DekaBank Deutsche Girozentrale Sells 24,928 Shares of Dollar General Co. (NYSE:DG)

DekaBank Deutsche Girozentrale cut its holdings in Dollar General Co. (NYSE:DG) by 14.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 143,834 shares of the company’s stock after selling 24,928 shares during the period. DekaBank Deutsche Girozentrale owned 0.07% of Dollar General worth $22,094,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Burkett Financial Services LLC acquired a new stake in Dollar General during the fourth quarter valued at approximately $26,000. Fortis Group Advisors LLC boosted its holdings in Dollar General by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. MV Capital Management Inc. boosted its holdings in Dollar General by 78.0% during the fourth quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock valued at $30,000 after purchasing an additional 96 shares in the last quarter. Montag A & Associates Inc. acquired a new position in shares of Dollar General in the 4th quarter worth approximately $37,000. Finally, Quest Partners LLC acquired a new position in shares of Dollar General in the 4th quarter worth approximately $37,000. 91.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Argus reduced their target price on Dollar General from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, July 15th. Telsey Advisory Group restated an “outperform” rating and issued a $170.00 price objective on shares of Dollar General in a research report on Thursday, May 30th. Loop Capital boosted their price objective on shares of Dollar General from $135.00 to $140.00 and gave the stock a “hold” rating in a research report on Friday, June 28th. Truist Financial dropped their price objective on shares of Dollar General from $140.00 to $135.00 and set a “hold” rating for the company in a research report on Friday, May 31st. Finally, Evercore ISI dropped their price objective on shares of Dollar General from $151.00 to $148.00 and set an “in-line” rating for the company in a research report on Tuesday, July 2nd. Twelve research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $147.86.

Dollar General Stock Up 1.2 %

Shares of Dollar General stock traded up $1.43 during trading hours on Friday, reaching $121.59. 3,169,507 shares of the company’s stock were exchanged, compared to its average volume of 2,112,649. The company has a 50 day moving average of $127.63 and a two-hundred day moving average of $138.42. Dollar General Co. has a fifty-two week low of $101.09 and a fifty-two week high of $170.46. The company has a current ratio of 1.22, a quick ratio of 0.18 and a debt-to-equity ratio of 0.89. The stock has a market cap of $26.74 billion, a P/E ratio of 17.70, a P/E/G ratio of 2.36 and a beta of 0.43.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, May 30th. The company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.08. The company had revenue of $9.91 billion during the quarter, compared to the consensus estimate of $9.89 billion. Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.34 EPS. On average, sell-side analysts forecast that Dollar General Co. will post 7.21 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 23rd. Stockholders of record on Tuesday, July 9th were issued a $0.59 dividend. The ex-dividend date was Tuesday, July 9th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.94%. Dollar General’s payout ratio is 34.35%.

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.