Anchor Capital Advisors LLC Has $791,000 Stock Holdings in Dollar General Co. (NYSE:DG)

Anchor Capital Advisors LLC decreased its stake in shares of Dollar General Co. (NYSE:DG) by 11.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 5,069 shares of the company’s stock after selling 672 shares during the period. Anchor Capital Advisors LLC’s holdings in Dollar General were worth $791,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Dollar General during the 4th quarter worth about $25,000. Burkett Financial Services LLC bought a new stake in Dollar General in the 4th quarter valued at about $26,000. Fortis Group Advisors LLC boosted its holdings in Dollar General by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock valued at $27,000 after purchasing an additional 100 shares during the period. MV Capital Management Inc. boosted 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 purchasing an additional 96 shares during the period. Finally, Salem Investment Counselors Inc. lifted its holdings in shares of Dollar General by 104.9% during the 1st quarter. Salem Investment Counselors Inc. now owns 250 shares of the company’s stock worth $39,000 after acquiring an additional 128 shares during the period. Institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DG. Evercore ISI cut their price target on shares of Dollar General from $151.00 to $148.00 and set an “in-line” rating for the company in a report on Tuesday, July 2nd. Piper Sandler cut their price target on shares of Dollar General from $147.00 to $141.00 and set a “neutral” rating for the company in a report on Friday, May 31st. Loop Capital upped their price target on shares of Dollar General from $135.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, June 28th. Truist Financial lowered their price objective on shares of Dollar General from $140.00 to $135.00 and set a “hold” rating for the company in a research report on Friday, May 31st. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $170.00 price objective on shares of Dollar General in a research report on Thursday, May 30th. Twelve analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $147.86.

Dollar General Stock Down 4.3 %

NYSE DG traded down $5.66 on Monday, hitting $126.76. 1,347,533 shares of the company were exchanged, compared to its average volume of 2,429,976. The company has a market cap of $27.87 billion, a PE ratio of 18.63, a PEG ratio of 2.60 and a beta of 0.43. Dollar General Co. has a 12 month low of $101.09 and a 12 month high of $173.47. The stock has a fifty day moving average of $133.43 and a 200-day moving average of $139.93. The company has a current ratio of 1.22, a quick ratio of 0.18 and a debt-to-equity ratio of 0.89.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, May 30th. The company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.57 by $0.08. Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The company had revenue of $9.91 billion during the quarter, compared to the consensus estimate of $9.89 billion. During the same quarter in the prior year, the company posted $2.34 earnings per share. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, analysts forecast that Dollar General Co. will post 7.21 earnings per share for the current year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 23rd. Stockholders of record on Tuesday, July 9th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $2.36 annualized dividend and a dividend yield of 1.86%. Dollar General’s payout ratio is 34.35%.

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.