Norges Bank Invests $140.42 Million in Dollar General Co. (NYSE:DG)

Norges Bank bought a new stake in shares of Dollar General Co. (NYSE:DG - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,852,037 shares of the company's stock, valued at approximately $140,421,000. Norges Bank owned 0.84% of Dollar General at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. IMG Wealth Management Inc. purchased a new position in shares of Dollar General in the fourth quarter valued at about $25,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Dollar General in the third quarter worth about $33,000. Providence First Trust Co purchased a new position in Dollar General during the 4th quarter valued at about $33,000. Bogart Wealth LLC lifted its holdings in Dollar General by 279.8% in the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company's stock worth $37,000 after buying an additional 361 shares during the period. Finally, OFI Invest Asset Management bought a new stake in shares of Dollar General in the 4th quarter worth approximately $37,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Stock Down 1.7 %

Shares of Dollar General stock traded down $1.60 on Friday, reaching $92.82. The company's stock had a trading volume of 10,627,876 shares, compared to its average volume of 3,752,637. The company has a market capitalization of $20.41 billion, a price-to-earnings ratio of 15.29, a P/E/G ratio of 2.18 and a beta of 0.40. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $159.52. The firm's fifty day simple moving average is $78.10 and its two-hundred day simple moving average is $78.08.

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

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.54%. Dollar General's payout ratio is 46.18%.

Wall Street Analysts Forecast Growth

DG has been the subject of a number of research analyst reports. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $85.00 price target on shares of Dollar General in a research note on Thursday, March 13th. Piper Sandler upped their price objective on shares of Dollar General from $79.00 to $81.00 and gave the stock a "neutral" rating in a report on Friday, March 14th. Bank of America cut their target price on shares of Dollar General from $95.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. BMO Capital Markets increased their price target on shares of Dollar General from $80.00 to $84.00 and gave the stock a "market perform" rating in a research note on Friday, December 6th. Finally, UBS Group cut their price objective on Dollar General from $108.00 to $95.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $92.26.

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.