Bath Savings Trust Co Decreases Stock Position in Dollar General Co. (NYSE:DG)

Bath Savings Trust Co lessened its stake in shares of Dollar General Co. (NYSE:DGFree Report) by 74.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,572 shares of the company’s stock after selling 4,615 shares during the quarter. Bath Savings Trust Co’s holdings in Dollar General were worth $214,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Fiduciary Trust Co. raised its holdings in Dollar General by 0.7% during the first quarter. Fiduciary Trust Co. now owns 8,868 shares of the company’s stock worth $1,866,000 after purchasing an additional 64 shares in the last quarter. SevenOneSeven Capital Management raised its holdings in Dollar General by 5.4% during the second quarter. SevenOneSeven Capital Management now owns 1,257 shares of the company’s stock worth $207,000 after purchasing an additional 64 shares in the last quarter. Kinneret Advisory LLC raised its holdings in Dollar General by 2.3% during the first quarter. Kinneret Advisory LLC now owns 2,906 shares of the company’s stock worth $647,000 after purchasing an additional 65 shares in the last quarter. Cito Capital Group LLC raised its holdings in Dollar General by 2.5% during the first quarter. Cito Capital Group LLC now owns 3,100 shares of the company’s stock worth $652,000 after purchasing an additional 75 shares in the last quarter. Finally, Evergreen Capital Management LLC raised its holdings in Dollar General by 7.6% during the fourth quarter. Evergreen Capital Management LLC now owns 1,160 shares of the company’s stock worth $286,000 after purchasing an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 90.37% of the company’s stock.

Dollar General Stock Performance

Dollar General stock opened at $151.95 on Monday. Dollar General Co. has a 12-month low of $101.09 and a 12-month high of $222.99. The company has a market capitalization of $33.35 billion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 2.93 and a beta of 0.41. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.22 and a quick ratio of 0.13. The firm’s fifty day moving average price is $140.46 and its 200 day moving average price is $128.17.

Dollar General (NYSE:DGGet Free Report) last released its earnings results on Thursday, March 14th. The company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.09. The company had revenue of $9.86 billion during the quarter, compared to the consensus estimate of $9.77 billion. Dollar General had a net margin of 4.91% and a return on equity of 31.68%. The company’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.96 EPS. On average, research analysts forecast that Dollar General Co. will post 7.47 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 23rd. Stockholders of record on Tuesday, April 9th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Monday, April 8th. Dollar General’s dividend payout ratio (DPR) is presently 31.22%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DG. Morgan Stanley raised shares of Dollar General from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $130.00 to $160.00 in a report on Tuesday, January 16th. Oppenheimer reissued a “market perform” rating on shares of Dollar General in a research note on Wednesday, March 6th. Telsey Advisory Group raised shares of Dollar General from a “market perform” rating to an “outperform” rating and set a $170.00 price objective for the company in a research note on Friday. Piper Sandler raised their price objective on shares of Dollar General from $114.00 to $127.00 and gave the stock a “neutral” rating in a research note on Friday, December 8th. Finally, Truist Financial raised their price objective on shares of Dollar General from $117.00 to $125.00 and gave the stock a “hold” rating in a research note on Monday, December 18th. Fifteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $149.68.

View Our Latest Research Report on Dollar General

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

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