Rothschild Investment LLC Cuts Stock Holdings in Dollar General Co. (NYSE:DG)

Rothschild Investment LLC trimmed its position in shares of Dollar General Co. (NYSE:DG) by 7.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,217 shares of the company’s stock after selling 271 shares during the quarter. Rothschild Investment LLC’s holdings in Dollar General were worth $283,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Altshuler Shaham Ltd purchased a new stake in Dollar General in the 4th quarter worth $25,000. IMG Wealth Management Inc. purchased a new stake in Dollar General in the 4th quarter worth $25,000. Providence First Trust Co purchased a new stake in Dollar General in the 4th quarter worth $33,000. Ameriflex Group Inc. purchased a new stake in Dollar General in the 4th quarter worth $31,000. Finally, Bogart Wealth LLC increased its holdings in Dollar General by 279.8% in the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock worth $37,000 after acquiring an additional 361 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Trading Up 0.1%

NYSE DG opened at $97.17 on Monday. The firm’s 50-day moving average is $92.58 and its two-hundred day moving average is $81.45. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $141.24. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The stock has a market capitalization of $21.37 billion, a P/E ratio of 16.01, a PEG ratio of 2.18 and a beta of 0.27.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $10.26 billion. During the same quarter in the prior year, the company posted $1.83 earnings per share. Dollar General’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.43%. Dollar General’s payout ratio is currently 46.18%.

Analysts Set New Price Targets

Several equities research analysts recently commented on DG shares. Melius Research raised shares of Dollar General from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 8th. Melius raised shares of Dollar General from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research note on Tuesday, April 8th. Citigroup raised shares of Dollar General from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $69.00 to $101.00 in a research note on Monday, April 7th. UBS Group lifted their target price on shares of Dollar General from $95.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Truist Financial lifted their target price on shares of Dollar General from $76.00 to $93.00 and gave the stock a “hold” rating in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Dollar General currently has an average rating of “Hold” and an average target price of $98.96.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the business’s stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the sale, the executive vice president now directly owns 48,532 shares in the company, valued at $4,596,951.04. This represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is currently owned by corporate insiders.

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.