Reinhart Partners LLC. Sells 15,315 Shares of Dollar General Co. (NYSE:DG)

Reinhart Partners LLC. decreased its position in shares of Dollar General Co. (NYSE:DG) by 17.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,282 shares of the company’s stock after selling 15,315 shares during the quarter. Reinhart Partners LLC.’s holdings in Dollar General were worth $5,329,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Pathway Financial Advisers LLC increased its stake in shares of Dollar General by 30.6% in the 2nd quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock valued at $50,000 after acquiring an additional 88 shares in the last quarter. Wedbush Securities Inc. raised its holdings in shares of Dollar General by 7.3% during the second quarter. Wedbush Securities Inc. now owns 1,661 shares of the company’s stock valued at $220,000 after purchasing an additional 113 shares during the period. Lummis Asset Management LP boosted its position in shares of Dollar General by 1.2% during the 2nd quarter. Lummis Asset Management LP now owns 9,419 shares of the company’s stock worth $1,245,000 after purchasing an additional 115 shares in the last quarter. Metis Global Partners LLC grew its stake in shares of Dollar General by 2.0% in the 3rd quarter. Metis Global Partners LLC now owns 7,042 shares of the company’s stock valued at $596,000 after buying an additional 135 shares during the period. Finally, Empirical Finance LLC increased its position in Dollar General by 2.0% in the 3rd quarter. Empirical Finance LLC now owns 7,768 shares of the company’s stock valued at $657,000 after buying an additional 153 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Dollar General Price Performance

DG traded down $0.17 during trading on Monday, reaching $71.19. 2,487,047 shares of the company were exchanged, compared to its average volume of 3,636,398. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The company has a market cap of $15.66 billion, a price-to-earnings ratio of 11.73, a P/E/G ratio of 2.29 and a beta of 0.44. Dollar General Co. has a 12-month low of $70.15 and a 12-month high of $168.07. The company’s 50-day moving average is $76.51 and its two-hundred day moving average is $93.47.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.08). The business had revenue of $10.18 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. Dollar General’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.26 earnings per share. Research analysts forecast that Dollar General Co. will post 5.76 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a yield of 3.32%. Dollar General’s dividend payout ratio is presently 38.88%.

Insider Activity at Dollar General

In other news, Director Michael M. Calbert sold 6,000 shares of Dollar General 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 transaction, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Emily C. Taylor sold 4,740 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the sale, the executive vice president now owns 15,575 shares in the company, valued at approximately $1,206,128. This represents a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Telsey Advisory Group reduced their price objective on Dollar General from $103.00 to $90.00 and set a “market perform” rating for the company in a research note on Monday, December 2nd. Truist Financial decreased their price target 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. Jefferies Financial Group reduced their price objective on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating for the company in a report on Friday, November 15th. BMO Capital Markets upped their target price on shares of Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. decreased their price objective on Dollar General from $97.00 to $82.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Dollar General has an average rating of “Hold” and a consensus target price of $98.18.

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.