Naples Global Advisors LLC Sells 6,972 Shares of Dollar General Co. (NYSE:DG)

Naples Global Advisors LLC cut its holdings in shares of Dollar General Co. (NYSE:DG) by 54.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,748 shares of the company’s stock after selling 6,972 shares during the period. Naples Global Advisors LLC’s holdings in Dollar General were worth $436,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of DG. Pzena Investment Management LLC raised its holdings in Dollar General by 453.4% in the third quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock worth $865,903,000 after purchasing an additional 8,388,735 shares in the last quarter. State Street Corp grew its position in shares of Dollar General by 8.3% in the 3rd quarter. State Street Corp now owns 9,958,704 shares of the company’s stock worth $842,208,000 after buying an additional 759,869 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Dollar General by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 5,243,012 shares of the company’s stock worth $441,899,000 after acquiring an additional 182,300 shares in the last quarter. Baupost Group LLC MA purchased a new stake in Dollar General during the third quarter valued at approximately $194,832,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Dollar General by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,434,960 shares of the company’s stock valued at $121,355,000 after acquiring an additional 31,200 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Emily C. Taylor sold 4,740 shares of Dollar General stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $77.44, for a total value of $367,065.60. Following the sale, the executive vice president now directly owns 15,575 shares in the company, valued at approximately $1,206,128. The trade was a 23.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the sale, the director now owns 120,322 shares of the company’s stock, valued at approximately $9,056,636.94. This trade represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on DG shares. Morgan Stanley decreased their price objective on Dollar General from $100.00 to $80.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Bernstein Bank decreased their price target on Dollar General from $98.00 to $94.00 in a research note on Friday, November 15th. Truist Financial dropped their price target on Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a research note on Friday, December 6th. Gordon Haskett cut shares of Dollar General from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, Telsey Advisory Group dropped their target price on shares of Dollar General from $103.00 to $90.00 and set a “market perform” rating on the stock in a research report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Dollar General presently has an average rating of “Hold” and a consensus target price of $96.77.

Dollar General Stock Performance

Shares of NYSE DG opened at $72.87 on Friday. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $168.07. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The company’s fifty day moving average price is $74.03 and its 200 day moving average price is $84.94. The company has a market capitalization of $16.03 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 2.08 and a beta of 0.43.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.08). The firm 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%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.26 earnings per share. On average, research analysts predict that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a yield of 3.24%. Dollar General’s dividend payout ratio is currently 38.88%.

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.