Raub Brock Capital Management LP Decreases Stock Holdings in Dollar General Co. (NYSE:DG)

Raub Brock Capital Management LP trimmed its position in shares of Dollar General Co. (NYSE:DG - Free Report) by 22.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,180 shares of the company's stock after selling 26,410 shares during the period. Dollar General makes up 2.5% of Raub Brock Capital Management LP's portfolio, making the stock its 23rd biggest holding. Raub Brock Capital Management LP's holdings in Dollar General were worth $12,124,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Comerica Bank bought a new stake in Dollar General during the third quarter valued at about $12,047,000. Stephens Inc. AR grew its position in Dollar General by 253.8% during the second quarter. Stephens Inc. AR now owns 64,573 shares of the company's stock worth $10,963,000 after buying an additional 46,324 shares in the last quarter. Professional Advisory Services Inc. grew its position in Dollar General by 12.6% during the fourth quarter. Professional Advisory Services Inc. now owns 150,960 shares of the company's stock worth $20,523,000 after buying an additional 16,899 shares in the last quarter. Live Oak Private Wealth LLC acquired a new stake in Dollar General during the third quarter worth about $1,374,000. Finally, Nine27 Capital Management LP acquired a new stake in Dollar General during the third quarter worth about $5,290,000. 91.77% of the stock is currently owned by institutional investors.

Dollar General Stock Performance

Shares of NYSE DG traded up $0.51 during midday trading on Friday, hitting $159.55. The company's stock had a trading volume of 2,614,311 shares, compared to its average volume of 2,606,089. The stock has a fifty day moving average price of $146.69 and a 200 day moving average price of $131.53. Dollar General Co. has a one year low of $101.09 and a one year high of $222.99. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $35.05 billion, a price-to-earnings ratio of 21.10, a P/E/G ratio of 2.85 and a beta of 0.42.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings results on Thursday, March 14th. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.09. The company had revenue of $9.86 billion for the quarter, compared to analyst estimates of $9.77 billion. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The company's quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.96 earnings per share. On average, research analysts forecast that Dollar General Co. will post 7.28 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th will be paid a $0.59 dividend. The ex-dividend date is Monday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 1.48%. Dollar General's dividend payout ratio is presently 31.22%.

Insiders Place Their Bets

In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the business's stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total value of $958,617.07. Following the completion of the transaction, the executive vice president now owns 28,579 shares of the company's stock, valued at approximately $4,636,371.17. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.60% of the company's stock.

Wall Street Analysts Forecast Growth

DG has been the topic of a number of recent research reports. Evercore ISI decreased their target price on Dollar General from $162.00 to $160.00 and set an "in-line" rating on the stock in a research report on Tuesday, April 2nd. Barclays raised Dollar General from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $124.00 to $154.00 in a research report on Thursday, January 4th. JPMorgan Chase & Co. raised Dollar General from an "underweight" rating to a "neutral" rating and lifted their price objective for the company from $120.00 to $158.00 in a report on Tuesday, March 12th. Piper Sandler reaffirmed a "neutral" rating and set a $147.00 price objective (up from $127.00) on shares of Dollar General in a report on Friday, March 15th. Finally, BMO Capital Markets lifted their price objective on Dollar General from $130.00 to $160.00 and gave the company a "market perform" rating in a report on Friday, March 15th. Fifteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Dollar General presently has an average rating of "Hold" and an average target price of $152.96.

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.