Woodard & Co. Asset Management Group Inc. ADV Raises Stake in Dollar General Co. (NYSE:DG)

Woodard & Co. Asset Management Group Inc. ADV lifted its position in shares of Dollar General Co. (NYSE:DG) by 2.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 9,730 shares of the company’s stock after purchasing an additional 190 shares during the quarter. Dollar General comprises approximately 0.7% of Woodard & Co. Asset Management Group Inc. ADV’s holdings, making the stock its 29th largest holding. Woodard & Co. Asset Management Group Inc. ADV’s holdings in Dollar General were worth $2,048,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DG. First Manhattan Co. boosted its holdings in Dollar General by 447.4% in the 4th quarter. First Manhattan Co. now owns 104 shares of the company’s stock worth $26,000 after acquiring an additional 85 shares during the period. Financial Freedom LLC purchased a new position in Dollar General in the 4th quarter worth approximately $26,000. Atlas Capital Advisors LLC purchased a new position in Dollar General in the 2nd quarter worth approximately $32,000. SouthState Corp purchased a new position in Dollar General in the 4th quarter worth approximately $37,000. Finally, Focused Wealth Management Inc boosted its holdings in Dollar General by 129.9% in the 1st quarter. Focused Wealth Management Inc now owns 177 shares of the company’s stock worth $37,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 90.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DG. Bank of America decreased their price target on Dollar General from $155.00 to $130.00 in a report on Friday, September 1st. StockNews.com started coverage on Dollar General in a research note on Thursday, August 17th. They set a “hold” rating for the company. Citigroup reduced their target price on Dollar General from $185.00 to $146.00 in a research note on Friday, September 1st. Daiwa Capital Markets cut Dollar General from an “outperform” rating to a “neutral” rating and set a $172.00 target price for the company. in a research note on Tuesday, June 6th. Finally, Piper Sandler reduced their target price on Dollar General from $178.00 to $144.00 and set a “neutral” rating for the company in a research note on Friday, September 1st. Seventeen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $159.41.

Dollar General Price Performance

Shares of NYSE DG opened at $127.20 on Friday. Dollar General Co. has a 1-year low of $123.31 and a 1-year high of $261.59. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.39 and a quick ratio of 0.12. The business’s fifty day moving average price is $159.94 and its two-hundred day moving average price is $187.77. The firm has a market capitalization of $27.92 billion, a PE ratio of 13.03, a P/E/G ratio of 2.23 and a beta of 0.30.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, August 31st. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.47 by ($0.34). Dollar General had a return on equity of 36.34% and a net margin of 5.59%. The company had revenue of $9.80 billion during the quarter, compared to analyst estimates of $9.93 billion. During the same period in the prior year, the business earned $2.98 earnings per share. Dollar General’s quarterly revenue was up 3.9% on a year-over-year basis. On average, research analysts expect that Dollar General Co. will post 7.82 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Stockholders of record on Tuesday, October 10th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Friday, October 6th. Dollar General’s dividend payout ratio (DPR) is 24.18%.

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.