Haverford Financial Services Inc. Cuts Stock Position in Dollar General Co. (NYSE:DG)

Haverford Financial Services Inc. lowered its holdings in Dollar General Co. (NYSE:DGFree Report) by 6.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,317 shares of the company’s stock after selling 3,660 shares during the period. Dollar General makes up 3.6% of Haverford Financial Services Inc.’s holdings, making the stock its 11th biggest holding. Haverford Financial Services Inc.’s holdings in Dollar General were worth $11,642,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in DG. First Manhattan Co. grew its position in shares of Dollar General by 447.4% during the fourth quarter. First Manhattan Co. now owns 104 shares of the company’s stock worth $26,000 after buying an additional 85 shares in the last quarter. Financial Freedom LLC acquired a new position in Dollar General during the 4th quarter worth approximately $26,000. Riverpoint Wealth Management Holdings LLC purchased a new stake in shares of Dollar General in the 4th quarter valued at approximately $28,000. Atlas Capital Advisors LLC acquired a new stake in shares of Dollar General in the 2nd quarter valued at $32,000. Finally, SouthState Corp purchased a new stake in shares of Dollar General during the 4th quarter worth $37,000. 90.37% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Michael M. Calbert acquired 2,500 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The stock was purchased at an average cost of $155.25 per share, with a total value of $388,125.00. Following the purchase, the director now directly owns 116,682 shares of the company’s stock, valued at approximately $18,114,880.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Dollar General news, Director Michael M. Calbert acquired 2,500 shares of the stock in a transaction that occurred on Thursday, June 8th. The shares were purchased at an average cost of $155.25 per share, with a total value of $388,125.00. Following the purchase, the director now owns 116,682 shares in the company, valued at $18,114,880.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffery Owen bought 1,500 shares of the business’s stock in a transaction on Tuesday, June 6th. The shares were acquired at an average price of $157.86 per share, with a total value of $236,790.00. Following the transaction, the chief executive officer now owns 55,720 shares of the company’s stock, valued at approximately $8,795,959.20. The disclosure for this purchase can be found here. 0.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DG. Bank of America cut their target price on Dollar General from $190.00 to $155.00 in a research report on Friday, June 2nd. VNET Group reaffirmed a “maintains” rating on shares of Dollar General in a research report on Friday, June 2nd. Atlantic Securities lowered shares of Dollar General from an “overweight” rating to a “neutral” rating and set a $170.00 price target on the stock. in a research note on Friday, June 2nd. OTR Global upgraded shares of Dollar General to a “positive” rating in a research note on Friday, May 26th. Finally, Barclays cut their target price on Dollar General from $213.00 to $165.00 in a research report on Friday, June 16th. Thirteen investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $187.95.

View Our Latest Stock Analysis on Dollar General

Dollar General Stock Performance

NYSE:DG traded down $19.16 during mid-day trading on Thursday, reaching $138.50. The stock had a trading volume of 19,238,420 shares, compared to its average volume of 2,500,350. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.12 and a current ratio of 1.32. The business has a 50 day simple moving average of $165.55 and a 200 day simple moving average of $192.42. Dollar General Co. has a twelve month low of $128.48 and a twelve month high of $261.59. The firm has a market capitalization of $30.38 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 2.25 and a beta of 0.28.

Dollar General (NYSE:DGGet Free Report) last announced its quarterly earnings data on Thursday, August 31st. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.34). Dollar General had a return on equity of 40.03% and a net margin of 6.19%. The business had revenue of $9.80 billion for the quarter, compared to analyst estimates of $9.93 billion. During the same period in the prior year, the company earned $2.98 EPS. The company’s revenue was up 3.9% on a year-over-year basis. On average, analysts expect that Dollar General Co. will post 10.05 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 24th. Investors of record on Tuesday, October 10th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 1.70%. Dollar General’s dividend payout ratio (DPR) is 22.24%.

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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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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