Kazazian Asset Management LLC Acquires Shares of 13,510 Dollar General Co. (NYSE:DG)

Kazazian Asset Management LLC bought a new position in shares of Dollar General Co. (NYSE:DG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 13,510 shares of the company's stock, valued at approximately $1,024,000. Dollar General comprises approximately 0.8% of Kazazian Asset Management LLC's holdings, making the stock its 27th biggest holding.

Other hedge funds also recently modified their holdings of the company. Pzena Investment Management LLC increased its position in Dollar General by 14.9% during the fourth quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company's stock worth $892,199,000 after acquiring an additional 1,528,450 shares during the period. State Street Corp increased its holdings in Dollar General by 8.3% in the 3rd 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 during the period. First Eagle Investment Management LLC bought a new position in Dollar General in the 4th quarter valued at about $399,433,000. Geode Capital Management LLC increased its holdings in Dollar General by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,243,012 shares of the company's stock valued at $441,899,000 after buying an additional 182,300 shares during the period. Finally, ACR Alpine Capital Research LLC increased its holdings in Dollar General by 8,426.1% in the 4th quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company's stock valued at $306,424,000 after buying an additional 3,994,070 shares during the period. Institutional investors and hedge funds own 91.77% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Telsey Advisory Group reaffirmed a "market perform" rating and set a $85.00 price target on shares of Dollar General in a report on Thursday, March 13th. Wells Fargo & Company cut their target price on shares of Dollar General from $90.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Thursday, December 5th. Evercore ISI cut their target price on shares of Dollar General from $97.00 to $95.00 and set an "in-line" rating on the stock in a research report on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $80.00 target price (down from $90.00) on shares of Dollar General in a research report on Monday, March 3rd. Finally, Piper Sandler lifted their target price on shares of Dollar General from $79.00 to $81.00 and gave the stock a "neutral" rating in a research report on Friday, March 14th. One 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's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $92.26.

Insider Buying and Selling

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the company's stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the sale, the director now directly owns 120,322 shares of the company's stock, valued at $9,056,636.94. This represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.49% of the stock is owned by insiders.

Dollar General Stock Up 2.7 %

DG stock traded up $2.17 during midday trading on Friday, reaching $83.84. 6,955,393 shares of the company's stock traded hands, compared to its average volume of 3,538,616. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $164.12. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The company has a market cap of $18.44 billion, a price-to-earnings ratio of 13.81, a P/E/G ratio of 2.18 and a beta of 0.44. The firm's fifty day moving average price is $74.58 and its 200-day moving average price is $77.72.

Dollar General (NYSE:DG - Get Free Report) last posted its earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.17. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.26 billion. During the same quarter in the prior year, the business posted $1.83 EPS. The business's revenue was up 4.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date is Tuesday, April 8th. Dollar General's dividend payout ratio (DPR) is currently 46.18%.

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.