Dollar General Co. (NYSE:DG) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. lowered its position in Dollar General Co. (NYSE:DGFree Report) by 9.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,513 shares of the company’s stock after selling 7,744 shares during the period. Franklin Resources Inc.’s holdings in Dollar General were worth $9,722,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. McGlone Suttner Wealth Management Inc. purchased a new position in Dollar General during the 4th quarter valued at about $25,000. MV Capital Management Inc. lifted its stake in Dollar General by 78.0% in 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 acquired a new stake in Dollar General during the 4th quarter valued at $33,000. Studio Investment Management LLC purchased a new position in Dollar General during the third quarter worth $26,000. Finally, Quest Partners LLC purchased a new position in Dollar General during the fourth quarter worth $37,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. The Goldman Sachs Group increased their price objective on Dollar General from $147.00 to $169.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Evercore ISI lowered their price target on shares of Dollar General from $162.00 to $160.00 and set an “in-line” rating for the company in a report on Tuesday, April 2nd. Piper Sandler reissued a “neutral” rating and set a $147.00 price objective (up previously from $127.00) on shares of Dollar General in a research note on Friday, March 15th. Telsey Advisory Group restated an “outperform” rating and set a $170.00 target price on shares of Dollar General in a research report on Friday, May 24th. Finally, Argus boosted their price target on Dollar General from $160.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Fifteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Dollar General currently has a consensus rating of “Hold” and an average target price of $153.08.

Read Our Latest Stock Report on Dollar General

Dollar General Stock Down 2.1 %

Shares of NYSE DG opened at $139.28 on Thursday. The stock has a fifty day moving average price of $145.94 and a 200 day moving average price of $139.54. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92. Dollar General Co. has a 12-month low of $101.09 and a 12-month high of $204.67. The company has a market cap of $30.60 billion, a P/E ratio of 18.42, a P/E/G ratio of 2.87 and a beta of 0.44.

Dollar General (NYSE:DGGet Free Report) last posted its earnings results on Thursday, March 14th. The company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.09. The business had revenue of $9.86 billion during the quarter, compared to analyst estimates of $9.77 billion. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.96 earnings per share. Research analysts anticipate that Dollar General Co. will post 7.27 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were paid a $0.59 dividend. The ex-dividend date of this dividend was Monday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 1.69%. Dollar General’s dividend payout ratio (DPR) is presently 31.22%.

Insider Activity at Dollar General

In other Dollar General news, Director Ralph Santana sold 3,009 shares of the business’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 transaction, the director now owns 3,248 shares in the company, valued at approximately $505,778.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Carman R. Wenkoff sold 5,909 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of 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 this link. Also, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total transaction of $468,561.48. Following the completion of the sale, the director now owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Dollar General Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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