IHT Wealth Management LLC Invests $302,000 in Dollar General Co. (NYSE:DG)

IHT Wealth Management LLC acquired a new stake in Dollar General Co. (NYSE:DG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,983 shares of the company's stock, valued at approximately $302,000.

A number of other institutional investors have also made changes to their positions in the company. Anchor Investment Management LLC raised its holdings in shares of Dollar General by 8.3% during the third quarter. Anchor Investment Management LLC now owns 17,414 shares of the company's stock worth $1,473,000 after purchasing an additional 1,333 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Dollar General during the third quarter worth about $33,000. Tidal Investments LLC lifted its holdings in Dollar General by 25.4% in the third quarter. Tidal Investments LLC now owns 17,315 shares of the company's stock worth $1,464,000 after acquiring an additional 3,504 shares during the last quarter. Franklin Resources Inc. boosted its stake in Dollar General by 17.6% in the third quarter. Franklin Resources Inc. now owns 69,173 shares of the company's stock valued at $5,517,000 after acquiring an additional 10,333 shares during the period. Finally, Birmingham Capital Management Co. Inc. AL bought a new position in shares of Dollar General during the third quarter valued at approximately $263,000. 91.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DG. Barclays cut their target price on Dollar General from $102.00 to $100.00 and set an "overweight" rating on the stock in a research note on Thursday, January 9th. Citigroup upgraded shares of Dollar General from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $69.00 to $101.00 in a research report on Monday, April 7th. Piper Sandler boosted their target price 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. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $80.00 price target (down previously from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. Finally, Melius upgraded Dollar General from a "hold" rating to a "buy" rating and set a $110.00 price objective for the company in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $94.75.

Dollar General Trading Down 0.2 %

Shares of NYSE DG opened at $93.64 on Monday. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $147.87. The company has a market cap of $20.60 billion, a price-to-earnings ratio of 15.43, a P/E/G ratio of 2.18 and a beta of 0.40. The business has a fifty day simple moving average of $84.29 and a 200-day simple moving average of $78.83.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings data on Thursday, March 13th. The company reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.51 by $0.17. The company had revenue of $10.30 billion during 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 business's quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.83 earnings per share. Sell-side analysts predict that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend was Tuesday, April 8th. Dollar General's dividend payout ratio (DPR) is currently 46.18%.

Insider Activity

In other news, EVP Emily C. Taylor sold 809 shares of the stock in a transaction that occurred 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 of the company's stock, valued at $4,596,951.04. This represents a 1.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.56% 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.

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