Cynosure Group LLC Reduces Stock Position in Dollar General Co. (NYSE:DG)

Cynosure Group LLC lessened its stake in shares of Dollar General Co. (NYSE:DG) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,265 shares of the company’s stock after selling 1,078 shares during the period. Cynosure Group LLC’s holdings in Dollar General were worth $1,840,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. IMG Wealth Management Inc. purchased a new position in Dollar General during the 4th quarter valued at about $25,000. Wilmington Savings Fund Society FSB purchased a new position in Dollar General during the 3rd quarter worth approximately $33,000. Providence First Trust Co acquired a new position in shares of Dollar General in the 4th quarter valued at about $33,000. Bogart Wealth LLC boosted its holdings in Dollar General by 279.8% during the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock worth $37,000 after buying an additional 361 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its position in shares of Dollar General by 126.4% during the 4th quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock valued at $38,000 after acquiring an additional 278 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Trading Down 0.3 %

Shares of DG opened at $87.67 on Wednesday. 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 Co. has a fifty-two week low of $66.43 and a fifty-two week high of $164.12. The company has a market capitalization of $19.28 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44. The stock has a fifty day moving average of $76.83 and a two-hundred day moving average of $77.88.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the firm posted $1.83 EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. As a group, analysts forecast that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.69%. Dollar General’s payout ratio is 46.18%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Barclays reduced their price objective on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, January 9th. Bank of America reduced their target price on Dollar General from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. Wells Fargo & Company reduced their price objective on Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 5th. Piper Sandler lifted their price target on shares of Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a research note on Friday, March 14th. Finally, Morgan Stanley dropped their target price on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $92.26.

Dollar General Company 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.