Dollar General Co. (NYSE:DG) Shares Sold by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC lowered its holdings in Dollar General Co. (NYSE:DG) by 6.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 602,061 shares of the company’s stock after selling 42,079 shares during the quarter. Dollar General accounts for about 0.9% of Clarkston Capital Partners LLC’s holdings, making the stock its 29th biggest position. Clarkston Capital Partners LLC owned about 0.27% of Dollar General worth $45,648,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Deseret Mutual Benefit Administrators lifted its stake in shares of Dollar General by 8.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company’s stock valued at $143,000 after purchasing an additional 150 shares during the period. Bruce G. Allen Investments LLC lifted its position in shares of Dollar General by 20.3% during the 4th quarter. Bruce G. Allen Investments LLC now owns 953 shares of the company’s stock valued at $72,000 after acquiring an additional 161 shares during the period. Peoples Bank KS boosted its stake in shares of Dollar General by 19.1% during the 4th quarter. Peoples Bank KS now owns 1,435 shares of the company’s stock worth $109,000 after acquiring an additional 230 shares in the last quarter. Metis Global Partners LLC boosted its stake in shares of Dollar General by 3.6% during the 4th quarter. Metis Global Partners LLC now owns 7,297 shares of the company’s stock worth $553,000 after acquiring an additional 255 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in shares of Dollar General by 126.4% in the 4th quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock worth $38,000 after acquiring an additional 278 shares during the period. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Price Performance

Dollar General stock opened at $92.82 on Friday. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $159.52. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The firm has a 50 day moving average price of $78.10 and a 200 day moving average price of $78.08. The company has a market cap of $20.41 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 2.18 and a beta of 0.40.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.17. The company had revenue of $10.30 billion during the quarter, compared to analysts’ expectations of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.83 EPS. Sell-side analysts predict 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 will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.36 annualized dividend and a yield of 2.54%. Dollar General’s payout ratio is 46.18%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on DG shares. Citigroup decreased their target price on Dollar General from $73.00 to $69.00 and set a “sell” rating on the stock in a research report on Friday, March 7th. Morgan Stanley decreased their price objective on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Telsey Advisory Group restated a “market perform” rating and set a $85.00 target price on shares of Dollar General in a report on Thursday, March 13th. Piper Sandler upped 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. Finally, The Goldman Sachs Group dropped their price objective on shares of Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Dollar General currently has a consensus rating of “Hold” and an average price target of $92.26.

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.