FORA Capital LLC Sells 4,337 Shares of Dollar General Co. (NYSE:DG)

by · The Cerbat Gem

FORA Capital LLC cut its stake in Dollar General Co. (NYSE:DG – Free Report) by 4.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 93,080 shares of the company’s stock after selling 4,337 shares during the period. Dollar General accounts for approximately 0.8% of FORA Capital LLC’s portfolio, making the stock its 28th largest position. FORA Capital LLC’s holdings in Dollar General were worth $7,057,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in shares of Dollar General in the 3rd quarter worth about $33,000. Franklin Resources Inc. boosted its position in shares of Dollar General by 17.6% in the 3rd quarter. Franklin Resources Inc. now owns 69,173 shares of the company’s stock worth $5,517,000 after purchasing an additional 10,333 shares in the last quarter. Principal Financial Group Inc. raised its stake in Dollar General by 2.6% during the third quarter. Principal Financial Group Inc. now owns 253,053 shares of the company’s stock valued at $21,401,000 after buying an additional 6,372 shares during the last quarter. Peoples Bank KS increased its holdings in shares of Dollar General by 19.1% during the fourth quarter. Peoples Bank KS now owns 1,435 shares of the company’s stock valued at $109,000 after acquiring an additional 230 shares in the last quarter. Finally, First Hawaiian Bank bought a new position in Dollar General in the 4th quarter worth about $218,000. 91.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DG. Piper Sandler increased their price target on shares of Dollar General from $79.00 to $81.00 and gave the company a “neutral” rating in a report on Friday, March 14th. Bank of America decreased their price target on Dollar General from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, March 14th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $85.00 price objective on shares of Dollar General in a research report on Thursday, March 13th. Truist Financial boosted their target price on Dollar General from $76.00 to $93.00 and gave the stock a “hold” rating in a research report on Tuesday, April 8th. Finally, UBS Group dropped their price target on shares of Dollar General from $108.00 to $95.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, fourteen have given 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, the company currently has an average rating of “Hold” and a consensus target price of $94.75.

Get Our Latest Stock Analysis on DG

Insiders Place Their Bets

In related news, EVP Emily C. Taylor sold 809 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 48,532 shares of the company’s stock, valued at approximately $4,596,951.04. This trade represents a 1.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.56% of the stock is currently owned by corporate insiders.

Dollar General Trading Down 0.8 %

Shares of NYSE:DG opened at $92.91 on Thursday. The stock has a 50 day moving average of $86.90 and a 200 day moving average of $79.48. The company has a market cap of $20.43 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 2.18 and a beta of 0.27. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $147.87. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG – Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.17. The business 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 company’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.83 earnings per share. As a group, equities research analysts expect that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.54%. The ex-dividend date was Tuesday, April 8th. Dollar General’s dividend payout ratio is currently 46.18%.

Dollar General Company Profile

(Free Report)

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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