Parkside Financial Bank & Trust Has $35,000 Stock Holdings in Dollar General Co. (NYSE:DG)

Parkside Financial Bank & Trust trimmed its position in Dollar General Co. (NYSE:DG) by 34.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 457 shares of the company’s stock after selling 244 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Dollar General were worth $35,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Eagle Rock Investment Company LLC increased its holdings in shares of Dollar General by 16.3% in the fourth quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company’s stock valued at $2,186,000 after purchasing an additional 4,048 shares during the last quarter. 1834 Investment Advisors Co. bought a new stake in shares of Dollar General during the 3rd quarter worth about $5,650,000. Leibman Financial Services Inc. bought a new position in Dollar General in the 4th quarter valued at about $2,018,000. Victory Capital Management Inc. raised its holdings in Dollar General by 62.9% in the 3rd quarter. Victory Capital Management Inc. now owns 166,574 shares of the company’s stock valued at $14,087,000 after acquiring an additional 64,336 shares during the period. Finally, DAVENPORT & Co LLC boosted its holdings in shares of Dollar General by 5,624.9% during the fourth quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company’s stock worth $24,385,000 after acquiring an additional 316,005 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group lowered their target price on Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. HSBC lowered their price objective on Dollar General from $100.00 to $88.00 and set a “hold” rating on the stock in a research report on Friday, November 15th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $80.00 target price (down previously from $90.00) on shares of Dollar General in a research report on Monday. Truist Financial lowered their price target on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a research report on Friday, December 6th. Finally, Jefferies Financial Group cut their price objective on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating for the company in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Dollar General presently has a consensus rating of “Hold” and a consensus target price of $96.04.

Dollar General Stock Down 3.2 %

Shares of NYSE DG opened at $71.77 on Tuesday. The company has a market cap of $15.78 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 2.18 and a beta of 0.43. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $168.07. The stock has a 50-day moving average price of $73.25 and a two-hundred day moving average price of $80.63.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company had revenue of $10.18 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the prior year, the company earned $1.26 earnings per share. Dollar General’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 3.29%. The ex-dividend date was Tuesday, January 7th. Dollar General’s dividend payout ratio (DPR) is 38.88%.

Insider Buying and Selling

In other Dollar General news, EVP Emily C. Taylor sold 4,740 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $77.44, for a total transaction of $367,065.60. Following the sale, the executive vice president now directly owns 15,575 shares of the company’s stock, valued at $1,206,128. The trade was a 23.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael M. Calbert sold 6,000 shares of the firm’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the transaction, the director now directly owns 120,322 shares of the company’s stock, valued at $9,056,636.94. The trade was a 4.75 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

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.