American Trust Sells 5,567 Shares of Dollar General Co. (NYSE:DG)

American Trust lessened its position in Dollar General Co. (NYSE:DG - Free Report) by 26.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,739 shares of the company's stock after selling 5,567 shares during the period. American Trust's holdings in Dollar General were worth $1,193,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of DG. First Eagle Investment Management LLC bought a new stake in Dollar General in the fourth quarter valued at approximately $399,433,000. ACR Alpine Capital Research LLC increased its stake in Dollar General by 8,426.1% in the fourth quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company's stock valued at $306,424,000 after purchasing an additional 3,994,070 shares in the last quarter. Norges Bank acquired a new position in shares of Dollar General in the fourth quarter valued at approximately $140,421,000. Two Sigma Investments LP boosted its holdings in shares of Dollar General by 323.1% in the fourth quarter. Two Sigma Investments LP now owns 2,354,135 shares of the company's stock valued at $178,491,000 after buying an additional 1,797,776 shares during the period. Finally, Pzena Investment Management LLC boosted its holdings in shares of Dollar General by 14.9% in the fourth quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company's stock valued at $892,199,000 after buying an additional 1,528,450 shares during the period. Institutional investors own 91.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DG shares. UBS Group upped their price target on shares of Dollar General from $95.00 to $120.00 and gave the company a "buy" rating in a report on Thursday. Sanford C. Bernstein set a $120.00 price target on shares of Dollar General in a report on Friday, May 23rd. Guggenheim upped their price target on shares of Dollar General from $100.00 to $105.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Telsey Advisory Group upped their price target on shares of Dollar General from $85.00 to $100.00 and gave the company a "market perform" rating in a report on Tuesday. Finally, Piper Sandler upped their price target on shares of Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $98.96.

Insider Activity

In other news, EVP Emily C. Taylor sold 809 shares of the 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.56% of the company's stock.

Dollar General Stock Performance

NYSE DG traded down $0.05 on Friday, hitting $97.02. 1,368,084 shares of the stock were exchanged, compared to its average volume of 4,012,832. 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 business's fifty day moving average is $92.29 and its 200 day moving average is $81.24. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $145.50. The company has a market capitalization of $21.34 billion, a PE ratio of 15.99, a P/E/G ratio of 2.18 and a beta of 0.27.

Dollar General (NYSE:DG - Get Free Report) last posted 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 firm had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.83 earnings per share. Research analysts anticipate 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. Stockholders of record on Tuesday, April 8th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend was Tuesday, April 8th. Dollar General's payout ratio is presently 46.18%.

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.