EverSource Wealth Advisors LLC Cuts Position in Dollar General Co. (NYSE:DG)

EverSource Wealth Advisors LLC lessened its position in shares of Dollar General Co. (NYSE:DG) by 4.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,612 shares of the company’s stock after selling 156 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Dollar General were worth $564,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in DG. Burkett Financial Services LLC bought a new stake in shares of Dollar General in the 4th quarter valued at approximately $26,000. Fortis Group Advisors LLC lifted its stake in shares of Dollar General by 100.0% during 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 last quarter. MV Capital Management Inc. lifted its stake in shares of Dollar General by 78.0% during the 4th quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock worth $30,000 after acquiring an additional 96 shares during the last quarter. Salem Investment Counselors Inc. lifted its stake in shares of Dollar General by 104.9% during the 1st quarter. Salem Investment Counselors Inc. now owns 250 shares of the company’s stock worth $39,000 after acquiring an additional 128 shares during the last quarter. Finally, Crewe Advisors LLC bought a new stake in shares of Dollar General during the 1st quarter worth approximately $40,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

DG has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their price target on Dollar General from $155.00 to $145.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 4th. Argus decreased their price target on Dollar General from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Monday, July 15th. Piper Sandler decreased their target price on Dollar General from $147.00 to $141.00 and set a “neutral” rating for the company in a research report on Friday, May 31st. JPMorgan Chase & Co. decreased their target price on Dollar General from $161.00 to $137.00 and set a “neutral” rating for the company in a research report on Friday, May 31st. Finally, Truist Financial decreased their target price on Dollar General from $140.00 to $135.00 and set a “hold” 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $147.86.

Dollar General Stock Up 1.2 %

DG stock traded up $1.43 on Friday, hitting $121.59. 3,169,507 shares of the company’s stock were exchanged, compared to its average volume of 2,112,649. Dollar General Co. has a 12-month low of $101.09 and a 12-month high of $170.46. The firm has a 50 day moving average price of $127.63 and a two-hundred day moving average price of $138.42. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.18 and a current ratio of 1.22. The stock has a market cap of $26.74 billion, a P/E ratio of 17.70, a price-to-earnings-growth ratio of 2.36 and a beta of 0.43.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, May 30th. The company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.08. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The company had revenue of $9.91 billion during the quarter, compared to analysts’ expectations of $9.89 billion. During the same quarter in the previous year, the firm posted $2.34 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. As a group, equities research analysts expect that Dollar General Co. will post 7.21 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, July 9th. This represents a $2.36 dividend on an annualized basis and a yield of 1.94%. Dollar General’s dividend payout ratio is currently 34.35%.

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.