Dollar General Co. (NYSE:DG) Shares Sold by InterOcean Capital Group LLC

InterOcean Capital Group LLC cut its holdings in Dollar General Co. (NYSE:DG) by 12.1% during the 1st quarter, Holdings Channel reports. The firm owned 1,614 shares of the company’s stock after selling 222 shares during the period. InterOcean Capital Group LLC’s holdings in Dollar General were worth $252,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Dollar General during the 4th quarter worth about $25,000. Burkett Financial Services LLC acquired a new stake in Dollar General during the fourth quarter worth approximately $26,000. Fortis Group Advisors LLC grew its stake in Dollar General by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock worth $27,000 after acquiring an additional 100 shares during the period. MV Capital Management Inc. raised its holdings in Dollar General by 78.0% in the 4th quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock valued at $30,000 after acquiring an additional 96 shares during the last quarter. Finally, Montag A & Associates Inc. purchased a new position in shares of Dollar General during the 4th quarter worth $37,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Argus lowered their price objective on Dollar General from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, July 15th. Wells Fargo & Company lowered their price target on Dollar General from $155.00 to $145.00 and set an “equal weight” rating for the company in a report on Tuesday, June 4th. Evercore ISI dropped their price objective on shares of Dollar General from $151.00 to $148.00 and set an “in-line” rating for the company in a research note on Tuesday, July 2nd. Piper Sandler lowered their target price on shares of Dollar General from $147.00 to $141.00 and set a “neutral” rating for the company in a report on Friday, May 31st. Finally, BMO Capital Markets dropped their price target on shares of Dollar General from $150.00 to $140.00 and set a “market perform” rating for the company in a research report on Friday, May 31st. Twelve investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $147.86.

Dollar General Stock Up 1.1 %

Shares of NYSE:DG opened at $118.31 on Friday. The company has a market capitalization of $26.02 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 2.30 and a beta of 0.43. The company has a 50 day moving average of $130.25 and a two-hundred day moving average of $139.05. Dollar General Co. has a 52-week low of $101.09 and a 52-week high of $173.47. The company has a quick ratio of 0.18, a current ratio of 1.22 and a debt-to-equity ratio of 0.89.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, May 30th. The company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.08. Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The business had revenue of $9.91 billion during the quarter, compared to the consensus estimate of $9.89 billion. During the same period in the prior year, the firm earned $2.34 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, analysts forecast that Dollar General Co. will post 7.21 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 23rd. Stockholders of record on Tuesday, July 9th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend was Tuesday, July 9th. Dollar General’s payout ratio is 34.35%.

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.