Parkside Financial Bank & Trust Has $101,000 Position in Dollar General Co. (NYSE:DG)

Parkside Financial Bank & Trust grew its holdings in Dollar General Co. (NYSE:DG) by 57.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 744 shares of the company’s stock after purchasing an additional 272 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Dollar General were worth $101,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in DG. Flagship Harbor Advisors LLC acquired a new position in shares of Dollar General during the third quarter valued at $253,000. DAVENPORT & Co LLC lifted its stake in shares of Dollar General by 20.6% during the third quarter. DAVENPORT & Co LLC now owns 13,345 shares of the company’s stock valued at $1,412,000 after acquiring an additional 2,283 shares during the period. Meridian Wealth Management LLC increased its holdings in Dollar General by 244.1% in the third quarter. Meridian Wealth Management LLC now owns 7,512 shares of the company’s stock valued at $795,000 after purchasing an additional 5,329 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in Dollar General in the third quarter valued at about $110,000. Finally, Private Trust Co. NA increased its holdings in Dollar General by 78.3% in the third quarter. Private Trust Co. NA now owns 1,508 shares of the company’s stock valued at $160,000 after purchasing an additional 662 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Truist Financial increased their price target on Dollar General from $125.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, March 15th. Telsey Advisory Group restated an “outperform” rating and issued a $170.00 price target on shares of Dollar General in a report on Tuesday, April 2nd. BMO Capital Markets increased their price target on Dollar General from $130.00 to $160.00 and gave the stock a “market perform” rating in a report on Friday, March 15th. Raymond James increased their price target on Dollar General from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Finally, Piper Sandler restated a “neutral” rating and issued a $147.00 price target (up from $127.00) on shares of Dollar General in a report on Friday, March 15th. Fifteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $153.08.

Insider Transactions at Dollar General

In other 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 completion of the transaction, the director now directly owns 3,248 shares in the company, valued at approximately $505,778.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Carman R. Wenkoff sold 5,909 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 28,579 shares in the company, valued at approximately $4,636,371.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ralph Santana sold 3,009 shares of the business’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 sale, the director now owns 3,248 shares of the company’s stock, valued at $505,778.56. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Dollar General Stock Down 0.4 %

NYSE:DG opened at $142.59 on Friday. 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 Co. has a twelve month low of $101.09 and a twelve month high of $222.99. The stock’s 50 day moving average price is $150.36 and its two-hundred day moving average price is $135.18. 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 2.56 and a beta of 0.42.

Dollar General (NYSE:DG) last issued its earnings results 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 return on equity of 26.13% and a net margin of 4.29%. The company had revenue of $9.86 billion during the quarter, compared to the consensus estimate of $9.77 billion. During the same period in the previous year, the company posted $2.96 EPS. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. Equities research analysts expect that Dollar General Co. will post 7.28 earnings per share for the current fiscal year.

Dollar General Announces Dividend

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

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.