Herold Advisors Inc. Sells 2,696 Shares of Dollar General Co. (NYSE:DG)

Herold Advisors Inc. lessened its holdings in Dollar General Co. (NYSE:DG) by 58.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,932 shares of the company’s stock after selling 2,696 shares during the period. Herold Advisors Inc.’s holdings in Dollar General were worth $263,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Dollar General during the fourth quarter worth approximately $25,000. Studio Investment Management LLC bought a new stake in Dollar General in the 3rd quarter valued at $26,000. MV Capital Management Inc. grew its holdings in Dollar General by 78.0% in the 4th quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock valued at $30,000 after buying an additional 96 shares in the last quarter. Covestor Ltd increased its position in Dollar General by 48.3% during the 3rd quarter. Covestor Ltd now owns 304 shares of the company’s stock worth $33,000 after buying an additional 99 shares during the period. Finally, Lowe Wealth Advisors LLC acquired a new stake in shares of Dollar General during the fourth quarter worth $33,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Price Performance

Shares of NYSE:DG traded down $0.58 during trading on Friday, hitting $142.07. 1,378,408 shares of the company were exchanged, compared to its average volume of 2,314,912. Dollar General Co. has a 1-year low of $101.09 and a 1-year high of $222.99. The company has a market capitalization of $31.21 billion, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 2.56 and a beta of 0.42. The company has a quick ratio of 0.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.92. The business’s 50 day moving average is $150.37 and its 200-day moving average is $135.46.

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

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were given a dividend of $0.59 per share. The ex-dividend date was Monday, April 8th. This represents a $2.36 annualized dividend and a yield of 1.66%. Dollar General’s dividend payout ratio is presently 31.22%.

Analysts Set New Price Targets

Several research firms recently commented on DG. Barclays upgraded shares of Dollar General from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $124.00 to $154.00 in a research note on Thursday, January 4th. Argus increased their target price on shares of Dollar General from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Raymond James lifted their price target on shares of Dollar General from $150.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Piper Sandler reissued a “neutral” rating and set a $147.00 price target (up previously from $127.00) on shares of Dollar General in a research report on Friday, March 15th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $170.00 price objective on shares of Dollar General in a report on Tuesday, April 2nd. Fifteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Dollar General has an average rating of “Hold” and an average target price of $153.08.

Insiders Place Their Bets

In related news, Director Ralph Santana sold 3,009 shares of the stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the sale, the director now directly owns 3,248 shares in the company, valued at $505,778.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total value of $468,561.48. Following the transaction, the director now directly owns 3,248 shares of the company’s stock, valued at $505,778.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Carman R. Wenkoff sold 5,909 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were 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 of the company’s stock, valued at approximately $4,636,371.17. The disclosure for this sale can be found here. Insiders own 0.49% 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.