Qsemble Capital Management LP Cuts Stock Position in Dollar General Co. (NYSE:DG)

Qsemble Capital Management LP trimmed its holdings in Dollar General Co. (NYSE:DG - Free Report) by 54.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,013 shares of the company's stock after selling 12,087 shares during the period. Qsemble Capital Management LP's holdings in Dollar General were worth $1,361,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in Dollar General by 2.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 63,085 shares of the company's stock worth $6,674,000 after purchasing an additional 1,220 shares in the last quarter. Park Avenue Securities LLC bought a new stake in Dollar General in the 3rd quarter worth approximately $875,000. Inspire Investing LLC raised its holdings in shares of Dollar General by 47.0% during the 3rd quarter. Inspire Investing LLC now owns 3,451 shares of the company's stock worth $365,000 after acquiring an additional 1,104 shares in the last quarter. Assetmark Inc. boosted its position in shares of Dollar General by 44.6% during the 3rd quarter. Assetmark Inc. now owns 36,485 shares of the company's stock valued at $3,860,000 after acquiring an additional 11,260 shares during the last quarter. Finally, Summit Trail Advisors LLC grew its holdings in shares of Dollar General by 96.3% in the third quarter. Summit Trail Advisors LLC now owns 3,537 shares of the company's stock valued at $374,000 after purchasing an additional 1,735 shares in the last quarter. Institutional investors own 91.77% of the company's stock.

Wall Street Analyst Weigh In

DG has been the subject of a number of recent research reports. Raymond James lifted their price objective on shares of Dollar General from $150.00 to $165.00 and gave the stock an "outperform" rating in a research note on Friday, March 15th. StockNews.com upgraded shares of Dollar General from a "sell" rating to a "hold" rating in a research report on Wednesday, February 14th. JPMorgan Chase & Co. upped their target price on shares of Dollar General from $158.00 to $161.00 and gave the company a "neutral" rating in a research report on Monday, April 15th. Piper Sandler restated a "neutral" rating and set a $147.00 target price (up from $127.00) on shares of Dollar General in a research report on Friday, March 15th. Finally, Oppenheimer restated a "market perform" rating on shares of Dollar General in a research report on Wednesday, March 6th. Fifteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $153.08.

Insider Activity at Dollar General

In other Dollar General news, Director Ralph Santana sold 3,009 shares of the firm's 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 transaction, the director now owns 3,248 shares of the company's stock, valued at $505,778.56. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Dollar General news, Director Ralph Santana sold 3,009 shares of the firm's 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 transaction, the director now owns 3,248 shares of the company's stock, valued at $505,778.56. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Carman R. Wenkoff sold 5,909 shares of the firm's stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of the transaction, the executive vice president now directly owns 28,579 shares of the company's stock, valued at approximately $4,636,371.17. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Dollar General Stock Up 0.1 %

NYSE:DG traded up $0.09 during midday trading on Friday, reaching $140.95. 1,339,190 shares of the stock traded hands, compared to its average volume of 1,929,067. Dollar General Co. has a 12-month low of $101.09 and a 12-month high of $219.47. The business has a 50-day moving average of $149.56 and a two-hundred day moving average of $137.35. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.15 and a current ratio of 1.19. The stock has a market capitalization of $30.96 billion, a PE ratio of 18.64, a price-to-earnings-growth ratio of 2.52 and a beta of 0.44.

Dollar General (NYSE:DG - Get Free Report) last posted its earnings results 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 net margin of 4.29% and a return on equity of 26.13%. The company had revenue of $9.86 billion during the quarter, compared to analysts' expectations of $9.77 billion. During the same quarter in the prior year, the company posted $2.96 earnings per share. Dollar General's revenue for the quarter was down 3.4% compared to the same quarter last year. On average, equities analysts forecast that Dollar General Co. will post 7.28 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were given a dividend of $0.59 per share. The ex-dividend date was Monday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 1.67%. Dollar General's payout ratio is 31.22%.

Dollar General 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.

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