Dimensional Fund Advisors LP Lowers Stock Holdings in Dollar General Co. (NYSE:DG)

Dimensional Fund Advisors LP lessened its holdings in shares of Dollar General Co. (NYSE:DG - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,787,336 shares of the company's stock after selling 17,983 shares during the period. Dimensional Fund Advisors LP owned 0.81% of Dollar General worth $135,514,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. IMG Wealth Management Inc. acquired a new stake in shares of Dollar General in the fourth quarter valued at approximately $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Dollar General in the 4th quarter worth $25,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Dollar General during the 3rd quarter worth $33,000. Providence First Trust Co acquired a new position in shares of Dollar General during the 4th quarter valued at about $33,000. Finally, Bogart Wealth LLC grew its holdings in shares of Dollar General by 279.8% in the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company's stock valued at $37,000 after purchasing an additional 361 shares during the period. Institutional investors and hedge funds own 91.77% of the company's stock.

Insider Activity at Dollar General

In other news, EVP Emily C. Taylor sold 809 shares of the company's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the transaction, the executive vice president now directly owns 48,532 shares of the company's stock, valued at $4,596,951.04. This represents a 1.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.56% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Piper Sandler increased their price target on shares of Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a research note on Friday, March 14th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $80.00 target price (down previously from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $85.00 price target on shares of Dollar General in a research note on Thursday, March 13th. Barclays cut their price objective on Dollar General from $102.00 to $100.00 and set an "overweight" rating for the company in a research report on Thursday, January 9th. Finally, UBS Group decreased their target price on shares of Dollar General from $108.00 to $95.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $94.75.

Dollar General Stock Down 4.3 %

Shares of NYSE:DG traded down $4.07 on Thursday, hitting $89.62. 2,113,964 shares of the company's stock were exchanged, compared to its average volume of 3,925,020. The company has a market capitalization of $19.71 billion, a PE ratio of 14.78, a P/E/G ratio of 2.18 and a beta of 0.40. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $147.87. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The firm's 50-day moving average is $85.31 and its 200 day moving average is $79.10.

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

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.63%. The ex-dividend date was Tuesday, April 8th. Dollar General's payout ratio is currently 46.18%.

About Dollar General

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.