Headlands Technologies LLC Sells 3,614 Shares of Dollar General Co. (NYSE:DG)

Headlands Technologies LLC reduced its position in Dollar General Co. (NYSE:DG - Free Report) by 21.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,577 shares of the company's stock after selling 3,614 shares during the quarter. Headlands Technologies LLC's holdings in Dollar General were worth $1,029,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in DG. Geode Capital Management LLC lifted its stake in Dollar General by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 5,361,216 shares of the company's stock worth $405,425,000 after purchasing an additional 118,204 shares during the last quarter. HighPoint Advisor Group LLC bought a new stake in shares of Dollar General during the 4th quarter worth $252,000. Franklin Resources Inc. lifted its position in shares of Dollar General by 304.5% during the 4th quarter. Franklin Resources Inc. now owns 279,833 shares of the company's stock worth $21,217,000 after buying an additional 210,660 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Dollar General by 1.4% in the fourth quarter. Alliancebernstein L.P. now owns 270,005 shares of the company's stock valued at $20,472,000 after buying an additional 3,812 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in Dollar General by 4.5% in the fourth quarter. Wellington Management Group LLP now owns 32,507 shares of the company's stock valued at $2,465,000 after acquiring an additional 1,410 shares during the last quarter. Institutional investors own 91.77% of the company's stock.

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Dollar General Stock Performance

Shares of NYSE DG traded down $1.60 during mid-day trading on Friday, reaching $92.82. 10,627,876 shares of the company's stock were exchanged, compared to its average volume of 3,748,103. The firm has a market capitalization of $20.41 billion, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 2.18 and a beta of 0.40. The firm has a 50-day moving average price of $78.10 and a two-hundred day moving average price of $78.13. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $161.99.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The company reported $1.68 EPS 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 business had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.26 billion. During the same quarter in the previous year, the firm posted $1.83 earnings per share. The company's revenue for the quarter was up 4.5% on a year-over-year basis. Analysts predict that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date is Tuesday, April 8th. Dollar General's dividend payout ratio is currently 46.18%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DG. Piper Sandler raised their price target on shares of Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a research note on Friday, March 14th. Gordon Haskett lowered shares of Dollar General from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Truist Financial lowered their price target on shares of Dollar General from $94.00 to $83.00 and set a "hold" rating for the company in a report on Friday, December 6th. BMO Capital Markets raised their price objective on Dollar General from $80.00 to $84.00 and gave the company a "market perform" rating in a report on Friday, December 6th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $85.00 target price on shares of Dollar General in a report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $92.26.

Dollar General 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.