Atlas Brown Inc. Has $315,000 Holdings in Dollar General Co. (NYSE:DG)

Atlas Brown Inc. cut its holdings in Dollar General Co. (NYSE:DG) by 6.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,021 shares of the company’s stock after selling 131 shares during the quarter. Atlas Brown Inc.’s holdings in Dollar General were worth $315,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. McGlone Suttner Wealth Management Inc. bought a new position in Dollar General in the fourth quarter valued at about $25,000. Studio Investment Management LLC bought a new position in Dollar General in the third quarter valued at about $26,000. Burkett Financial Services LLC bought a new position in Dollar General in the fourth quarter valued at about $26,000. Fortis Group Advisors LLC raised its position in shares of Dollar General by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock worth $27,000 after acquiring an additional 100 shares during the last quarter. Finally, MV Capital Management Inc. raised its position in shares of Dollar General by 78.0% during 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 last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Argus raised their price objective on Dollar General from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Evercore ISI lowered their price objective on Dollar General from $162.00 to $160.00 and set an “in-line” rating for the company in a research report on Tuesday, April 2nd. Morgan Stanley raised their price objective on Dollar General from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Truist Financial lowered their price objective on Dollar General from $140.00 to $135.00 and set a “hold” rating for the company in a research report on Friday, May 31st. Finally, BMO Capital Markets lowered their price objective on Dollar General from $150.00 to $140.00 and set a “market perform” rating for the company in a research report on Friday, May 31st. Twelve analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $148.41.

Insider Activity at Dollar General

In related news, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total transaction of $468,561.48. Following the transaction, the director now owns 3,248 shares of the company’s stock, valued at $505,778.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total transaction of $958,617.07. Following the sale, the executive vice president now directly owns 28,579 shares in the company, valued at $4,636,371.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction 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 sale, the director now owns 3,248 shares in the company, valued at $505,778.56. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

Dollar General Trading Down 0.2 %

Shares of Dollar General stock opened at $126.59 on Thursday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.18 and a current ratio of 1.22. Dollar General Co. has a 52 week low of $101.09 and a 52 week high of $173.47. The stock has a 50 day moving average price of $138.17 and a two-hundred day moving average price of $140.03. The stock has a market capitalization of $27.84 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 2.49 and a beta of 0.45.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, May 30th. The company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.08. The firm had revenue of $9.91 billion during the quarter, compared to analysts’ expectations of $9.89 billion. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.34 earnings per share. As a group, equities analysts anticipate that Dollar General Co. will post 7.21 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, July 9th. This represents a $2.36 annualized dividend and a dividend yield of 1.86%. Dollar General’s payout ratio is 34.35%.

About Dollar General

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.