Dollar General Co. (NYSE:DG) Shares Sold by FORA Capital LLC

FORA Capital LLC cut its stake in shares of Dollar General Co. (NYSE:DG - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 93,080 shares of the company's stock after selling 4,337 shares during the period. Dollar General makes up 0.8% of FORA Capital LLC's holdings, making the stock its 28th biggest holding. FORA Capital LLC's holdings in Dollar General were worth $7,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in DG. IMG Wealth Management Inc. purchased a new stake in Dollar General during the fourth quarter worth about $25,000. Altshuler Shaham Ltd acquired a new position in shares of Dollar General in the fourth quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB purchased a new stake in Dollar General during the 3rd quarter worth approximately $33,000. Providence First Trust Co acquired a new position in shares of Dollar General in the fourth quarter worth $33,000. Finally, Bogart Wealth LLC increased its position in shares of Dollar General by 279.8% during the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company's stock worth $37,000 after acquiring an additional 361 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on DG shares. Telsey Advisory Group reiterated a "market perform" rating and issued a $85.00 target price on shares of Dollar General in a report on Thursday, March 13th. Bank of America cut their target price on shares of Dollar General from $95.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. Melius Research upgraded shares of Dollar General from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Truist Financial boosted their price target on shares of Dollar General from $76.00 to $93.00 and gave the stock a "hold" rating in a report on Tuesday, April 8th. Finally, Guggenheim increased their target price on Dollar General from $100.00 to $105.00 and gave the company a "buy" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $95.16.

Insiders Place Their Bets

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the company's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $94.72, for a total value of $76,628.48. Following the sale, the executive vice president now owns 48,532 shares of the company's stock, valued at approximately $4,596,951.04. This represents a 1.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.56% of the stock is currently owned by company insiders.

Dollar General Stock Performance

NYSE DG traded down $0.27 during trading hours on Friday, hitting $91.70. 2,185,058 shares of the stock were exchanged, compared to its average volume of 3,967,609. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $147.87. The stock has a 50-day moving average of $87.67 and a 200 day moving average of $79.62. The company has a market cap of $20.17 billion, a price-to-earnings ratio of 15.11, a price-to-earnings-growth ratio of 2.18 and a beta of 0.27. 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 (NYSE:DG - Get Free Report) last posted 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. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The business had revenue of $10.30 billion during the quarter, compared to analysts' expectations of $10.26 billion. During the same period last year, the firm earned $1.83 EPS. The company's quarterly revenue was up 4.5% compared to the same quarter last year. As a group, equities research analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors 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 yield of 2.57%. The ex-dividend date of this dividend was Tuesday, April 8th. Dollar General's dividend payout ratio is currently 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.