Dollar General Co. (NYSE:DG) Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its holdings in Dollar General Co. (NYSE:DG - Free Report) by 25.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 51,180 shares of the company's stock after selling 17,684 shares during the period. Sei Investments Co.'s holdings in Dollar General were worth $3,880,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. acquired a new position in shares of Dollar General in the 4th quarter valued at $25,000. Wilmington Savings Fund Society FSB purchased a new stake in Dollar General in the 3rd quarter valued at about $33,000. Providence First Trust Co acquired a new position in Dollar General in the fourth quarter valued at about $33,000. Bogart Wealth LLC boosted its stake in Dollar General by 279.8% during the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company's stock worth $37,000 after buying an additional 361 shares during the period. Finally, OFI Invest Asset Management acquired a new stake in shares of Dollar General during the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 91.77% of the company's stock.

Dollar General Stock Performance

Shares of DG traded down $1.60 during midday trading on Friday, reaching $92.82. 10,627,876 shares of the stock were exchanged, compared to its average volume of 3,748,103. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $161.99. 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 company has a market capitalization of $20.41 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 2.18 and a beta of 0.40. The business's 50-day moving average price is $78.10 and its 200 day moving average price is $78.13.

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Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, topping 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 return on equity of 18.85% and a net margin of 3.33%. The firm's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.83 earnings per share. On average, sell-side analysts expect that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently declared 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. This represents a $2.36 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General's dividend payout ratio is currently 46.18%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DG. Truist Financial decreased their price objective on shares of Dollar General from $94.00 to $83.00 and set a "hold" rating on the stock in a report on Friday, December 6th. Barclays decreased their price target 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. The Goldman Sachs Group cut their price objective on Dollar General from $104.00 to $93.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. Piper Sandler increased their target price on Dollar General from $79.00 to $81.00 and gave the stock a "neutral" rating in a research note on Friday, March 14th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $80.00 target price (down from $90.00) on shares of Dollar General in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target 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.