2,561 Shares in Dollar General Co. (NYSE:DG) Acquired by First National Bank Sioux Falls

First National Bank Sioux Falls purchased a new position in Dollar General Co. (NYSE:DG) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,561 shares of the company’s stock, valued at approximately $348,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of DG. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Dollar General during the 4th quarter worth approximately $25,000. MV Capital Management Inc. lifted its position in shares of Dollar General by 78.0% during the 4th quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock valued at $30,000 after buying an additional 96 shares in the last quarter. Lowe Wealth Advisors LLC purchased a new position in shares of Dollar General during the 4th quarter valued at approximately $33,000. Studio Investment Management LLC purchased a new position in shares of Dollar General during the 3rd quarter valued at approximately $26,000. Finally, Creative Financial Designs Inc. ADV lifted its position in shares of Dollar General by 53.6% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 298 shares of the company’s stock valued at $41,000 after buying an additional 104 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Performance

NYSE DG traded down $0.12 on Tuesday, reaching $142.73. The stock had a trading volume of 1,430,586 shares, compared to its average volume of 2,351,519. 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 Co. has a 12-month low of $101.09 and a 12-month high of $222.99. The business’s 50-day moving average price is $149.76 and its 200 day moving average price is $134.80. The stock has a market cap of $31.35 billion, a P/E ratio of 18.90, a price-to-earnings-growth ratio of 2.59 and a beta of 0.42.

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, beating 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 for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.96 earnings per share. As a group, equities analysts expect that Dollar General Co. will post 7.28 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Monday, April 8th. Dollar General’s payout ratio is currently 31.22%.

Insider Activity

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Oppenheimer restated a “market perform” rating on shares of Dollar General in a report on Wednesday, March 6th. Piper Sandler reiterated a “neutral” rating and set a $147.00 price target (up previously from $127.00) on shares of Dollar General in a report on Friday, March 15th. JPMorgan Chase & Co. lifted their price target on Dollar General from $158.00 to $161.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. Telsey Advisory Group reissued an “outperform” rating and set a $170.00 price objective on shares of Dollar General in a research report on Tuesday, April 2nd. Finally, Barclays raised Dollar General from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $124.00 to $154.00 in a research report on Thursday, January 4th. Fifteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $153.08.

About Dollar General

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.