Dollar General Co. (NYSE:DG) Stock Holdings Lessened by Triumph Capital Management

Triumph Capital Management lowered its stake in Dollar General Co. (NYSE:DG) by 57.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,964 shares of the company’s stock after selling 2,667 shares during the period. Triumph Capital Management’s holdings in Dollar General were worth $267,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Dollar General by 18.9% during the 3rd quarter. Vanguard Group Inc. now owns 21,711,407 shares of the company’s stock valued at $2,297,067,000 after purchasing an additional 3,457,393 shares during the period. The Manufacturers Life Insurance Company raised its stake in Dollar General by 98.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,106,653 shares of the company’s stock valued at $222,884,000 after purchasing an additional 1,043,141 shares during the period. Baupost Group LLC MA raised its stake in Dollar General by 283.1% during the 3rd quarter. Baupost Group LLC MA now owns 927,000 shares of the company’s stock valued at $98,077,000 after purchasing an additional 685,000 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Dollar General by 78.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,426,318 shares of the company’s stock valued at $150,904,000 after purchasing an additional 627,844 shares during the period. Finally, Equity Investment Corp raised its stake in Dollar General by 744.8% during the 3rd quarter. Equity Investment Corp now owns 638,695 shares of the company’s stock valued at $67,574,000 after purchasing an additional 563,095 shares during the period. Institutional investors own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

DG has been the topic of several recent analyst reports. Raymond James boosted their target price on shares of Dollar General from $150.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. Evercore ISI dropped their price target on shares of Dollar General from $162.00 to $160.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $170.00 price target on shares of Dollar General in a research note on Tuesday, April 2nd. StockNews.com raised shares of Dollar General from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Finally, The Goldman Sachs Group upped their price target on shares of Dollar General from $147.00 to $169.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Fifteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $153.08.

Insider Activity

In other Dollar General news, Director Ralph Santana sold 3,009 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total value of $468,561.48. Following the transaction, the director now directly owns 3,248 shares of the company’s stock, valued at $505,778.56. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total value of $958,617.07. Following the transaction, the executive vice president now directly owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total transaction of $468,561.48. Following the transaction, the director now directly owns 3,248 shares in the company, valued at $505,778.56. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

Dollar General Price Performance

DG opened at $137.58 on Thursday. Dollar General Co. has a one year low of $101.09 and a one year high of $221.50. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.19 and a quick ratio of 0.15. The company’s 50 day simple moving average is $150.21 and its 200-day simple moving average is $136.38. The stock has a market capitalization of $30.22 billion, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 2.49 and a beta of 0.44.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, March 14th. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.74 by $0.09. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The business had revenue of $9.86 billion for the quarter, compared to analysts’ expectations of $9.77 billion. During the same period in the prior year, the firm earned $2.96 earnings per share. Dollar General’s revenue was down 3.4% compared to the same quarter last year. Sell-side analysts anticipate that Dollar General Co. will post 7.28 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were paid a dividend of $0.59 per share. The ex-dividend date was Monday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 1.72%. Dollar General’s dividend payout ratio (DPR) is currently 31.22%.

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.