TBH Global Asset Management LLC Sells 783 Shares of Dollar General Co. (NYSE:DG)

TBH Global Asset Management LLC lessened its holdings in Dollar General Co. (NYSE:DGFree Report) by 4.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,902 shares of the company’s stock after selling 783 shares during the period. TBH Global Asset Management LLC’s holdings in Dollar General were worth $2,298,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of 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 buying an additional 3,457,393 shares in the last quarter. Norges Bank purchased a new position in shares of Dollar General in the 4th quarter worth $337,150,000. The Manufacturers Life Insurance Company grew its stake in shares of Dollar General by 98.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,106,653 shares of the company’s stock worth $222,884,000 after buying an additional 1,043,141 shares in the last quarter. Baupost Group LLC MA grew its stake in shares of Dollar General by 283.1% in the 3rd quarter. Baupost Group LLC MA now owns 927,000 shares of the company’s stock worth $98,077,000 after buying an additional 685,000 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Dollar General by 78.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,426,318 shares of the company’s stock worth $150,904,000 after purchasing an additional 627,844 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Stock Performance

NYSE DG traded up $6.11 during mid-day trading on Friday, reaching $145.23. 2,213,791 shares of the stock were exchanged, compared to its average volume of 2,288,639. The business’s 50 day moving average is $146.85 and its 200-day moving average is $138.74. Dollar General Co. has a 1 year low of $101.09 and a 1 year high of $206.26. The company has a market capitalization of $31.90 billion, a P/E ratio of 18.40, a P/E/G ratio of 2.80 and a beta of 0.44. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.15 and a current ratio of 1.19.

Dollar General (NYSE:DGGet Free Report) last announced its quarterly earnings results on Thursday, March 14th. The company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.09. The firm had revenue of $9.86 billion for the quarter, compared to the consensus estimate of $9.77 billion. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.96 earnings per share. On average, equities research analysts forecast that Dollar General Co. will post 7.27 EPS for the current fiscal year.

Dollar General Dividend Announcement

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

Insider Activity

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

Analyst Ratings Changes

A number of brokerages recently weighed in on DG. Wells Fargo & Company lifted their price objective on shares of Dollar General from $125.00 to $155.00 and gave the company an “equal weight” rating in a report on Friday, March 15th. JPMorgan Chase & Co. lifted their price objective on shares of Dollar General from $158.00 to $161.00 and gave the company a “neutral” rating in a report on Monday, April 15th. Telsey Advisory Group reiterated an “outperform” rating and set a $170.00 price objective on shares of Dollar General in a report on Friday. Truist Financial lifted their price objective on shares of Dollar General from $125.00 to $140.00 and gave the company a “hold” rating in a report on Friday, March 15th. Finally, Oppenheimer restated a “market perform” rating on shares of Dollar General in a report on Wednesday, March 6th. Fifteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $153.08.

Read Our Latest Stock Analysis on Dollar General

Dollar General Company Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Dollar General (NYSE:DG)

Receive News & Ratings for Dollar General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General and related companies with MarketBeat.com's FREE daily email newsletter.