Nuveen Asset Management LLC Has $65.50 Million Stock Holdings in Dollar General Co. (NYSE:DG)

Nuveen Asset Management LLC lessened its holdings in Dollar General Co. (NYSE:DG) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 863,918 shares of the company’s stock after selling 38,929 shares during the period. Nuveen Asset Management LLC’s holdings in Dollar General were worth $65,502,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Deseret Mutual Benefit Administrators raised its position in Dollar General by 8.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company’s stock worth $143,000 after purchasing an additional 150 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of Dollar General by 9.8% during the fourth quarter. Federated Hermes Inc. now owns 2,159 shares of the company’s stock worth $164,000 after buying an additional 192 shares in the last quarter. Colonial Trust Co SC increased its holdings in shares of Dollar General by 13.9% during the fourth quarter. Colonial Trust Co SC now owns 1,633 shares of the company’s stock worth $124,000 after buying an additional 199 shares in the last quarter. Metis Global Partners LLC increased its holdings in shares of Dollar General by 3.6% during the fourth quarter. Metis Global Partners LLC now owns 7,297 shares of the company’s stock worth $553,000 after buying an additional 255 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Dollar General by 4.3% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 6,322 shares of the company’s stock worth $479,000 after buying an additional 263 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insider Transactions at Dollar General

In related news, EVP Emily C. Taylor sold 809 shares of the firm’s stock in a transaction on 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 trade represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.56% of the company’s stock.

Dollar General Price Performance

Shares of DG stock opened at $93.55 on Friday. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $147.79. The stock has a market cap of $20.58 billion, a PE ratio of 15.41, a PEG ratio of 2.18 and a beta of 0.27. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The firm’s 50 day moving average price is $88.81 and its two-hundred day moving average price is $79.96.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.17. The company had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $1.83 earnings per share. 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 declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.52%. Dollar General’s dividend payout ratio is 46.18%.

Analyst Upgrades and Downgrades

DG has been the subject of several recent analyst reports. Melius Research raised shares of Dollar General from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 8th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $85.00 price objective on shares of Dollar General in a report on Thursday, March 13th. The Goldman Sachs Group decreased their price target on shares of Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Truist Financial increased their price target on shares of Dollar General from $76.00 to $93.00 and gave the company a “hold” rating in a research note on Tuesday, April 8th. Finally, Citigroup raised shares of Dollar General from a “sell” rating to a “neutral” rating and increased their price target for the company from $69.00 to $101.00 in a research note on Monday, April 7th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $95.16.

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.