81,217 Shares in Dollar General Co. (NYSE:DG) Purchased by Matrix Asset Advisors Inc. NY

Matrix Asset Advisors Inc. NY acquired a new stake in shares of Dollar General Co. (NYSE:DG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 81,217 shares of the company's stock, valued at approximately $6,158,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Eagle Rock Investment Company LLC boosted its holdings in shares of Dollar General by 16.3% in the 4th 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. 1834 Investment Advisors Co. bought a new stake in Dollar General during the third quarter worth $5,650,000. Leibman Financial Services Inc. acquired a new stake in Dollar General in the fourth quarter valued at $2,018,000. Lecap Asset Management Ltd. grew its position in shares of Dollar General by 231.6% in the 3rd quarter. Lecap Asset Management Ltd. now owns 37,462 shares of the company's stock valued at $3,168,000 after acquiring an additional 26,165 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Dollar General by 62.9% during the 3rd quarter. Victory Capital Management Inc. now owns 166,574 shares of the company's stock worth $14,087,000 after purchasing an additional 64,336 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DG. Barclays dropped their price target on Dollar General from $102.00 to $100.00 and set an "overweight" rating on the stock in a research note on Thursday, January 9th. Sanford C. Bernstein initiated coverage on shares of Dollar General in a research note on Tuesday, October 22nd. They set an "outperform" rating and a $98.00 target price for the company. Bernstein Bank reduced their target price on shares of Dollar General from $98.00 to $94.00 in a report on Friday, November 15th. Truist Financial lowered 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. Finally, Jefferies Financial Group reduced their price objective on Dollar General from $110.00 to $90.00 and set a "buy" rating for the company in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $96.77.

Insider Activity

In other news, EVP Emily C. Taylor sold 4,740 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $77.44, for a total value of $367,065.60. Following the completion of the sale, the executive vice president now directly owns 15,575 shares of the company's stock, valued at $1,206,128. This trade represents a 23.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael M. Calbert sold 6,000 shares of the business's stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the transaction, the director now owns 120,322 shares in the company, valued at $9,056,636.94. This trade represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.49% of the company's stock.

Dollar General Stock Performance

DG stock traded down $0.71 during midday trading on Tuesday, reaching $72.59. 2,720,583 shares of the company's stock traded hands, compared to its average volume of 3,761,210. The company has a current ratio of 1.15, a quick ratio of 0.15 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 $168.07. The stock has a market cap of $15.96 billion, a P/E ratio of 11.96, a PEG ratio of 2.11 and a beta of 0.44. The stock's 50-day moving average is $74.92 and its 200 day moving average is $88.93.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings data on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by ($0.08). The company had revenue of $10.18 billion for the quarter, compared to analysts' expectations of $10.14 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 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.26 earnings per share. As a group, analysts anticipate that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend was Tuesday, January 7th. Dollar General's dividend payout ratio (DPR) is presently 38.88%.

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.