Modera Wealth Management LLC Has $210,000 Stock Holdings in Dollar General Co. (NYSE:DG)

Modera Wealth Management LLC lowered its position in shares of Dollar General Co. (NYSE:DG) by 30.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,773 shares of the company’s stock after selling 1,227 shares during the period. Modera Wealth Management LLC’s holdings in Dollar General were worth $210,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Pzena Investment Management LLC raised its stake in Dollar General by 453.4% in the 3rd quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock worth $865,903,000 after purchasing an additional 8,388,735 shares in the last quarter. Baupost Group LLC MA bought a new position in shares of Dollar General during the third quarter worth approximately $194,832,000. State Street Corp raised its position in shares of Dollar General by 8.3% in the third quarter. State Street Corp now owns 9,958,704 shares of the company’s stock valued at $842,208,000 after buying an additional 759,869 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Dollar General by 952.4% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 659,829 shares of the company’s stock valued at $50,028,000 after buying an additional 597,133 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC bought a new stake in shares of Dollar General in the third quarter valued at approximately $32,932,000. Institutional investors own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on DG shares. Bernstein Bank dropped their price objective on Dollar General from $98.00 to $94.00 in a report on Friday, November 15th. Bank of America raised Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price target for the company in a research note on Friday, December 6th. Jefferies Financial Group reduced their price objective on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. The Goldman Sachs Group dropped their target price on shares of Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Finally, Truist Financial reduced 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. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $96.04.

Dollar General Stock Up 1.2 %

NYSE:DG opened at $73.80 on Thursday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. Dollar General Co. has a one year low of $66.43 and a one year high of $168.07. The firm’s 50 day simple moving average is $73.20 and its 200 day simple moving average is $80.23. The company has a market cap of $16.23 billion, a PE ratio of 12.16, a P/E/G ratio of 2.18 and a beta of 0.44.

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

Insiders Place Their Bets

In related news, EVP Emily C. Taylor sold 4,740 shares of Dollar General stock in a transaction 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 completion of the transaction, the executive vice president now owns 15,575 shares of the company’s stock, valued at $1,206,128. This trade represents a 23.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael M. Calbert sold 6,000 shares of the business’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 completion of the transaction, the director now owns 120,322 shares in the company, valued at approximately $9,056,636.94. The trade was a 4.75 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Dollar General Company 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.