Ethic Inc. Has $1.03 Million Stock Holdings in Dollar General Co. (NYSE:DG)

Ethic Inc. increased its holdings in Dollar General Co. (NYSE:DG) by 21.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,569 shares of the company’s stock after purchasing an additional 2,392 shares during the period. Ethic Inc.’s holdings in Dollar General were worth $1,029,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DG. Estuary Capital Management LP increased its holdings in shares of Dollar General by 64.7% during the fourth quarter. Estuary Capital Management LP now owns 568,634 shares of the company’s stock worth $43,114,000 after buying an additional 223,300 shares in the last quarter. First Manhattan CO. LLC. acquired a new stake in shares of Dollar General during the fourth quarter worth approximately $757,000. Fullcircle Wealth LLC acquired a new stake in shares of Dollar General during the fourth quarter worth approximately $630,000. Deutsche Bank AG increased its holdings in shares of Dollar General by 17.2% during the fourth quarter. Deutsche Bank AG now owns 1,038,377 shares of the company’s stock worth $78,730,000 after buying an additional 152,429 shares in the last quarter. Finally, Dean Capital Management acquired a new stake in shares of Dollar General during the fourth quarter worth approximately $1,566,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insider Activity

In other news, EVP Emily C. Taylor sold 809 shares of the business’s stock in a transaction on Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the transaction, the executive vice president now owns 48,532 shares of the company’s stock, valued at $4,596,951.04. The trade was a 1.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.56% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DG. The Goldman Sachs Group dropped their price objective on shares of Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Citigroup raised shares of Dollar General from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $69.00 to $101.00 in a report on Monday, April 7th. UBS Group dropped their price objective on shares of Dollar General from $108.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Melius upgraded shares of Dollar General from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research report on Tuesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $80.00 price objective (down previously from $90.00) on shares of Dollar General in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $95.16.

Dollar General Price Performance

DG opened at $86.86 on Wednesday. The company has a fifty day moving average price of $88.20 and a two-hundred day moving average price of $79.72. 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 52 week low of $66.43 and a 52 week high of $147.87. The firm has a market capitalization of $19.10 billion, a PE ratio of 14.31, a P/E/G ratio of 2.18 and a beta of 0.27.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, beating 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 company had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.26 billion. During the same quarter in the previous year, the business earned $1.83 EPS. The firm’s revenue was up 4.5% on a year-over-year basis. As a group, analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend was Tuesday, April 8th. Dollar General’s dividend payout ratio (DPR) is 46.18%.

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.