Parkside Financial Bank & Trust Raises Stock Holdings in Dollar General Co. (NYSE:DG)

Parkside Financial Bank & Trust lifted its holdings in shares of Dollar General Co. (NYSE:DG) by 57.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 744 shares of the company’s stock after acquiring an additional 272 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Dollar General were worth $101,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of DG. McGlone Suttner Wealth Management Inc. purchased a new stake in Dollar General in the fourth quarter worth $25,000. Studio Investment Management LLC bought a new position in shares of Dollar General in the third quarter worth $26,000. MV Capital Management Inc. boosted its holdings in shares of Dollar General by 78.0% in the fourth 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 period. Covestor Ltd boosted its stake in Dollar General by 48.3% during the third quarter. Covestor Ltd now owns 304 shares of the company’s stock valued at $33,000 after buying an additional 99 shares during the period. Finally, Lowe Wealth Advisors LLC bought a new stake in Dollar General during the fourth quarter valued at $33,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Piper Sandler restated a “neutral” rating and set a $147.00 price target (up previously from $127.00) on shares of Dollar General in a research report on Friday, March 15th. Truist Financial raised their price target on Dollar General from $125.00 to $140.00 and gave the company a “hold” rating in a research report on Friday, March 15th. Evercore ISI lowered their price target on Dollar General from $162.00 to $160.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 2nd. Morgan Stanley raised their price target on Dollar General from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. Finally, Wells Fargo & Company raised their price target on Dollar General from $125.00 to $155.00 and gave the company an “equal weight” rating in a research report on Friday, March 15th. Fifteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Dollar General presently has an average rating of “Hold” and a consensus target price of $153.08.

Insider Buying and Selling at Dollar General

In other news, EVP Carman R. Wenkoff sold 5,909 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total value of $958,617.07. Following the sale, the executive vice president now directly owns 28,579 shares of the company’s stock, valued at approximately $4,636,371.17. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Carman R. Wenkoff sold 5,909 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total value of $958,617.07. Following the sale, the executive vice president now directly owns 28,579 shares of the company’s stock, valued at approximately $4,636,371.17. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Ralph Santana sold 3,009 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the sale, 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. Insiders own 0.49% of the company’s stock.

Dollar General Stock Down 0.4 %

Shares of NYSE:DG opened at $142.59 on Friday. Dollar General Co. has a 1 year low of $101.09 and a 1 year high of $222.99. The company has a market cap of $31.32 billion, a PE ratio of 18.86, a P/E/G ratio of 2.56 and a beta of 0.42. 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 stock’s 50-day moving average is $150.36 and its 200 day moving average is $135.18.

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

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were given a dividend of $0.59 per share. The ex-dividend date was Monday, April 8th. This represents a $2.36 annualized dividend and a yield of 1.66%. Dollar General’s payout ratio is 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.