Rathbones Group PLC Has $1.08 Million Stake in Dollar General Co. (NYSE:DG)

Rathbones Group PLC cut its holdings in shares of Dollar General Co. (NYSE:DG - Free Report) by 26.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,243 shares of the company's stock after selling 5,251 shares during the quarter. Rathbones Group PLC's holdings in Dollar General were worth $1,080,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in DG. National Bank of Canada FI grew its holdings in Dollar General by 35.6% in the 3rd quarter. National Bank of Canada FI now owns 218,749 shares of the company's stock worth $18,500,000 after buying an additional 57,374 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Dollar General during the third quarter valued at $2,014,000. Nomura Asset Management Co. Ltd. grew its holdings in shares of Dollar General by 5.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 64,316 shares of the company's stock valued at $5,439,000 after acquiring an additional 3,493 shares in the last quarter. Geode Capital Management LLC lifted its stake in Dollar General by 3.6% in the third quarter. Geode Capital Management LLC now owns 5,243,012 shares of the company's stock valued at $441,899,000 after acquiring an additional 182,300 shares during the last quarter. Finally, TD Private Client Wealth LLC boosted its position in Dollar General by 21.6% during the third quarter. TD Private Client Wealth LLC now owns 9,007 shares of the company's stock worth $762,000 after purchasing an additional 1,598 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Bank of America reduced their target price on shares of Dollar General from $95.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, March 14th. The Goldman Sachs Group reduced their price objective on shares of Dollar General from $104.00 to $93.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Piper Sandler increased their price target on Dollar General from $79.00 to $81.00 and gave the stock a "neutral" rating in a report on Friday, March 14th. Truist Financial lifted their price objective on shares of Dollar General from $76.00 to $93.00 and gave the company a "hold" rating in a report on Tuesday, April 8th. Finally, Melius Research raised shares of Dollar General from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, Dollar General currently has a consensus rating of "Hold" and an average target price of $94.75.

Dollar General Price Performance

Shares of NYSE DG traded up $1.54 during midday trading on Monday, reaching $90.58. 1,063,217 shares of the company were exchanged, compared to its average volume of 3,838,040. Dollar General Co. has a one year low of $66.43 and a one year high of $150.40. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The stock has a market cap of $19.92 billion, a P/E ratio of 14.92, a PEG ratio of 2.18 and a beta of 0.40. The stock's 50-day moving average price is $80.35 and its 200-day moving average price is $78.19.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, topping analysts' consensus estimates 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%. Dollar General's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.83 earnings per share. On average, sell-side analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be given a $0.59 dividend. 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 2.61%. Dollar General's dividend payout ratio (DPR) is currently 46.18%.

Insider Activity

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 transaction, the executive vice president now owns 48,532 shares in the company, valued at $4,596,951.04. The trade was a 1.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.49% of the company's stock.

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.