First Hawaiian Bank Sells 218 Shares of Dollar General Co. (NYSE:DG)

First Hawaiian Bank cut its holdings in Dollar General Co. (NYSE:DG) by 4.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,257 shares of the company’s stock after selling 218 shares during the period. First Hawaiian Bank’s holdings in Dollar General were worth $695,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in Dollar General by 18.2% in the second quarter. GAMMA Investing LLC now owns 3,512 shares of the company’s stock worth $464,000 after acquiring an additional 542 shares during the period. American Trust increased its stake in shares of Dollar General by 16.0% in the first quarter. American Trust now owns 24,955 shares of the company’s stock worth $3,894,000 after purchasing an additional 3,433 shares in the last quarter. Pathway Financial Advisers LLC purchased a new stake in shares of Dollar General in the first quarter worth $45,000. Cetera Advisors LLC increased its stake in shares of Dollar General by 41.2% in the first quarter. Cetera Advisors LLC now owns 16,185 shares of the company’s stock worth $2,526,000 after purchasing an additional 4,724 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Dollar General by 278.1% in the first quarter. Cetera Investment Advisers now owns 64,628 shares of the company’s stock worth $10,086,000 after purchasing an additional 47,534 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Dollar General Stock Up 1.0 %

Shares of Dollar General stock traded up $1.26 on Monday, reaching $122.85. The stock had a trading volume of 2,956,661 shares, compared to its average volume of 2,428,844. The stock has a market capitalization of $27.01 billion, a P/E ratio of 17.45, a P/E/G ratio of 2.36 and a beta of 0.43. Dollar General Co. has a 1 year low of $101.09 and a 1 year high of $169.63. The company has a quick ratio of 0.18, a current ratio of 1.22 and a debt-to-equity ratio of 0.89. The company has a 50 day moving average price of $127.63 and a 200 day moving average price of $138.43.

Dollar General (NYSE:DG) last released its earnings results on Thursday, May 30th. The company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.08. The company had revenue of $9.91 billion for 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%. Dollar General’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.34 EPS. As a group, equities research analysts forecast that Dollar General Co. will post 7.21 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 1.92%. The ex-dividend date was Tuesday, July 9th. Dollar General’s payout ratio is 34.35%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DG. Loop Capital increased their price objective on shares of Dollar General from $135.00 to $140.00 and gave the stock a “hold” rating in a research note on Friday, June 28th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $170.00 target price on shares of Dollar General in a research note on Thursday, May 30th. Truist Financial cut their target price on shares of Dollar General from $140.00 to $135.00 and set a “hold” rating for the company in a research note on Friday, May 31st. Piper Sandler cut their target price on shares of Dollar General from $147.00 to $141.00 and set a “neutral” rating for the company in a research note on Friday, May 31st. Finally, Argus cut their target price on shares of Dollar General from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Monday, July 15th. Twelve equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $147.86.

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.