Haverford Trust Co Has $267,000 Stock Position in Dollar General Co. (NYSE:DG)

Haverford Trust Co lessened its stake in Dollar General Co. (NYSE:DG) by 20.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,528 shares of the company’s stock after selling 905 shares during the quarter. Haverford Trust Co’s holdings in Dollar General were worth $267,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. First Eagle Investment Management LLC acquired a new stake in shares of Dollar General during the 4th quarter worth approximately $399,433,000. ACR Alpine Capital Research LLC lifted its stake in Dollar General by 8,426.1% during the fourth quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company’s stock worth $306,424,000 after purchasing an additional 3,994,070 shares during the last quarter. Baupost Group LLC MA bought a new stake in Dollar General during the third quarter worth $194,832,000. Pzena Investment Management LLC increased its stake in shares of Dollar General by 14.9% in the 4th quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company’s stock valued at $892,199,000 after purchasing an additional 1,528,450 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Dollar General by 8.3% during the 3rd quarter. State Street Corp now owns 9,958,704 shares of the company’s stock worth $842,208,000 after buying an additional 759,869 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Dollar General Trading Down 0.6 %

DG opened at $82.62 on Wednesday. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $164.12. The company has a fifty day moving average of $75.08 and a 200-day moving average of $77.72. The stock has a market cap of $18.17 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.17. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.26 billion. During the same period last year, the company posted $1.83 EPS. The business’s quarterly revenue was up 4.5% on a year-over-year basis. On average, sell-side analysts predict that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.86%. Dollar General’s dividend payout ratio is currently 46.18%.

Insider Activity at Dollar General

In related news, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the completion of the sale, the director now directly owns 120,322 shares of the company’s stock, valued at $9,056,636.94. The trade was a 4.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.49% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on DG shares. Bank of America reduced their price objective on Dollar General from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Evercore ISI decreased their price target on shares of Dollar General from $97.00 to $95.00 and set an “in-line” rating on the stock in a report on Tuesday, December 3rd. Truist Financial dropped their price objective on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $80.00 target price (down previously from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. Finally, Piper Sandler increased their price target on Dollar General from $79.00 to $81.00 and gave the company a “neutral” rating in a research note on Friday, March 14th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dollar General has an average rating of “Hold” and an average target price of $92.26.

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.