Empirical Capital Management LLC Trims Stock Position in Dollar General Co. (NYSE:DG)

Empirical Capital Management LLC lowered its holdings in shares of Dollar General Co. (NYSE:DG - Free Report) by 72.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,000 shares of the company's stock after selling 26,000 shares during the quarter. Dollar General accounts for about 0.6% of Empirical Capital Management LLC's portfolio, making the stock its 12th largest position. Empirical Capital Management LLC's holdings in Dollar General were worth $758,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of Dollar General in the 4th quarter worth about $57,000. DAVENPORT & Co LLC grew its position in shares of Dollar General by 5,624.9% in the 4th quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company's stock worth $24,385,000 after buying an additional 316,005 shares during the last quarter. Matrix Asset Advisors Inc. NY purchased a new position in shares of Dollar General in the 4th quarter worth approximately $6,158,000. Oppenheimer & Co. Inc. grew its position in shares of Dollar General by 81.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 5,648 shares of the company's stock worth $428,000 after buying an additional 2,534 shares during the last quarter. Finally, Cornerstone Wealth Group LLC purchased a new stake in Dollar General during the 4th quarter worth approximately $6,168,000. Institutional investors own 91.77% of the company's stock.

Insider Buying and Selling

In other 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 transaction of $76,628.48. Following the transaction, the executive vice president now directly owns 48,532 shares in the company, valued at $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 SEC, which is available through this link. 0.56% of the stock is owned by company insiders.

Dollar General Stock Down 3.3%

DG stock traded down $3.30 during midday trading on Wednesday, hitting $97.68. The company's stock had a trading volume of 3,154,151 shares, compared to its average volume of 4,028,601. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $145.50. The firm has a market capitalization of $21.48 billion, a P/E ratio of 16.09, a PEG ratio of 2.18 and a beta of 0.27. The firm has a 50-day simple moving average of $91.73 and a 200-day simple moving average of $80.98.

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

Dollar General Dividend Announcement

The business also recently declared 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 was Tuesday, April 8th. This represents a $2.36 annualized dividend and a yield of 2.42%. Dollar General's dividend payout ratio is currently 46.18%.

Wall Street Analyst Weigh In

Several research firms have weighed in on DG. The Goldman Sachs Group boosted their target price on shares of Dollar General from $85.00 to $96.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. Melius upgraded shares of Dollar General from a "hold" rating to a "buy" rating and set a $110.00 price target for the company in a research report on Tuesday, April 8th. Truist Financial raised their price target 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. Piper Sandler increased their price objective 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. Finally, UBS Group cut their price objective on shares of Dollar General from $108.00 to $95.00 and set a "buy" rating for the company in a report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $97.96.

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.