Arlington Trust Co LLC Acquires New Position in Dollar General Co. (NYSE:DG)

Arlington Trust Co LLC acquired a new position in shares of Dollar General Co. (NYSE:DG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 487 shares of the company’s stock, valued at approximately $66,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. D.A. Davidson & CO. grew its holdings in Dollar General by 21.6% in the first quarter. D.A. Davidson & CO. now owns 1,034 shares of the company’s stock valued at $230,000 after purchasing an additional 184 shares during the last quarter. Dakota Wealth Management acquired a new stake in Dollar General in the first quarter valued at $474,000. Baird Financial Group Inc. grew its holdings in Dollar General by 26.3% in the first quarter. Baird Financial Group Inc. now owns 58,834 shares of the company’s stock valued at $13,098,000 after purchasing an additional 12,262 shares during the last quarter. Covestor Ltd grew its holdings in Dollar General by 156.4% in the first quarter. Covestor Ltd now owns 418 shares of the company’s stock valued at $93,000 after purchasing an additional 255 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in shares of Dollar General by 17.7% during the 1st quarter. Mackenzie Financial Corp now owns 71,629 shares of the company’s stock worth $15,947,000 after purchasing an additional 10,773 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DG. StockNews.com raised Dollar General from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. The Goldman Sachs Group increased their price objective on Dollar General from $147.00 to $169.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Piper Sandler reaffirmed a “neutral” rating and set a $147.00 price objective (up previously from $127.00) on shares of Dollar General in a research note on Friday, March 15th. Raymond James increased their price objective on Dollar General from $150.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. Finally, BMO Capital Markets increased their price objective on Dollar General from $130.00 to $160.00 and gave the company a “market perform” rating in a research note on Friday, March 15th. Fifteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $152.96.

Dollar General Stock Performance

Dollar General stock opened at $159.55 on Monday. The stock’s 50-day moving average is $146.69 and its 200-day moving average is $131.53. The company has a market cap of $35.05 billion, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 2.85 and a beta of 0.42. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.19 and a quick ratio of 0.15. Dollar General Co. has a 12 month low of $101.09 and a 12 month high of $222.99.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, March 14th. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.09. The company had revenue of $9.86 billion for the quarter, compared to the consensus estimate of $9.77 billion. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period last year, the business posted $2.96 EPS. Equities analysts anticipate that Dollar General Co. will post 7.28 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th will be issued a dividend of $0.59 per share. The ex-dividend date is Monday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 1.48%. Dollar General’s payout ratio is currently 31.22%.

Insider Activity at Dollar General

In related news, EVP Carman R. Wenkoff sold 5,909 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $162.23, for a total transaction of $958,617.07. Following the sale, the executive vice president now directly owns 28,579 shares in the company, valued at approximately $4,636,371.17. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.60% of the company’s stock.

Dollar General Company 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.