Resources Management Corp CT ADV Reduces Stake in Dollar General Co. (NYSE:DG)

Resources Management Corp CT ADV reduced its position in Dollar General Co. (NYSE:DG) by 17.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,565 shares of the company’s stock after selling 335 shares during the period. Resources Management Corp CT ADV’s holdings in Dollar General were worth $132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of DG. Pzena Investment Management LLC raised its holdings in Dollar General by 453.4% in the 3rd quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock worth $865,903,000 after purchasing an additional 8,388,735 shares during the period. State Street Corp raised its holdings in Dollar General by 8.3% in the 3rd quarter. State Street Corp now owns 9,958,704 shares of the company’s stock worth $842,208,000 after purchasing an additional 759,869 shares during the period. Baupost Group LLC MA bought a new position in Dollar General in the 3rd quarter worth $194,832,000. Charles Schwab Investment Management Inc. raised its holdings in Dollar General by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,434,960 shares of the company’s stock worth $121,355,000 after purchasing an additional 31,200 shares during the period. Finally, Point72 Asset Management L.P. raised its holdings in Dollar General by 148.6% during the second quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company’s stock valued at $169,257,000 after acquiring an additional 765,206 shares during the period. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Dollar General

In other news, EVP Steven R. Deckard sold 2,010 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total transaction of $174,186.60. Following the sale, the executive vice president now directly owns 2,887 shares of the company’s stock, valued at $250,187.42. The trade was a 41.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Roderick J. West sold 2,510 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total transaction of $208,957.50. Following the sale, the executive vice president now directly owns 9,163 shares in the company, valued at $762,819.75. This trade represents a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Dollar General Stock Performance

Shares of NYSE:DG opened at $82.40 on Wednesday. The company has a market capitalization of $18.12 billion, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 2.42 and a beta of 0.44. Dollar General Co. has a 52 week low of $72.12 and a 52 week high of $168.07. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The firm has a 50 day moving average of $79.44 and a 200 day moving average of $102.92.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). The business had revenue of $10.18 billion for the quarter, compared to analyst estimates of $10.14 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.26 earnings per share. On average, sell-side analysts predict that Dollar General Co. will post 5.77 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Tuesday, January 7th. Dollar General’s payout ratio is presently 38.88%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DG. Telsey Advisory Group decreased their price target on Dollar General from $103.00 to $90.00 and set a “market perform” rating on the stock in a report on Monday, December 2nd. Citigroup cut Dollar General from a “neutral” rating to a “sell” rating and decreased their price target for the company from $91.00 to $73.00 in a report on Friday, September 27th. JPMorgan Chase & Co. cut their price objective on Dollar General from $97.00 to $82.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Truist Financial cut their price objective on Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a research report on Friday, December 6th. Finally, Bernstein Bank cut their price objective on Dollar General from $98.00 to $94.00 in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and a consensus target price of $98.27.

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.