NorthCrest Asset Manangement LLC Lowers Holdings in Dollar General Co. (NYSE:DG)

NorthCrest Asset Manangement LLC trimmed its position in Dollar General Co. (NYSE:DG) by 1.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,267 shares of the company’s stock after selling 411 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Dollar General were worth $5,325,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in DG. Cetera Investment Advisers increased its position in Dollar General by 278.1% during the 1st quarter. Cetera Investment Advisers now owns 64,628 shares of the company’s stock valued at $10,086,000 after buying an additional 47,534 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Dollar General by 15.5% in the fourth quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock valued at $3,408,514,000 after purchasing an additional 3,360,413 shares during the period. Nexus Investment Management ULC increased its holdings in shares of Dollar General by 10.5% in the first quarter. Nexus Investment Management ULC now owns 191,800 shares of the company’s stock valued at $29,932,000 after purchasing an additional 18,280 shares during the period. FIL Ltd increased its holdings in shares of Dollar General by 31.4% in the fourth quarter. FIL Ltd now owns 1,340,157 shares of the company’s stock valued at $182,194,000 after purchasing an additional 320,157 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Dollar General in the first quarter valued at about $15,896,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DG has been the topic of a number of research reports. Telsey Advisory Group reissued an “outperform” rating and issued a $170.00 price objective on shares of Dollar General in a report on Thursday, May 30th. Argus dropped their target price on Dollar General from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, July 15th. JPMorgan Chase & Co. dropped their target price on Dollar General from $161.00 to $137.00 and set a “neutral” rating on the stock in a report on Friday, May 31st. Piper Sandler dropped their target price on Dollar General from $147.00 to $141.00 and set a “neutral” rating on the stock in a report on Friday, May 31st. Finally, Wells Fargo & Company dropped their target price on Dollar General from $155.00 to $145.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 4th. Twelve analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $147.41.

Dollar General Trading Down 0.4 %

Shares of DG stock traded down $0.50 on Wednesday, hitting $116.34. The stock had a trading volume of 497,222 shares, compared to its average volume of 2,408,851. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.22 and a quick ratio of 0.18. The firm has a market capitalization of $25.58 billion, a P/E ratio of 17.01, a P/E/G ratio of 2.36 and a beta of 0.43. Dollar General Co. has a 1 year low of $101.09 and a 1 year high of $168.07. The company’s 50 day moving average price is $125.00 and its 200-day moving average price is $137.73.

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

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, July 9th. This represents a $2.36 annualized dividend and a yield of 2.03%. Dollar General’s payout ratio is 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.