Silver Oak Securities Divests 2,004 Shares from Its Dollar General Holdings

Silver Oak Securities Incorporated has notably decreased its stake in Dollar General Co. (NYSE:DG) by selling off 2,004 shares during the third quarter, bringing its total ownership down to 809 shares. This move, as revealed in Silver Oak's latest Form 13F filing with the SEC, constitutes a 71.2% reduction in its holdings in the discount retail company, which were valued at approximately $86,000 at the close of the reporting period.

Investment Shifts in Dollar General

Along with Silver Oak Securities, various other institutional investors have adjusted their Dollar General positions. Massmutual Trust Co. FSB ADV notably increased its holdings by 70.5%, now owning 237 shares valued at around $25,000 following the acquisition of an additional 98 shares. Meanwhile, Resurgent Financial Advisors LLC and Studio Investment Management LLC began new holdings with an approximate value of $25,000 and $26,000, respectively. First Manhattan Co., on the other hand, has shown a remarkable 447.4% increase in its investment, currently holding 104 shares valued at $26,000. Financial Freedom LLC also initiated a new position during the fourth quarter. Collectively, hedge funds and other institutional investors have control over 90.37% of Dollar General's stock.

Dollar General's Market Standings

On the market front, Dollar General's shares opened at $158.17 on the reporting Thursday. The stock has experienced a fluctuation between a 52-week low of $101.09 and a high of $222.99. The company maintains a market capitalization of $34.72 billion with a P/E ratio of 18.20. Moreover, the price-to-earnings-growth ratio stands at 2.95, combined with a beta of 0.41. Dollar General has a debt-to-equity ratio of 1.00, along with liquidity ratios indicating a quick ratio of 0.13 and a current ratio of 1.22.

Experts' Take on Dollar General

Recent analytical reports bring varied insights into Dollar General's performance. Truist Financial and JPMorgan Chase & Co. have revised their target prices for the stock while upgrading their ratings. Citigroup and Morgan Stanley have likewise adjusted their price targets and improved their ratings. Conversely, Raymond James has lowered its target price but maintains an 'outperform' rating. In total, sixteen analysts suggest holding the stock, while nine endorse buying it. The average price target among them is $149.08.

About Dollar General

Dollar General Corporation thrives as a discount retailer operating across various regions in the United States. The company's product range spans consumable items, such as paper goods and foodstuffs, and essentials, including perishables like dairy and beverages. By catering to cost-conscious consumers, Dollar General continues to affirm its position in the retail industry.

SilverOak, DollarGeneral, Securities