2.37 and a beta of 0.44.

Dollar General (NYSE:DG - Get Free Report) last announced its earnings results on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company had revenue of $10.18 billion during the quarter, compared to analysts' expectations of $10.14 billion. During the same quarter last year, the business posted $1.26 earnings per share. The company's revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities analysts forecast that Dollar General Co. will post 5.77 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.18%. Dollar General's dividend payout ratio (DPR) is 38.88%.

Analysts Set New Price Targets

A number of brokerages recently commented on DG. Bernstein Bank dropped their price target on Dollar General from $98.00 to $94.00 in a report on Friday, November 15th. Gordon Haskett raised Dollar General from a "hold" rating to a "strong-buy" rating in a report on Friday, November 8th. Bank of America raised shares of Dollar General from an "underperform" rating to a "buy" rating and set a $95.00 price target on the stock in a report on Friday, December 6th. Truist Financial lowered 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 report on Friday, December 6th. Finally, BMO Capital Markets increased their target price on shares of Dollar General from $80.00 to $84.00 and gave the company a "market perform" rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Dollar General currently has a consensus rating of "Hold" and an average target price of $98.27.

Insider Activity at Dollar General

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the business's stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the completion of the sale, the director now owns 120,322 shares of the company's stock, valued at approximately $9,056,636.94. The trade was a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Emily C. Taylor sold 4,740 shares of the business's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $77.44, for a total transaction of $367,065.60. Following the sale, the executive vice president now owns 15,575 shares of the company's stock, valued at approximately $1,206,128. This represents a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

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.