Xponance Inc. Lowers Stock Holdings in Dollar General Co. (NYSE:DG)

Xponance Inc. cut its position in Dollar General Co. (NYSE:DG) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,943 shares of the company’s stock after selling 695 shares during the quarter. Xponance Inc.’s holdings in Dollar General were worth $6,790,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Dollar General in the fourth quarter worth $25,000. Studio Investment Management LLC acquired a new position in Dollar General during the 3rd quarter worth $26,000. First Manhattan Co. increased its holdings in Dollar General by 447.4% during the 4th quarter. First Manhattan Co. now owns 104 shares of the company’s stock worth $26,000 after purchasing an additional 85 shares during the period. Financial Freedom LLC purchased a new stake in shares of Dollar General during the fourth quarter worth approximately $26,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Dollar General during the 1st quarter worth approximately $28,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on DG shares. StockNews.com upgraded shares of Dollar General from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. The Goldman Sachs Group boosted their price objective on shares of Dollar General from $147.00 to $169.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Piper Sandler reaffirmed a “neutral” rating and issued a $147.00 target price (up from $127.00) on shares of Dollar General in a research report on Friday, March 15th. Evercore ISI decreased their price objective on shares of Dollar General from $162.00 to $160.00 and set an “in-line” rating for the company in a research note on Tuesday, April 2nd. Finally, Argus boosted their target price on Dollar General from $160.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Fifteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $153.08.

Insider Buying and Selling

In other news, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of the sale, the executive vice president now directly owns 28,579 shares in the company, valued at $4,636,371.17. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total transaction of $958,617.07. Following the transaction, the executive vice president now owns 28,579 shares of the company’s stock, valued at approximately $4,636,371.17. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ralph Santana sold 3,009 shares of the firm’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the sale, the director now directly owns 3,248 shares in the company, valued at $505,778.56. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

Dollar General Stock Performance

NYSE:DG opened at $144.82 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $31.81 billion, a P/E ratio of 19.16, a price-to-earnings-growth ratio of 2.60 and a beta of 0.42. The firm has a 50-day moving average price of $149.63 and a two-hundred day moving average price of $134.15. Dollar General Co. has a twelve month low of $101.09 and a twelve month high of $222.99.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, March 14th. The company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.09. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The business had revenue of $9.86 billion during the quarter, compared to analysts’ expectations of $9.77 billion. During the same period last year, the company posted $2.96 EPS. The company’s revenue was down 3.4% on a year-over-year basis. As a group, research analysts expect that Dollar General Co. will post 7.28 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Monday, April 8th. Dollar General’s payout ratio is currently 31.22%.

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.