Navalign LLC Sells 661 Shares of Dollar General Co. (NYSE:DG)

Navalign LLC trimmed its position in Dollar General Co. (NYSE:DG) by 15.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,540 shares of the company’s stock after selling 661 shares during the quarter. Navalign LLC’s holdings in Dollar General were worth $481,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of DG. First Manhattan Co. grew its stake in Dollar General by 447.4% in the 4th quarter. First Manhattan Co. now owns 104 shares of the company’s stock valued at $26,000 after buying an additional 85 shares during the last quarter. Financial Freedom LLC acquired a new position in shares of Dollar General during the 4th quarter worth approximately $26,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Dollar General during the 1st quarter worth approximately $28,000. Atlas Capital Advisors LLC acquired a new stake in shares of Dollar General during the 2nd quarter worth approximately $32,000. Finally, Resurgent Financial Advisors LLC acquired a new stake in shares of Dollar General during the 2nd quarter worth approximately $25,000. 91.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

DG has been the topic of several analyst reports. Barclays upgraded shares of Dollar General from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $124.00 to $154.00 in a research report on Thursday, January 4th. Citigroup increased their price objective on shares of Dollar General from $115.00 to $138.00 and gave the company a “neutral” rating in a research note on Friday, December 8th. Raymond James increased their price objective on shares of Dollar General from $150.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. Wells Fargo & Company raised their price target on shares of Dollar General from $125.00 to $155.00 and gave the company an “equal weight” rating in a research note on Friday, March 15th. Finally, Morgan Stanley raised their price target on shares of Dollar General from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. Fifteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $153.04.

Dollar General Stock Up 1.3 %

Shares of DG traded up $2.03 during trading hours on Thursday, reaching $156.24. 1,807,437 shares of the stock traded hands, compared to its average volume of 2,423,151. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92. The stock has a fifty day simple moving average of $143.33 and a 200 day simple moving average of $129.53. Dollar General Co. has a 52 week low of $101.09 and a 52 week high of $222.99. The company has a market cap of $34.32 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 2.69 and a beta of 0.41.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, March 14th. The company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.74 by $0.09. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The business had revenue of $9.86 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same quarter in the previous year, the firm posted $2.96 earnings per share. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, equities analysts forecast that Dollar General Co. will post 7.3 EPS for the current year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 1.51%. Dollar General’s dividend payout ratio is presently 31.22%.

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.