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

Herold Advisors Inc. cut its holdings in Dollar General Co. (NYSE:DG) by 58.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,932 shares of the company’s stock after selling 2,696 shares during the quarter. Herold Advisors Inc.’s holdings in Dollar General were worth $263,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DG. Syon Capital LLC acquired a new stake in shares of Dollar General during the fourth quarter valued at about $337,000. Channing Global Advisors LLC grew its position in shares of Dollar General by 65.3% during the fourth quarter. Channing Global Advisors LLC now owns 23,264 shares of the company’s stock worth $3,163,000 after buying an additional 9,193 shares in the last quarter. South Dakota Investment Council boosted its stake in Dollar General by 16.0% during the 4th quarter. South Dakota Investment Council now owns 138,954 shares of the company’s stock valued at $18,891,000 after acquiring an additional 19,148 shares during the last quarter. First National Bank Sioux Falls acquired a new position in Dollar General during the 4th quarter worth $348,000. Finally, GAMMA Investing LLC bought a new stake in shares of Dollar General in the 4th quarter worth about $314,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on DG shares. Truist Financial lifted their price target on shares of Dollar General from $125.00 to $140.00 and gave the stock a “hold” rating in a research report on Friday, March 15th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $170.00 price objective on shares of Dollar General in a research note on Tuesday, April 2nd. Morgan Stanley lifted their target price on shares of Dollar General from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. The Goldman Sachs Group upped their price target on shares of Dollar General from $147.00 to $169.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Finally, Piper Sandler reiterated a “neutral” rating and set a $147.00 price objective (up from $127.00) on shares of Dollar General in a research report on Friday, March 15th. Fifteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $153.08.

Insider Activity at Dollar General

In other news, Director Ralph Santana sold 3,009 shares of the firm’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 completion of the transaction, the executive vice president now directly owns 28,579 shares in the company, valued at $4,636,371.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ralph Santana sold 3,009 shares of the company’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $155.72, for a total transaction of $468,561.48. Following the completion of the sale, the director now directly owns 3,248 shares in the company, valued at approximately $505,778.56. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Dollar General Stock Performance

Shares of NYSE:DG traded down $0.58 during midday trading on Friday, hitting $142.07. The company’s stock had a trading volume of 1,378,408 shares, compared to its average volume of 2,314,912. Dollar General Co. has a fifty-two week low of $101.09 and a fifty-two week high of $222.99. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.15 and a current ratio of 1.19. The stock has a market capitalization of $31.21 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 2.56 and a beta of 0.42. The stock’s 50 day simple moving average is $150.37 and its 200 day simple moving average is $135.46.

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

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Monday, April 8th. Dollar General’s payout ratio is presently 31.22%.

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.