Norges Bank Purchases Shares of 1,852,037 Dollar General Co. (NYSE:DG)

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

Other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in shares of Dollar General in the 4th quarter valued at about $57,000. Eagle Rock Investment Company LLC lifted its stake in Dollar General by 16.3% in the fourth quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company's stock valued at $2,186,000 after buying an additional 4,048 shares during the last quarter. Leibman Financial Services Inc. purchased a new position in Dollar General during the 4th quarter worth $2,018,000. DAVENPORT & Co LLC increased its position in Dollar General by 5,624.9% in the 4th quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company's stock valued at $24,385,000 after acquiring an additional 316,005 shares during the period. Finally, Matrix Asset Advisors Inc. NY purchased a new stake in shares of Dollar General during the fourth quarter worth approximately $6,158,000. Hedge funds and other institutional investors own 91.77% of the company's stock.

Dollar General Price Performance

Shares of Dollar General stock traded up $2.59 during trading on Wednesday, reaching $90.19. 4,948,616 shares of the company's stock were exchanged, compared to its average volume of 3,684,163. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $164.12. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The company has a market cap of $19.84 billion, a P/E ratio of 14.86, a PEG ratio of 2.18 and a beta of 0.44. The firm's 50-day moving average price is $76.83 and its 200 day moving average price is $77.88.

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Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $10.26 billion. During the same quarter in the previous year, the company earned $1.83 EPS. The company's revenue for the quarter was up 4.5% on a year-over-year basis. As a group, research analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have commented on DG. Wells Fargo & Company decreased 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. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $80.00 price target (down from $90.00) on shares of Dollar General in a report on Monday, March 3rd. The Goldman Sachs Group dropped their price objective on shares of Dollar General from $104.00 to $93.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. Citigroup dropped their target price on shares of Dollar General from $73.00 to $69.00 and set a "sell" rating for the company in a research report on Friday, March 7th. Finally, Bank of America lowered their price objective on shares of Dollar General from $95.00 to $90.00 and set a "buy" rating for the company 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $92.26.

Dollar General 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.