American Century Companies Inc. Purchases 221,542 Shares of Dollar General Co. (NYSE:DG)

American Century Companies Inc. grew its position in shares of Dollar General Co. (NYSE:DG - Free Report) by 377.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 280,275 shares of the company's stock after purchasing an additional 221,542 shares during the period. American Century Companies Inc. owned about 0.13% of Dollar General worth $21,250,000 at the end of the most recent reporting period.

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

Dollar General Stock Up 2.6 %

Dollar General stock traded up $2.24 during trading hours on Wednesday, hitting $89.84. The stock had a trading volume of 2,624,550 shares, compared to its average volume of 3,863,549. The stock has a market capitalization of $19.76 billion, a P/E ratio of 14.80, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44. Dollar General Co. has a 12-month low of $66.43 and a 12-month 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 stock'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 posted its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.17. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm had revenue of $10.30 billion during the quarter, compared to analysts' expectations of $10.26 billion. During the same quarter in the previous year, the business earned $1.83 earnings per share. The company's revenue was up 4.5% on a year-over-year basis. Equities research analysts anticipate that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.63%. Dollar General's dividend payout ratio is presently 46.18%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on DG shares. Truist Financial dropped their price target 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. Bank of America cut their target price on Dollar General from $95.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. Evercore ISI dropped their price objective on Dollar General from $97.00 to $95.00 and set an "in-line" rating for the company in a report on Tuesday, December 3rd. The Goldman Sachs Group decreased their target price on Dollar General from $104.00 to $93.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. Finally, BMO Capital Markets raised their price target on Dollar General from $80.00 to $84.00 and gave the stock a "market perform" rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus 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.