Arrowstreet Capital Limited Partnership Raises Holdings in Dollar General Co. (NYSE:DG)

Arrowstreet Capital Limited Partnership grew its stake in Dollar General Co. (NYSE:DG - Free Report) by 821.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 696,946 shares of the company's stock after buying an additional 621,299 shares during the period. Arrowstreet Capital Limited Partnership owned 0.32% of Dollar General worth $52,842,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in Dollar General during the fourth quarter valued at $57,000. Eagle Rock Investment Company LLC grew its stake in Dollar General by 16.3% during the fourth 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 worth approximately $2,018,000. DAVENPORT & Co LLC lifted its stake in Dollar General by 5,624.9% in the fourth quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company's stock valued at $24,385,000 after buying an additional 316,005 shares during the period. Finally, Matrix Asset Advisors Inc. NY bought a new position in shares of Dollar General during the 4th quarter worth approximately $6,158,000. 91.77% of the stock is currently owned by institutional investors.

Dollar General Stock Performance

Shares of Dollar General stock traded down $1.60 during mid-day trading on Friday, hitting $92.82. 10,627,876 shares of the stock were exchanged, compared to its average volume of 3,752,637. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $159.52. The company has a 50-day simple moving average of $78.10 and a 200 day simple moving average of $78.02. The company has a market capitalization of $20.41 billion, a P/E ratio of 15.29, a P/E/G ratio of 2.18 and a beta of 0.40. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.51 by $0.17. The business had revenue of $10.30 billion for 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 quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company posted $1.83 earnings per share. Sell-side analysts anticipate that Dollar General Co. will post 5.75 earnings per share 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. Investors of record on Tuesday, April 8th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, April 8th. This represents a $2.36 annualized dividend and a yield of 2.54%. Dollar General's payout ratio is currently 46.18%.

Analysts Set New Price Targets

DG has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $80.00 price objective (down previously from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. Piper Sandler upped their price objective on shares of Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a report on Friday, March 14th. Gordon Haskett downgraded Dollar General from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Bank of America decreased their target price on Dollar General from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, March 14th. Finally, Citigroup cut their price target on Dollar General from $73.00 to $69.00 and set a "sell" rating on the stock in a report on Friday, March 7th. 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's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price 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.