Bryn Mawr Capital Management LLC Has $452,000 Stock Holdings in Dollar General Co. (NYSE:DG)

Bryn Mawr Capital Management LLC cut its position in shares of Dollar General Co. (NYSE:DG) by 62.5% during the 4th quarter, Holdings Channel reports. The firm owned 3,326 shares of the company’s stock after selling 5,554 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Dollar General were worth $452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of DG. McGlone Suttner Wealth Management Inc. bought a new stake in Dollar General in the 4th quarter valued at about $25,000. MV Capital Management Inc. lifted its holdings in shares of Dollar General by 78.0% during the 4th 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 period. Lowe Wealth Advisors LLC bought a new stake in shares of Dollar General during the 4th quarter worth approximately $33,000. Studio Investment Management LLC bought a new stake in shares of Dollar General during the 3rd quarter worth approximately $26,000. Finally, Creative Financial Designs Inc. ADV lifted its holdings in shares of Dollar General by 53.6% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 298 shares of the company’s stock worth $41,000 after acquiring an additional 104 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Price Performance

NYSE DG opened at $142.07 on Friday. Dollar General Co. has a 12 month low of $101.09 and a 12 month high of $222.99. The stock has a market cap of $31.21 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 2.54 and a beta of 0.42. The company’s 50 day moving average is $150.37 and its two-hundred day moving average is $135.67. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92.

Dollar General (NYSE:DG) last released its earnings results on Thursday, March 14th. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.09. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The company had revenue of $9.86 billion for the quarter, compared to analysts’ expectations of $9.77 billion. During the same quarter last year, the business earned $2.96 EPS. The firm’s revenue was down 3.4% compared to the same quarter last year. As a group, research analysts anticipate that Dollar General Co. will post 7.28 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Monday, April 8th. Dollar General’s payout ratio is currently 31.22%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Argus upped their price objective on shares of Dollar General from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Piper Sandler reaffirmed a “neutral” rating and set a $147.00 price target (up previously from $127.00) on shares of Dollar General in a research note on Friday, March 15th. Morgan Stanley lifted their target price on shares of Dollar General from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. Barclays raised shares of Dollar General from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $124.00 to $154.00 in a research note on Thursday, January 4th. Finally, Truist Financial lifted their target price on shares of Dollar General from $125.00 to $140.00 and gave the stock a “hold” rating in a research note on Friday, March 15th. Fifteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $153.08.

Insider Activity

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

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.