Demars Financial Group LLC Cuts Stock Holdings in Dollar General Co. (NYSE:DG)

Demars Financial Group LLC decreased its stake in shares of Dollar General Co. (NYSE:DG) by 9.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,200 shares of the company’s stock after selling 458 shares during the period. Demars Financial Group LLC’s holdings in Dollar General were worth $571,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of DG. McGlone Suttner Wealth Management Inc. purchased a new position in Dollar General in the fourth quarter worth $25,000. Studio Investment Management LLC bought a new stake in shares of Dollar General in the third quarter valued at $26,000. MV Capital Management Inc. raised its stake in shares of Dollar General by 78.0% in the fourth quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock valued at $30,000 after buying an additional 96 shares during the period. Covestor Ltd raised its stake in shares of Dollar General by 48.3% in the third quarter. Covestor Ltd now owns 304 shares of the company’s stock valued at $33,000 after buying an additional 99 shares during the period. Finally, Lowe Wealth Advisors LLC bought a new stake in shares of Dollar General in the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Insider Activity

In related news, EVP Carman R. Wenkoff sold 5,909 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total value of $958,617.07. Following the transaction, the executive vice president now owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Carman R. Wenkoff sold 5,909 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total value 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 approximately $4,636,371.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ralph Santana sold 3,009 shares of the firm’s stock in a transaction on Thursday, April 11th. The stock was 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 directly owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Dollar General Price Performance

NYSE:DG opened at $142.67 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $31.34 billion, a P/E ratio of 18.88, a P/E/G ratio of 2.55 and a beta of 0.42. Dollar General Co. has a 12 month low of $101.09 and a 12 month high of $222.99. The business’s 50-day moving average is $149.98 and its 200 day moving average is $135.07.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, March 14th. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.09. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The company had revenue of $9.86 billion for the quarter, compared to the consensus estimate of $9.77 billion. During the same period in the previous year, the business earned $2.96 earnings per share. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, equities research analysts forecast that Dollar General Co. will post 7.28 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were paid a dividend of $0.59 per share. The ex-dividend date was Monday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.65%. Dollar General’s dividend payout ratio is 31.22%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Piper Sandler restated a “neutral” rating and set a $147.00 target price (up from $127.00) on shares of Dollar General in a research report on Friday, March 15th. The Goldman Sachs Group raised their price objective on Dollar General from $147.00 to $169.00 and gave the company a “buy” rating in a report on Friday, March 15th. StockNews.com upgraded Dollar General from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Telsey Advisory Group reiterated an “outperform” rating and issued a $170.00 price objective on shares of Dollar General in a research report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on Dollar General from $158.00 to $161.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. Fifteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $153.08.

About Dollar General

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.