Anchor Capital Advisors LLC Trims Stock Position in Dollar General Co. (NYSE:DG)

Anchor Capital Advisors LLC cut its stake in shares of Dollar General Co. (NYSE:DG) by 11.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,069 shares of the company’s stock after selling 672 shares during the period. Anchor Capital Advisors LLC’s holdings in Dollar General were worth $791,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. McGlone Suttner Wealth Management Inc. acquired a new stake in Dollar General during the 4th quarter valued at $25,000. Burkett Financial Services LLC acquired a new stake in shares of Dollar General during the fourth quarter worth $26,000. Fortis Group Advisors LLC raised its position in shares of Dollar General by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock worth $27,000 after buying an additional 100 shares during the period. MV Capital Management Inc. raised its position in shares of Dollar General by 78.0% in the 4th quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock worth $30,000 after buying an additional 96 shares during the period. Finally, Salem Investment Counselors Inc. raised its position in shares of Dollar General by 104.9% in the 1st quarter. Salem Investment Counselors Inc. now owns 250 shares of the company’s stock worth $39,000 after buying an additional 128 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Stock Down 4.3 %

NYSE:DG traded down $5.66 during trading hours on Monday, reaching $126.76. The company’s stock had a trading volume of 1,347,533 shares, compared to its average volume of 2,429,976. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.22 and a quick ratio of 0.18. Dollar General Co. has a one year low of $101.09 and a one year high of $173.47. The business’s 50-day moving average is $133.43 and its 200-day moving average is $139.93. The company has a market cap of $27.87 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 2.60 and a beta of 0.43.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, May 30th. The company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.08. Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The company had revenue of $9.91 billion during the quarter, compared to analysts’ expectations of $9.89 billion. During the same period in the prior year, the company earned $2.34 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. Equities research analysts predict that Dollar General Co. will post 7.21 EPS for the current year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Tuesday, July 9th. Dollar General’s dividend payout ratio (DPR) is 34.35%.

Analyst Ratings Changes

Several analysts have recently weighed in on DG shares. Truist Financial lowered their target price on Dollar General from $140.00 to $135.00 and set a “hold” rating for the company in a research note on Friday, May 31st. Wells Fargo & Company decreased their price target on Dollar General from $155.00 to $145.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 4th. BMO Capital Markets decreased their price target on Dollar General from $150.00 to $140.00 and set a “market perform” rating for the company in a research note on Friday, May 31st. Evercore ISI decreased their price target on Dollar General from $151.00 to $148.00 and set an “in-line” rating for the company in a research note on Tuesday, July 2nd. Finally, Loop Capital lifted their target price on Dollar General from $135.00 to $140.00 and gave the company a “hold” rating in a research note on Friday, June 28th. Twelve investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $147.86.

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.