Ancora Advisors LLC Trims Holdings in Dollar General Co. (NYSE:DG)

Ancora Advisors LLC lowered its holdings in Dollar General Co. (NYSE:DG) by 61.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 7,136 shares of the company’s stock after selling 11,562 shares during the quarter. Ancora Advisors LLC’s holdings in Dollar General were worth $541,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in shares of Dollar General in the 4th quarter valued at approximately $57,000. Eagle Rock Investment Company LLC raised its holdings in Dollar General by 16.3% in the fourth quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company’s stock worth $2,186,000 after purchasing an additional 4,048 shares in the last quarter. Leibman Financial Services Inc. purchased a new position in Dollar General during the fourth quarter valued at $2,018,000. DAVENPORT & Co LLC boosted its holdings in shares of Dollar General by 5,624.9% during the 4th quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company’s stock valued at $24,385,000 after buying an additional 316,005 shares in the last quarter. Finally, Matrix Asset Advisors Inc. NY purchased a new stake in shares of Dollar General in the 4th quarter worth about $6,158,000. 91.77% of the stock is currently owned by institutional investors.

Insider Transactions at Dollar General

In related news, EVP Emily C. Taylor sold 809 shares of Dollar General stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the sale, the executive vice president now owns 48,532 shares in the company, valued at $4,596,951.04. This trade represents a 1.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $80.00 price objective (down previously from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. Citigroup upgraded Dollar General from a “sell” rating to a “neutral” rating and upped their price target for the stock from $69.00 to $101.00 in a research note on Monday, April 7th. Truist Financial lifted their price objective on Dollar General from $76.00 to $93.00 and gave the company a “hold” rating in a research note on Tuesday, April 8th. Telsey Advisory Group reissued a “market perform” rating and issued a $85.00 target price on shares of Dollar General in a research note on Thursday, March 13th. Finally, Barclays lowered their price target on Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, January 9th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $94.75.

Dollar General Stock Up 2.0 %

DG stock opened at $92.11 on Tuesday. The business’s 50-day moving average is $86.13 and its two-hundred day moving average is $79.29. The company has a market cap of $20.26 billion, a price-to-earnings ratio of 15.17, a P/E/G ratio of 2.18 and a beta of 0.27. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $147.87. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, March 13th. The company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.51 by $0.17. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.26 billion. During the same period last year, the firm earned $1.83 EPS. The company’s revenue was up 4.5% on a year-over-year basis. As a group, analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were paid a dividend of $0.59 per share. The ex-dividend date was Tuesday, April 8th. This represents a $2.36 annualized dividend and a yield of 2.56%. Dollar General’s payout ratio is 46.18%.

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.