Centerstone Investors LLC Reduces Stake in Dollar General Co. (NYSE:DG)

Centerstone Investors LLC cut its position in shares of Dollar General Co. (NYSE:DG - Free Report) by 23.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,381 shares of the company's stock after selling 6,161 shares during the quarter. Dollar General accounts for 2.3% of Centerstone Investors LLC's investment portfolio, making the stock its 18th biggest holding. Centerstone Investors LLC's holdings in Dollar General were worth $1,545,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of DG. Studio Investment Management LLC boosted its position in shares of Dollar General by 16.4% during the 4th quarter. Studio Investment Management LLC now owns 989 shares of the company's stock valued at $75,000 after purchasing an additional 139 shares in the last quarter. Deseret Mutual Benefit Administrators lifted its stake in Dollar General by 8.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company's stock valued at $143,000 after purchasing an additional 150 shares during the last quarter. Federated Hermes Inc. lifted its stake in Dollar General by 9.8% during the fourth quarter. Federated Hermes Inc. now owns 2,159 shares of the company's stock valued at $164,000 after purchasing an additional 192 shares during the last quarter. Colonial Trust Co SC boosted its holdings in Dollar General by 13.9% during the fourth quarter. Colonial Trust Co SC now owns 1,633 shares of the company's stock worth $124,000 after buying an additional 199 shares in the last quarter. Finally, Metis Global Partners LLC grew its position in Dollar General by 3.6% in the fourth quarter. Metis Global Partners LLC now owns 7,297 shares of the company's stock worth $553,000 after buying an additional 255 shares during the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DG shares. UBS Group reduced their price objective on Dollar General from $108.00 to $95.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Piper Sandler increased their price target on Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a research report on Friday, March 14th. Gordon Haskett downgraded Dollar General from a "hold" rating to a "reduce" rating in a report on Wednesday, April 9th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Dollar General in a research note on Monday, May 5th. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $85.00 target price on shares of Dollar General in a research report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Dollar General presently has an average rating of "Hold" and a consensus price target of $95.48.

Dollar General Trading Down 0.2%

NYSE:DG opened at $100.62 on Friday. The company has a market capitalization of $22.13 billion, a P/E ratio of 16.58, a P/E/G ratio of 2.18 and a beta of 0.27. The stock's 50 day moving average price is $90.57 and its 200 day moving average price is $80.49. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $145.94.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.51 by $0.17. The company 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%. Dollar General's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.83 EPS. On average, research analysts forecast that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date was Tuesday, April 8th. Dollar General's dividend payout ratio is 46.18%.

Insider Activity at Dollar General

In other news, EVP Emily C. Taylor sold 809 shares of the business's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.56% of the stock is owned by company insiders.

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.

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