Fidelis Capital Partners LLC Trims Holdings in Dollar General Co. (NYSE:DG)

Fidelis Capital Partners LLC lowered its holdings in Dollar General Co. (NYSE:DG) by 22.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,884 shares of the company’s stock after selling 532 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Dollar General were worth $249,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DG. Price T Rowe Associates Inc. MD boosted its holdings in Dollar General by 162.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,185,887 shares of the company’s stock valued at $2,472,372,000 after acquiring an additional 11,257,537 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Dollar General by 15.5% during the 4th 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 in the last quarter. Capital International Investors increased its position in shares of Dollar General by 13.9% during the fourth quarter. Capital International Investors now owns 18,676,538 shares of the company’s stock valued at $2,539,026,000 after buying an additional 2,273,119 shares during the period. Pzena Investment Management LLC bought a new position in Dollar General in the first quarter worth about $301,738,000. Finally, Interval Partners LP purchased a new stake in Dollar General in the first quarter worth about $87,081,000. 91.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DG. Evercore ISI decreased their target price on Dollar General from $139.00 to $100.00 and set an “in-line” rating for the company in a research report on Friday, August 30th. BMO Capital Markets decreased their price objective on Dollar General from $130.00 to $90.00 and set a “market perform” rating for the company in a report on Friday, August 30th. Melius Research started coverage on shares of Dollar General in a report on Monday. They set a “hold” rating and a $85.00 target price on the stock. Truist Financial decreased their price target on shares of Dollar General from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, August 26th. Finally, Piper Sandler dropped their price objective on shares of Dollar General from $147.00 to $141.00 and set a “neutral” rating on the stock in a research note on Friday, May 31st. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Dollar General has a consensus rating of “Hold” and an average target price of $112.57.

Dollar General Price Performance

DG opened at $86.02 on Tuesday. The company’s 50-day simple moving average is $107.60 and its two-hundred day simple moving average is $129.18. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22. The stock has a market capitalization of $18.92 billion, a P/E ratio of 12.52, a P/E/G ratio of 2.36 and a beta of 0.44. Dollar General Co. has a 52-week low of $77.96 and a 52-week high of $168.07.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.09). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The company had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $10.37 billion. During the same quarter in the prior year, the business posted $2.13 EPS. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, analysts predict that Dollar General Co. will post 5.85 EPS for the current year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Tuesday, October 8th. Dollar General’s dividend payout ratio is 34.35%.

Insiders Place Their Bets

In other news, Director Warren F. Bryant purchased 500 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was acquired at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the purchase, the director now directly owns 41,030 shares in the company, valued at approximately $3,298,812. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Dollar General news, Director Warren F. Bryant acquired 500 shares of the stock in a transaction dated Thursday, September 5th. The shares were purchased at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the purchase, the director now directly owns 41,030 shares of the company’s stock, valued at $3,298,812. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Warren F. Bryant bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were acquired at an average price of $80.83 per share, with a total value of $80,830.00. Following the completion of the transaction, the director now directly owns 42,030 shares of the company’s stock, valued at approximately $3,397,284.90. The disclosure for this purchase can be found here. Insiders own 0.49% of the company’s stock.

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.