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

EverSource Wealth Advisors LLC reduced its position in shares of Dollar General Co. (NYSE:DG) by 10.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,966 shares of the company’s stock after selling 227 shares during the period. EverSource Wealth Advisors LLC’s holdings in Dollar General were worth $149,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Dollar General in the third quarter worth about $33,000. Providence First Trust Co acquired a new stake in Dollar General in the 4th quarter valued at about $33,000. Bogart Wealth LLC lifted its stake in Dollar General by 279.8% in the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock worth $37,000 after purchasing an additional 361 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Dollar General by 126.4% during the 4th quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock worth $38,000 after purchasing an additional 278 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new stake in shares of Dollar General in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on DG shares. Truist Financial lowered their price objective on Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a research note on Friday, December 6th. Citigroup lowered their price target on shares of Dollar General from $73.00 to $69.00 and set a “sell” rating on the stock in a research report on Friday, March 7th. UBS Group cut their price objective on shares of Dollar General from $108.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Morgan Stanley decreased their target price on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Finally, Bank of America cut their price target on shares of Dollar General from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $92.26.

Dollar General Stock Up 1.1 %

Shares of DG opened at $79.87 on Tuesday. 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 stock has a market capitalization of $17.56 billion, a PE ratio of 13.16, a P/E/G ratio of 2.18 and a beta of 0.44. The company’s 50-day simple moving average is $73.77 and its 200-day simple moving average is $77.71. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $164.12.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.51 by $0.17. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company had revenue of $10.30 billion during the quarter, compared to analysts’ expectations of $10.26 billion. During the same quarter last year, the company posted $1.83 EPS. The firm’s revenue was up 4.5% compared to the same quarter last year. Analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General’s dividend payout ratio is currently 46.18%.

Insider Activity

In other news, Director Michael M. Calbert sold 6,000 shares of the firm’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total value of $451,620.00. Following the sale, the director now directly owns 120,322 shares in the company, valued at approximately $9,056,636.94. This trade represents a 4.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.49% of the company’s stock.

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.