Franklin Street Advisors Inc. NC Has $400,000 Stock Holdings in Dollar General Co. (NYSE:DG)

Franklin Street Advisors Inc. NC lessened its holdings in Dollar General Co. (NYSE:DG) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,941 shares of the company’s stock after selling 85 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Dollar General were worth $400,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of DG. Vanguard Group Inc. lifted its holdings in Dollar General by 18.9% in the 3rd quarter. Vanguard Group Inc. now owns 21,711,407 shares of the company’s stock worth $2,297,067,000 after purchasing an additional 3,457,393 shares during the last quarter. State Street Corp raised its position in shares of Dollar General by 11.3% in the first quarter. State Street Corp now owns 9,765,333 shares of the company’s stock valued at $2,055,202,000 after purchasing an additional 994,813 shares during the period. Morgan Stanley lifted its stake in shares of Dollar General by 38.5% in the fourth quarter. Morgan Stanley now owns 4,744,478 shares of the company’s stock worth $1,168,329,000 after buying an additional 1,318,412 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Dollar General by 2.8% during the 3rd quarter. Northern Trust Corp now owns 2,346,674 shares of the company’s stock worth $248,278,000 after buying an additional 62,913 shares during the period. Finally, Norges Bank acquired a new position in Dollar General in the 4th quarter valued at $564,881,000. 91.77% of the stock is currently owned by institutional investors.

Dollar General Price Performance

DG opened at $156.06 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.19 and a quick ratio of 0.15. The company’s 50 day simple moving average is $143.33 and its 200-day simple moving average is $129.53. Dollar General Co. has a one year low of $101.09 and a one year high of $222.99. The stock has a market capitalization of $34.28 billion, a P/E ratio of 20.67, a price-to-earnings-growth ratio of 2.76 and a beta of 0.41.

Dollar General (NYSE:DG) last announced its quarterly earnings data 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 return on equity of 26.13% and a net margin of 4.29%. The firm had revenue of $9.86 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same period last year, the company earned $2.96 EPS. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. Sell-side analysts anticipate that Dollar General Co. will post 7.28 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Monday, April 8th. Dollar General’s dividend payout ratio (DPR) is presently 31.22%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DG shares. Raymond James boosted their target price on shares of Dollar General from $150.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. BMO Capital Markets increased their target price on Dollar General from $130.00 to $160.00 and gave the company a “market perform” rating in a research note on Friday, March 15th. Morgan Stanley lifted their price target on Dollar General from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Piper Sandler reissued a “neutral” rating and issued a $147.00 price objective (up from $127.00) on shares of Dollar General in a research report on Friday, March 15th. Finally, The Goldman Sachs Group increased their price target on shares of Dollar General from $147.00 to $169.00 and gave the company a “buy” rating in a report on Friday, March 15th. Fifteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $153.04.

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.