Allspring Global Investments Holdings LLC Has $45.77 Million Holdings in Dollar General Co. (NYSE:DG)

Allspring Global Investments Holdings LLC trimmed its position in Dollar General Co. (NYSE:DGFree Report) by 6.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 293,290 shares of the company’s stock after selling 20,460 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.13% of Dollar General worth $45,771,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Comerica Bank bought a new position in shares of Dollar General during the 3rd quarter worth about $12,047,000. Prime Capital Investment Advisors LLC lifted its stake in Dollar General by 294.5% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 18,924 shares of the company’s stock worth $2,573,000 after purchasing an additional 14,127 shares during the period. Vanguard Group Inc. boosted its holdings in Dollar General by 15.5% during the fourth quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock valued at $3,408,514,000 after purchasing an additional 3,360,413 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Dollar General in the 4th quarter valued at approximately $18,861,000. Finally, Nexus Investment Management ULC lifted its position in shares of Dollar General by 10.5% during the 1st quarter. Nexus Investment Management ULC now owns 191,800 shares of the company’s stock worth $29,932,000 after buying an additional 18,280 shares during the period. 91.77% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Dollar General news, Director Ralph Santana sold 3,009 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now owns 3,248 shares of the company’s stock, valued at $505,778.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Raymond James increased their price objective on Dollar General from $150.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. BMO Capital Markets cut their price target on shares of Dollar General from $150.00 to $140.00 and set a “market perform” rating for the company in a report on Friday, May 31st. Piper Sandler decreased their price objective on shares of Dollar General from $147.00 to $141.00 and set a “neutral” rating on the stock in a research note on Friday, May 31st. Truist Financial cut their target price on shares of Dollar General from $140.00 to $135.00 and set a “hold” rating for the company in a research note on Friday, May 31st. Finally, Morgan Stanley increased their price target on Dollar General from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Twelve investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $148.09.

Check Out Our Latest Research Report on Dollar General

Dollar General Price Performance

Shares of DG stock opened at $125.43 on Thursday. The firm’s 50 day moving average price is $135.26 and its two-hundred day moving average price is $140.06. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.18 and a current ratio of 1.22. Dollar General Co. has a 52-week low of $101.09 and a 52-week high of $173.47. The stock has a market cap of $27.58 billion, a PE ratio of 18.26, a PEG ratio of 2.60 and a beta of 0.43.

Dollar General (NYSE:DGGet Free Report) last posted its quarterly earnings results on Thursday, May 30th. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.08. The business had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.89 billion. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The firm’s revenue was up 6.1% on a year-over-year basis. During the same period last year, the company earned $2.34 EPS. As a group, analysts forecast that Dollar General Co. will post 7.21 EPS for the current year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th will be given a $0.59 dividend. The ex-dividend date is Tuesday, July 9th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.88%. Dollar General’s dividend payout ratio is 34.35%.

About Dollar General

(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.

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

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