Allspring Global Investments Holdings LLC Buys 25,690 Shares of Dollar General Co. (NYSE:DG)

Allspring Global Investments Holdings LLC boosted its position in shares of Dollar General Co. (NYSE:DG - Free Report) by 8.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 313,750 shares of the company's stock after acquiring an additional 25,690 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.14% of Dollar General worth $42,654,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. acquired a new stake in Dollar General during the 4th quarter worth about $25,000. Studio Investment Management LLC acquired a new position in shares of Dollar General in the 3rd quarter valued at about $26,000. First Manhattan Co. lifted its holdings in shares of Dollar General by 447.4% in the 4th quarter. First Manhattan Co. now owns 104 shares of the company's stock valued at $26,000 after buying an additional 85 shares during the period. Financial Freedom LLC acquired a new position in shares of Dollar General in the 4th quarter valued at about $26,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Dollar General in the 1st quarter valued at about $28,000. Institutional investors and hedge funds own 91.77% of the company's stock.

Insider Transactions at Dollar General

In other news, EVP Carman R. Wenkoff sold 5,909 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total value of $958,617.07. Following the sale, the executive vice president now directly owns 28,579 shares in the company, valued at $4,636,371.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Carman R. Wenkoff sold 5,909 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total value of $958,617.07. Following the sale, the executive vice president now directly owns 28,579 shares in the company, valued at $4,636,371.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ralph Santana sold 3,009 shares of the stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the sale, the director now owns 3,248 shares in the company, valued at $505,778.56. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company's stock.

Dollar General Trading Down 4.3 %

DG traded down $6.59 during trading hours on Friday, reaching $147.78. The company's stock had a trading volume of 2,474,751 shares, compared to its average volume of 2,405,056. Dollar General Co. has a fifty-two week low of $101.09 and a fifty-two week high of $222.99. The stock has a market cap of $32.46 billion, a PE ratio of 19.74, a P/E/G ratio of 2.76 and a beta of 0.42. The business's 50-day moving average is $148.40 and its 200-day moving average is $132.49. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.19 and a quick ratio of 0.15.

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

Dollar General Announces Dividend

The company 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 dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Monday, April 8th. Dollar General's dividend payout ratio (DPR) is 31.22%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. BMO Capital Markets boosted 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. Telsey Advisory Group restated an "outperform" rating and issued a $170.00 price target on shares of Dollar General in a research note on Tuesday, April 2nd. Oppenheimer restated a "market perform" rating on shares of Dollar General in a research note on Wednesday, March 6th. The Goldman Sachs Group lifted their price target on Dollar General from $147.00 to $169.00 and gave the company a "buy" rating in a research note on Friday, March 15th. Finally, Morgan Stanley lifted their price target on Dollar General from $160.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, March 15th. Fifteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target 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.