DekaBank Deutsche Girozentrale Sells 24,928 Shares of Dollar General Co. (NYSE:DG)

DekaBank Deutsche Girozentrale decreased its stake in Dollar General Co. (NYSE:DG) by 14.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 143,834 shares of the company’s stock after selling 24,928 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Dollar General were worth $22,094,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in DG. Pathway Financial Advisers LLC purchased a new stake in shares of Dollar General in the 1st quarter valued at $45,000. Cetera Advisors LLC boosted its stake in shares of Dollar General by 41.2% in the 1st quarter. Cetera Advisors LLC now owns 16,185 shares of the company’s stock valued at $2,526,000 after purchasing an additional 4,724 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Dollar General by 278.1% in the 1st quarter. Cetera Investment Advisers now owns 64,628 shares of the company’s stock valued at $10,086,000 after purchasing an additional 47,534 shares in the last quarter. Burney Co. boosted its stake in shares of Dollar General by 118.4% in the 1st quarter. Burney Co. now owns 28,110 shares of the company’s stock valued at $4,387,000 after purchasing an additional 15,241 shares in the last quarter. Finally, Atria Investments Inc boosted its stake in shares of Dollar General by 21.8% in the 1st quarter. Atria Investments Inc now owns 35,606 shares of the company’s stock valued at $5,564,000 after purchasing an additional 6,373 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Dollar General Stock Up 1.2 %

NYSE DG traded up $1.43 during trading hours on Friday, reaching $121.59. 3,169,507 shares of the company’s stock traded hands, compared to its average volume of 2,112,649. Dollar General Co. has a 52-week low of $101.09 and a 52-week high of $170.46. The firm has a market cap of $26.74 billion, a PE ratio of 17.70, a PEG ratio of 2.36 and a beta of 0.43. The firm has a 50-day simple moving average of $127.63 and a 200 day simple moving average of $138.42. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.22 and a quick ratio of 0.18.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, May 30th. The company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $9.89 billion. During the same period last year, the company posted $2.34 EPS. Dollar General’s revenue was up 6.1% on a year-over-year basis. Sell-side analysts anticipate that Dollar General Co. will post 7.21 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, July 9th. This represents a $2.36 dividend on an annualized basis and a yield of 1.94%. Dollar General’s dividend payout ratio (DPR) is currently 34.35%.

Analyst Upgrades and Downgrades

DG has been the subject of a number of research reports. JPMorgan Chase & Co. cut their price objective on shares of Dollar General from $161.00 to $137.00 and set a “neutral” rating for the company in a research note on Friday, May 31st. Wells Fargo & Company dropped their price target on shares of Dollar General from $155.00 to $145.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 4th. Loop Capital increased their price target on shares of Dollar General from $135.00 to $140.00 and gave the company a “hold” rating in a research report on Friday, June 28th. Evercore ISI dropped 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 research report on Tuesday, July 2nd. Finally, Truist Financial dropped their price target 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. Twelve investment 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, Dollar General has an average rating of “Hold” and a consensus target price of $147.86.

Dollar General 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.