Commerce Bank Sells 5,993 Shares of Dollar General Co. (NYSE:DG)

Commerce Bank trimmed its holdings in shares of Dollar General Co. (NYSE:DG - Free Report) by 45.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,162 shares of the company's stock after selling 5,993 shares during the period. Commerce Bank's holdings in Dollar General were worth $543,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. First Eagle Investment Management LLC acquired a new position in shares of Dollar General in the fourth quarter valued at $399,433,000. ACR Alpine Capital Research LLC increased its position in Dollar General by 8,426.1% in the 4th quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company's stock valued at $306,424,000 after acquiring an additional 3,994,070 shares in the last quarter. Norges Bank bought a new position in shares of Dollar General in the fourth quarter worth about $140,421,000. Pzena Investment Management LLC raised its position in Dollar General by 14.9% in the 4th quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company's stock worth $892,199,000 after purchasing an additional 1,528,450 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Dollar General by 32.1% in the 4th quarter. Invesco Ltd. now owns 3,380,501 shares of the company's stock valued at $256,310,000 after buying an additional 821,608 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dollar General

In other news, EVP Emily C. Taylor sold 809 shares of the firm's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the transaction, the executive vice president now directly owns 48,532 shares in the company, valued at $4,596,951.04. This trade represents a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.56% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on DG. Piper Sandler lifted their price target on shares of Dollar General from $79.00 to $81.00 and gave the stock a "neutral" rating in a research report on Friday, March 14th. The Goldman Sachs Group decreased their target price on Dollar General from $104.00 to $93.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. Citigroup raised shares of Dollar General from a "sell" rating to a "neutral" rating and upped their target price for the company from $69.00 to $101.00 in a research note on Monday, April 7th. Melius Research upgraded shares of Dollar General from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Finally, Melius raised Dollar General from a "hold" rating to a "buy" rating and set a $110.00 price target on the stock in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $94.75.

Dollar General Price Performance

Shares of DG traded up $0.17 during midday trading on Tuesday, hitting $92.63. 317,253 shares of the company traded hands, compared to its average volume of 3,909,615. The stock has a 50-day moving average of $84.62 and a 200-day moving average of $78.90. The firm has a market cap of $20.37 billion, a P/E ratio of 15.27, a PEG ratio of 2.18 and a beta of 0.40. Dollar General Co. has a one year low of $66.43 and a one year 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.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.51 by $0.17. The company had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.26 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm's revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.83 earnings per share. As a group, sell-side analysts predict that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $2.36 annualized dividend and a yield of 2.55%. Dollar General's payout ratio is 46.18%.

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.