Dollar General Co. (NYSE:DG) Shares Sold by Ancora Advisors LLC

Ancora Advisors LLC lowered its holdings in Dollar General Co. (NYSE:DG - Free Report) by 61.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,136 shares of the company's stock after selling 11,562 shares during the period. Ancora Advisors LLC's holdings in Dollar General were worth $541,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Altshuler Shaham Ltd acquired a new position in shares of Dollar General during the fourth quarter worth $25,000. IMG Wealth Management Inc. purchased a new stake in Dollar General during the 4th quarter worth $25,000. Wilmington Savings Fund Society FSB acquired a new position in Dollar General in the 3rd quarter worth $33,000. Providence First Trust Co purchased a new position in Dollar General in the 4th quarter valued at about $33,000. Finally, Bogart Wealth LLC grew its stake in shares of Dollar General by 279.8% during the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company's stock valued at $37,000 after acquiring an additional 361 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

Dollar General Stock Performance

DG stock traded down $0.27 on Friday, reaching $91.70. The company's stock had a trading volume of 2,185,058 shares, compared to its average volume of 3,957,096. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $147.87. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The company has a market capitalization of $20.17 billion, a P/E ratio of 15.11, a price-to-earnings-growth ratio of 2.18 and a beta of 0.27. The firm has a fifty day moving average of $87.67 and a two-hundred day moving average of $79.63.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, topping 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 return on equity of 18.85% and a net margin of 3.33%. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.83 earnings per share. As a group, analysts predict that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.57%. Dollar General's dividend payout ratio is presently 46.18%.

Insider Buying and Selling

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the business's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the sale, the executive vice president now directly owns 48,532 shares in the company, valued at approximately $4,596,951.04. The trade was a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.56% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Morgan Stanley reduced their price target on Dollar General from $100.00 to $80.00 and set an "equal weight" rating for the company in a report on Tuesday, January 21st. Guggenheim raised their price target on shares of Dollar General from $100.00 to $105.00 and gave the stock a "buy" rating in a research report on Thursday. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $85.00 price target on shares of Dollar General in a report on Thursday, March 13th. Truist Financial increased their price objective on shares of Dollar General from $76.00 to $93.00 and gave the company a "hold" rating in a research note on Tuesday, April 8th. Finally, The Goldman Sachs Group dropped their target price on shares of Dollar General from $104.00 to $93.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $95.16.

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.