O Shaughnessy Asset Management LLC Lowers Stake in Dollar General Co. (NYSE:DG)

O Shaughnessy Asset Management LLC reduced its holdings in Dollar General Co. (NYSE:DG - Free Report) by 55.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,323 shares of the company's stock after selling 4,120 shares during the period. O Shaughnessy Asset Management LLC's holdings in Dollar General were worth $252,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new position in shares of Dollar General during the fourth quarter valued at approximately $57,000. Eagle Rock Investment Company LLC raised its stake 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 purchasing an additional 4,048 shares during the last quarter. Leibman Financial Services Inc. purchased a new position in Dollar General in the 4th quarter valued at $2,018,000. DAVENPORT & Co LLC boosted its stake 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 purchasing an additional 316,005 shares during the last quarter. Finally, Matrix Asset Advisors Inc. NY purchased a new stake in shares of Dollar General during the fourth quarter worth $6,158,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Stock Down 2.0 %

Dollar General stock traded down $1.84 during mid-day trading on Tuesday, reaching $88.47. 2,828,703 shares of the company's stock were exchanged, compared to its average volume of 3,842,289. 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 twelve month low of $66.43 and a twelve month high of $150.40. The company has a market cap of $19.46 billion, a P/E ratio of 14.58, a P/E/G ratio of 2.18 and a beta of 0.40. The company has a fifty day moving average of $80.69 and a 200-day moving average of $78.21.

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Dollar General (NYSE:DG - Get Free Report) last released its earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.51 by $0.17. The firm had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.26 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. Dollar General's revenue was up 4.5% compared to the same quarter last year. During the same period last year, the business posted $1.83 earnings per share. Sell-side analysts expect 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. Investors of record on Tuesday, April 8th will be paid a dividend of $0.59 per share. 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 2.67%. Dollar General's payout ratio is currently 46.18%.

Insider Transactions at Dollar General

In other news, EVP Emily C. Taylor sold 809 shares of Dollar General stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $94.72, for a total transaction of $76,628.48. Following the sale, the executive vice president now owns 48,532 shares in the company, valued at approximately $4,596,951.04. The trade was a 1.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.49% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on DG. Truist Financial raised their price target on shares of Dollar General from $76.00 to $93.00 and gave the stock a "hold" rating in a research note on Tuesday, April 8th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $85.00 price target on shares of Dollar General in a report on Thursday, March 13th. 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. The Goldman Sachs Group dropped their target price on Dollar General from $104.00 to $93.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. Finally, UBS Group reduced their price target on Dollar General from $108.00 to $95.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $94.75.

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.