Inkwell Capital LLC Invests $1.12 Million in Dollar General Co. (NYSE:DG)

Inkwell Capital LLC purchased a new stake in Dollar General Co. (NYSE:DG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 14,719 shares of the company's stock, valued at approximately $1,116,000. Dollar General makes up 1.2% of Inkwell Capital LLC's holdings, making the stock its 27th largest holding.

Several other large investors have also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC bought a new position in shares of Dollar General in the fourth quarter valued at about $399,433,000. ACR Alpine Capital Research LLC grew its holdings in Dollar General by 8,426.1% during the 4th quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company's stock worth $306,424,000 after acquiring an additional 3,994,070 shares during the last quarter. Norges Bank bought a new position in shares of Dollar General in the fourth quarter worth about $140,421,000. Pzena Investment Management LLC raised its stake in shares of Dollar General by 14.9% in 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 last quarter. Finally, State Street Corp lifted its position in shares of Dollar General by 8.3% during the third 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. 91.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on DG shares. Truist Financial dropped their price objective on shares of Dollar General from $94.00 to $83.00 and set a "hold" rating for the company in a research report on Friday, December 6th. Telsey Advisory Group restated a "market perform" rating and set a $85.00 target price on shares of Dollar General in a research report on Thursday, March 13th. The Goldman Sachs Group lowered their price objective on Dollar General from $104.00 to $93.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. 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. Finally, Piper Sandler lifted their price target 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 equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $92.26.

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Dollar General Stock Up 3.0 %

DG stock traded up $2.59 during mid-day trading on Wednesday, hitting $90.19. 4,915,918 shares of the company were exchanged, compared to its average volume of 3,676,264. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $164.12. The firm's 50 day simple moving average is $76.83 and its 200 day simple moving average is $77.88. The firm has a market cap of $19.84 billion, a P/E ratio of 14.86, a P/E/G ratio of 2.18 and a beta of 0.44.

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

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.62%. Dollar General's dividend payout ratio is currently 46.18%.

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.