Running Oak Capital LLC Has $302,000 Position in Dollar General Co. (NYSE:DG)

Running Oak Capital LLC lowered its stake in Dollar General Co. (NYSE:DG) by 93.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,219 shares of the company’s stock after selling 29,355 shares during the period. Running Oak Capital LLC’s holdings in Dollar General were worth $302,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DG. Lindbrook Capital LLC boosted its position in shares of Dollar General by 12.3% during the third quarter. Lindbrook Capital LLC now owns 785 shares of the company’s stock worth $83,000 after purchasing an additional 86 shares in the last quarter. ORG Partners LLC lifted its position in Dollar General by 13.2% in the 4th quarter. ORG Partners LLC now owns 754 shares of the company’s stock valued at $103,000 after acquiring an additional 88 shares in the last quarter. Horrell Capital Management Inc. lifted its position in Dollar General by 0.3% in the 4th quarter. Horrell Capital Management Inc. now owns 29,224 shares of the company’s stock valued at $3,973,000 after acquiring an additional 94 shares in the last quarter. MV Capital Management Inc. lifted its position in Dollar General by 78.0% in the 4th quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock valued at $30,000 after acquiring an additional 96 shares in the last quarter. Finally, Resonant Capital Advisors LLC increased its stake in Dollar General by 0.7% in the 3rd quarter. Resonant Capital Advisors LLC now owns 13,796 shares of the company’s stock valued at $1,460,000 after buying an additional 98 shares during the last quarter. 91.77% of the stock is owned by institutional investors.

Insider Buying and Selling at Dollar General

In other news, Director Ralph Santana sold 3,009 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $155.72, for a total value of $468,561.48. Following the sale, the director now directly owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Carman R. Wenkoff sold 5,909 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total value of $958,617.07. Following 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 Securities & Exchange Commission, which is available through the SEC website. Also, Director Ralph Santana sold 3,009 shares of the 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 completion of the transaction, the director now owns 3,248 shares in the company, valued at approximately $505,778.56. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Dollar General Price Performance

NYSE:DG traded down $0.43 during mid-day trading on Thursday, hitting $137.15. 1,636,106 shares of the stock traded hands, compared to its average volume of 2,304,583. The business’s 50-day moving average price is $150.21 and its 200 day moving average price is $136.38. The company has a market cap of $30.13 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 2.49 and a beta of 0.44. Dollar General Co. has a 12-month low of $101.09 and a 12-month high of $221.50. The company has a quick ratio of 0.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.92.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, March 14th. The company reported $1.83 earnings per share 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 firm had revenue of $9.86 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same period in the previous year, the business posted $2.96 EPS. The business’s quarterly revenue was down 3.4% on a year-over-year basis. On average, analysts expect that Dollar General Co. will post 7.28 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date was Monday, April 8th. Dollar General’s payout ratio is currently 31.22%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group boosted their price objective on shares of Dollar General from $147.00 to $169.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. BMO Capital Markets boosted their price objective on shares of Dollar General from $130.00 to $160.00 and gave the company a “market perform” rating in a report on Friday, March 15th. Piper Sandler reissued a “neutral” rating and issued a $147.00 price objective (up previously from $127.00) on shares of Dollar General in a report on Friday, March 15th. Argus upped their price target on shares of Dollar General from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Finally, Morgan Stanley upped their price target on shares of Dollar General from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Fifteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $153.08.

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.