Stablepoint Partners LLC Raises Stock Holdings in Dollar General Co. (NYSE:DG)

Stablepoint Partners LLC raised its position in shares of Dollar General Co. (NYSE:DGFree Report) by 11.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,120 shares of the company’s stock after buying an additional 907 shares during the quarter. Stablepoint Partners LLC’s holdings in Dollar General were worth $691,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Pzena Investment Management LLC raised its stake in Dollar General by 453.4% during the third quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock valued at $865,903,000 after buying an additional 8,388,735 shares during the last quarter. Baupost Group LLC MA purchased a new position in shares of Dollar General in the 3rd quarter worth about $194,832,000. State Street Corp boosted its stake in Dollar General by 8.3% in the 3rd quarter. State Street Corp now owns 9,958,704 shares of the company’s stock worth $842,208,000 after purchasing an additional 759,869 shares in the last quarter. Worldquant Millennium Advisors LLC purchased a new stake in Dollar General during the 3rd quarter valued at about $32,932,000. Finally, Equity Investment Corp increased its stake in Dollar General by 60.8% during the 3rd quarter. Equity Investment Corp now owns 951,329 shares of the company’s stock valued at $80,454,000 after purchasing an additional 359,757 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Truist Financial cut their price target on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a report on Friday, December 6th. BMO Capital Markets lifted their target price on Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Wells Fargo & Company lowered their price target on Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, December 5th. Evercore ISI reduced their price objective on Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a report on Tuesday, December 3rd. Finally, Gordon Haskett raised shares of Dollar General from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Dollar General has an average rating of “Hold” and a consensus price target of $96.77.

Read Our Latest Research Report on DG

Insider Buying and Selling at Dollar General

In related news, EVP Emily C. Taylor sold 4,740 shares of the firm’s 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 directly owns 15,575 shares of the company’s stock, valued at approximately $1,206,128. This trade represents a 23.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the completion of the sale, 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. Insiders own 0.49% of the company’s stock.

Dollar General Stock Performance

Shares of NYSE DG opened at $71.91 on Monday. 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 1 year low of $66.43 and a 1 year high of $168.07. The firm has a fifty day moving average price of $75.00 and a 200-day moving average price of $89.61. The stock has a market cap of $15.81 billion, a PE ratio of 11.85, a price-to-earnings-growth ratio of 2.11 and a beta of 0.44.

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

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $2.36 annualized dividend and a yield of 3.28%. Dollar General’s payout ratio is 38.88%.

About Dollar General

(Free Report)

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.

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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