Resonant Capital Advisors LLC Acquires 2,231 Shares of Dollar General Co. (NYSE:DG)

Resonant Capital Advisors LLC increased its stake in Dollar General Co. (NYSE:DG) by 16.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 16,027 shares of the company’s stock after purchasing an additional 2,231 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Dollar General were worth $2,179,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. First Manhattan Co. increased its holdings in Dollar General by 447.4% in the 4th quarter. First Manhattan Co. now owns 104 shares of the company’s stock valued at $26,000 after acquiring an additional 85 shares during the last quarter. Financial Freedom LLC bought a new stake in shares of Dollar General in the fourth quarter worth about $26,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Dollar General in the first quarter worth about $28,000. Atlas Capital Advisors LLC bought a new position in Dollar General during the second quarter valued at approximately $32,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new position in Dollar General during the 4th quarter valued at approximately $25,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Dollar General

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 transaction of $958,617.07. Following the completion of the transaction, the executive vice president now owns 28,579 shares in the company, valued at approximately $4,636,371.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 transaction 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 approximately $4,636,371.17. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ralph Santana sold 3,009 shares of the firm’s stock in a transaction that occurred on 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 transaction, 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 owned by company insiders.

Dollar General Stock Performance

NYSE:DG traded down $0.45 during trading hours on Friday, hitting $145.23. 825,044 shares of the company were exchanged, compared to its average volume of 2,356,204. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.19 and a quick ratio of 0.15. Dollar General Co. has a 52-week low of $101.09 and a 52-week high of $222.99. The stock has a market capitalization of $31.90 billion, a price-to-earnings ratio of 19.30, a PEG ratio of 2.58 and a beta of 0.42. The company’s 50 day moving average price is $149.44 and its 200-day moving average price is $133.86.

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 analysts’ expectations of $9.77 billion. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The firm’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.96 EPS. As a group, research analysts forecast that Dollar General Co. will post 7.28 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Monday, April 8th. Dollar General’s dividend payout ratio (DPR) is currently 31.22%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on DG shares. Truist Financial raised their target price 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. Argus lifted their price objective on shares of Dollar General from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. StockNews.com upgraded shares of Dollar General from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. The Goldman Sachs Group lifted their price target on Dollar General from $147.00 to $169.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Finally, JPMorgan Chase & Co. boosted their price objective on Dollar General from $158.00 to $161.00 and gave the stock a “neutral” rating in a research note on Monday. Fifteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $153.08.

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.