CenterBook Partners LP Cuts Position in Dollar General Co. (NYSE:DG)

CenterBook Partners LP cut its stake in Dollar General Co. (NYSE:DG - Free Report) by 69.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,591 shares of the company's stock after selling 114,689 shares during the period. CenterBook Partners LP's holdings in Dollar General were worth $3,760,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in Dollar General in the fourth quarter valued at about $57,000. Eagle Rock Investment Company LLC increased its holdings in Dollar General by 16.3% in the 4th quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company's stock valued at $2,186,000 after buying an additional 4,048 shares during the period. Leibman Financial Services Inc. bought a new position in shares of Dollar General during the 4th quarter worth approximately $2,018,000. DAVENPORT & Co LLC grew its position in Dollar General by 5,624.9% during the 4th quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company's stock worth $24,385,000 after acquiring an additional 316,005 shares during the last quarter. Finally, Matrix Asset Advisors Inc. NY bought a new position in shares of Dollar General in the fourth quarter worth about $6,158,000. Institutional investors own 91.77% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on DG shares. Citigroup upgraded Dollar General from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $69.00 to $101.00 in a research report on Monday, April 7th. Truist Financial raised their price objective on shares of Dollar General from $76.00 to $93.00 and gave the company a "hold" rating in a research note on Tuesday, April 8th. Piper Sandler upped their target price on shares of Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a research report on Friday, March 14th. Telsey Advisory Group restated a "market perform" rating and set a $85.00 target price on shares of Dollar General in a research report on Thursday, March 13th. Finally, The Goldman Sachs Group dropped their price target on Dollar General from $104.00 to $93.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Dollar General has a consensus rating of "Hold" and an average price target of $94.75.

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Insider Transactions at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the firm'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 completion of the sale, the executive vice president now directly owns 48,532 shares in the company, valued at approximately $4,596,951.04. This trade represents a 1.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.49% of the company's stock.

Dollar General Price Performance

NYSE:DG traded down $0.98 during trading hours on Tuesday, hitting $89.33. The company's stock had a trading volume of 1,027,574 shares, compared to its average volume of 3,835,384. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $150.40. 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 stock has a fifty day simple moving average of $80.69 and a 200-day simple moving average of $78.21. The company has a market capitalization of $19.65 billion, a P/E ratio of 14.72, a PEG ratio of 2.18 and a beta of 0.40.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm's revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.83 EPS. On average, analysts anticipate that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be paid 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 2.64%. Dollar General's dividend 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.