Anchor Investment Management LLC Grows Stock Holdings in Dollar General Co. (NYSE:DG)

Anchor Investment Management LLC raised its stake in shares of Dollar General Co. (NYSE:DG - Free Report) by 47.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,632 shares of the company's stock after acquiring an additional 8,218 shares during the period. Anchor Investment Management LLC's holdings in Dollar General were worth $1,943,000 as of its most recent SEC filing.

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

Dollar General Trading Up 1.0 %

Shares of Dollar General stock traded up $0.93 on Monday, hitting $94.00. The stock had a trading volume of 1,743,550 shares, compared to its average volume of 3,874,796. The stock's 50-day simple moving average is $82.11 and its two-hundred day simple moving average is $78.43. Dollar General Co. has a one year low of $66.43 and a one year high of $147.87. 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 has a market cap of $20.68 billion, a price-to-earnings ratio of 15.49, a PEG ratio of 2.18 and a beta of 0.40.

Dollar General (NYSE:DG - Get Free Report) last posted 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 company had revenue of $10.30 billion during 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%. Dollar General's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.83 earnings per share. As a group, sell-side analysts predict that Dollar General Co. will post 5.75 EPS 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 issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.36 annualized dividend and a yield of 2.51%. Dollar General's dividend payout ratio (DPR) is presently 46.18%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on DG shares. UBS Group decreased their price objective on Dollar General from $108.00 to $95.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Melius upgraded shares of Dollar General from a "hold" rating to a "buy" rating and set a $110.00 price objective for the company in a research note on Tuesday, April 8th. Melius Research raised Dollar General from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Citigroup raised Dollar General from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $69.00 to $101.00 in a report on Monday, April 7th. Finally, Truist Financial upped their target price on shares of Dollar General from $76.00 to $93.00 and gave the stock a "hold" rating in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Dollar General currently has an average rating of "Hold" and a consensus target price of $94.75.

Insider Transactions at Dollar General

In related news, EVP Emily C. Taylor sold 809 shares of Dollar General stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $94.72, for a total transaction of $76,628.48. Following the sale, the executive vice president now directly owns 48,532 shares in the company, valued at $4,596,951.04. The trade was a 1.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.49% of the company's stock.

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.