Jackson Hole Capital Partners LLC Has $1.71 Million Stock Holdings in Dollar General Co. (NYSE:DG)

Jackson Hole Capital Partners LLC decreased its position in Dollar General Co. (NYSE:DG) by 20.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,597 shares of the company’s stock after selling 3,268 shares during the period. Jackson Hole Capital Partners LLC’s holdings in Dollar General were worth $1,713,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of DG. Comerica Bank acquired a new position in shares of Dollar General in the 3rd quarter valued at $12,047,000. Prime Capital Investment Advisors LLC boosted its holdings in shares of Dollar General by 294.5% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 18,924 shares of the company’s stock worth $2,573,000 after acquiring an additional 14,127 shares during the period. International Assets Investment Management LLC bought a new position in shares of Dollar General in the fourth quarter worth $18,861,000. Professional Advisory Services Inc. grew its position in Dollar General by 12.6% in the fourth quarter. Professional Advisory Services Inc. now owns 150,960 shares of the company’s stock valued at $20,523,000 after acquiring an additional 16,899 shares during the last quarter. Finally, Live Oak Private Wealth LLC acquired a new stake in shares of Dollar General during the third quarter valued at about $1,374,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, 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 completion of the sale, the director now owns 3,248 shares of the company’s stock, valued at $505,778.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 stock was sold at an average price of $162.23, for a total value of $958,617.07. Following the completion of the transaction, the executive vice president now owns 28,579 shares in the company, valued at approximately $4,636,371.17. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 value of $468,561.48. Following the completion of the transaction, the director now owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Dollar General Stock Down 0.4 %

Shares of DG traded down $0.57 on Thursday, reaching $142.59. The stock had a trading volume of 1,387,946 shares, compared to its average volume of 2,326,615. The firm has a market capitalization of $31.32 billion, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 2.55 and a beta of 0.42. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.15 and a current ratio of 1.19. The company has a 50-day simple moving average of $150.36 and a 200-day simple moving average of $135.18. Dollar General Co. has a 12-month low of $101.09 and a 12-month high of $222.99.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, March 14th. The company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.09. The business had revenue of $9.86 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.96 earnings per share. Sell-side analysts predict that Dollar General Co. will post 7.28 EPS for the current year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend was Monday, April 8th. Dollar General’s payout ratio is 31.22%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Truist Financial boosted their price target on Dollar General from $125.00 to $140.00 and gave the company a “hold” rating in a research note on Friday, March 15th. JPMorgan Chase & Co. upped their price objective on Dollar General from $158.00 to $161.00 and gave the company a “neutral” rating in a research note on Monday, April 15th. Wells Fargo & Company upped their price target on Dollar General from $125.00 to $155.00 and gave the company an “equal weight” rating in a research report on Friday, March 15th. Morgan Stanley increased their price objective on Dollar General from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Finally, Argus increased their price objective on Dollar General from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Fifteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Dollar General has a consensus rating of “Hold” and an average target price of $153.08.

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.