Price T Rowe Associates Inc. MD Cuts Position in Dollar General Co. (NYSE:DG)

by · The Cerbat Gem

Price T Rowe Associates Inc. MD reduced its stake in shares of Dollar General Co. (NYSE:DG – Free Report) by 75.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,010,045 shares of the company’s stock after selling 15,726,011 shares during the period. Price T Rowe Associates Inc. MD owned approximately 2.28% of Dollar General worth $379,863,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. First Eagle Investment Management LLC acquired a new stake in shares of Dollar General in the fourth quarter valued at about $399,433,000. ACR Alpine Capital Research LLC lifted its position in shares of Dollar General by 8,426.1% during the 4th quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company’s stock valued at $306,424,000 after acquiring an additional 3,994,070 shares during the period. Norges Bank purchased a new stake in shares of Dollar General during the 4th quarter worth approximately $140,421,000. Pzena Investment Management LLC grew its holdings in shares of Dollar General by 14.9% in the 4th quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company’s stock worth $892,199,000 after acquiring an additional 1,528,450 shares during the period. Finally, Invesco Ltd. increased its stake in Dollar General by 32.1% in the 4th quarter. Invesco Ltd. now owns 3,380,501 shares of the company’s stock valued at $256,310,000 after purchasing an additional 821,608 shares in the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Stock Down 1.6 %

Shares of DG opened at $93.87 on Friday. The firm has a market cap of $20.65 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 2.18 and a beta of 0.40. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The company’s fifty day moving average is $83.91 and its two-hundred day moving average is $78.82. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $147.87.

Dollar General (NYSE:DG – Get Free Report) last issued its earnings results on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.17. The firm had revenue of $10.30 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.83 earnings per share. Analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were issued a $0.59 dividend. The ex-dividend date was Tuesday, April 8th. This represents a $2.36 annualized dividend and a yield of 2.51%. Dollar General’s payout ratio is 46.18%.

Insider Buying and Selling at Dollar General

In related news, EVP Emily C. Taylor sold 809 shares of the firm’s 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 directly owns 48,532 shares in the company, valued at approximately $4,596,951.04. This trade represents a 1.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.56% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on DG shares. Melius Research raised Dollar General from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 8th. Melius raised shares of Dollar General from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research note on Tuesday, April 8th. The Goldman Sachs Group cut their target price on shares of Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Bank of America reduced their price target on shares of Dollar General from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Finally, Citigroup raised shares of Dollar General from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $69.00 to $101.00 in a research note on Monday, April 7th. One 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $94.75.

Check Out Our Latest Stock Analysis on DG

About Dollar General

(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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