PAX Financial Group LLC Has $677,000 Stock Position in Dollar General Co. (NYSE:DG)

PAX Financial Group LLC reduced its position in Dollar General Co. (NYSE:DG) by 8.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 4,339 shares of the company’s stock after selling 412 shares during the period. PAX Financial Group LLC’s holdings in Dollar General were worth $677,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. McGlone Suttner Wealth Management Inc. acquired a new stake in Dollar General during the fourth quarter worth approximately $25,000. Burkett Financial Services LLC acquired a new stake in Dollar General during the fourth quarter worth approximately $26,000. Fortis Group Advisors LLC lifted its position in Dollar General by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock worth $27,000 after acquiring an additional 100 shares during the last quarter. MV Capital Management Inc. lifted its position in Dollar General by 78.0% during the fourth quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock worth $30,000 after acquiring an additional 96 shares during the last quarter. Finally, Salem Investment Counselors Inc. lifted its position in Dollar General by 104.9% during the first quarter. Salem Investment Counselors Inc. now owns 250 shares of the company’s stock worth $39,000 after acquiring an additional 128 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of Dollar General from $161.00 to $137.00 and set a “neutral” rating for the company in a research report on Friday, May 31st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $170.00 target price on shares of Dollar General in a report on Thursday, May 30th. Wells Fargo & Company lowered their target price on shares of Dollar General from $155.00 to $145.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 4th. Loop Capital raised their target price on shares of Dollar General from $135.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, June 28th. Finally, Truist Financial lowered their target price on shares of Dollar General from $140.00 to $135.00 and set a “hold” rating on the stock in a report on Friday, May 31st. Twelve investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $147.86.

Dollar General Price Performance

Shares of NYSE DG traded down $2.95 during midday trading on Tuesday, reaching $120.33. 1,582,023 shares of the company were exchanged, compared to its average volume of 2,432,739. The stock’s 50-day moving average price is $131.69 and its 200-day moving average price is $139.46. The stock has a market cap of $26.46 billion, a P/E ratio of 17.95, a PEG ratio of 2.41 and a beta of 0.43. Dollar General Co. has a one year low of $101.09 and a one year high of $173.47. The company has a quick ratio of 0.18, a current ratio of 1.22 and a debt-to-equity ratio of 0.89.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, May 30th. The company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.08. The firm had revenue of $9.91 billion for the quarter, compared to analysts’ expectations of $9.89 billion. Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The company’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.34 earnings per share. On average, sell-side analysts anticipate that Dollar General Co. will post 7.21 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, July 23rd. Stockholders of record on Tuesday, July 9th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, July 9th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.96%. Dollar General’s dividend payout ratio (DPR) is presently 34.35%.

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.