Poehling Capital Management INC. Raises Stock Holdings in Dollar General Co. (NYSE:DG)

Poehling Capital Management INC. grew its stake in Dollar General Co. (NYSE:DG) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,771 shares of the company’s stock after buying an additional 1,004 shares during the quarter. Poehling Capital Management INC.’s holdings in Dollar General were worth $3,319,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. First Heartland Consultants Inc. purchased a new stake in Dollar General in the fourth quarter worth about $442,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Dollar General by 25.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,092,158 shares of the company’s stock worth $82,807,000 after buying an additional 218,379 shares in the last quarter. USS Investment Management Ltd purchased a new stake in shares of Dollar General during the fourth quarter worth about $3,713,000. Voloridge Investment Management LLC grew its position in shares of Dollar General by 32.6% during the fourth quarter. Voloridge Investment Management LLC now owns 1,027,704 shares of the company’s stock worth $77,921,000 after purchasing an additional 252,654 shares in the last quarter. Finally, Waverly Advisors LLC grew its position in shares of Dollar General by 130.6% during the fourth quarter. Waverly Advisors LLC now owns 18,383 shares of the company’s stock worth $1,394,000 after purchasing an additional 10,412 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Insider Activity

In related news, EVP Emily C. Taylor sold 809 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the sale, the executive vice president now directly owns 48,532 shares of the company’s stock, valued at approximately $4,596,951.04. This trade represents a 1.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.56% of the company’s stock.

Dollar General Price Performance

NYSE:DG opened at $100.81 on Thursday. The firm has a market capitalization of $22.17 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 2.18 and a beta of 0.27. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $145.94. The business has a 50 day simple moving average of $90.15 and a 200-day simple moving average of $80.37. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15.

Dollar General (NYSE:DG) last posted its quarterly earnings data 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. The business had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.26 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the company earned $1.83 EPS. Equities analysts forecast that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend was Tuesday, April 8th. Dollar General’s payout ratio is 46.18%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Morgan Stanley increased their target price on Dollar General from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Monday. Citigroup upgraded Dollar General from a “sell” rating to a “neutral” rating and increased their target price for the stock from $69.00 to $101.00 in a research report on Monday, April 7th. UBS Group cut their target price on Dollar General from $108.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Melius Research upgraded Dollar General from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 8th. Finally, Piper Sandler increased their target price on Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $95.48.

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.