Sei Investments Co. Lowers Position in Dollar General Co. (NYSE:DG)

Sei Investments Co. decreased its holdings in shares of Dollar General Co. (NYSE:DG) by 25.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,180 shares of the company’s stock after selling 17,684 shares during the period. Sei Investments Co.’s holdings in Dollar General were worth $3,880,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Eagle Investment Management LLC bought a new stake in shares of Dollar General during the 4th quarter valued at about $399,433,000. ACR Alpine Capital Research LLC lifted its holdings in Dollar General by 8,426.1% in the fourth quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company’s stock worth $306,424,000 after buying an additional 3,994,070 shares during the period. Pzena Investment Management LLC boosted its position in Dollar General by 14.9% during the 4th quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company’s stock valued at $892,199,000 after acquiring an additional 1,528,450 shares in the last quarter. State Street Corp grew its holdings in shares of Dollar General by 8.3% during the 3rd quarter. State Street Corp now owns 9,958,704 shares of the company’s stock worth $842,208,000 after acquiring an additional 759,869 shares during the period. Finally, Erste Asset Management GmbH bought a new position in shares of Dollar General in the 4th quarter worth approximately $49,198,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DG has been the subject of several recent analyst reports. Wells Fargo & Company decreased their target price on shares of Dollar General from $90.00 to $80.00 and set an “equal weight” rating for the company in a report on Thursday, December 5th. Morgan Stanley decreased their price objective on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. BMO Capital Markets increased their target price on Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Citigroup decreased their price target on Dollar General from $73.00 to $69.00 and set a “sell” rating for the company in a research note on Friday, March 7th. Finally, Piper Sandler increased their price objective on Dollar General from $79.00 to $81.00 and gave the company a “neutral” rating in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $92.26.

Dollar General Price Performance

Shares of NYSE DG opened at $90.19 on Thursday. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The company’s 50-day moving average price is $77.22 and its 200 day moving average price is $77.97. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $164.12. The stock has a market cap of $19.84 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 2.18 and a beta of 0.44.

Dollar General (NYSE:DG) last released 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 business had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.26 billion. During the same period in the prior year, the business earned $1.83 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. As a group, research 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date is Tuesday, April 8th. Dollar General’s dividend payout ratio is presently 46.18%.

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.