Arrowstreet Capital Limited Partnership Has $52.84 Million Holdings in Dollar General Co. (NYSE:DG)

Arrowstreet Capital Limited Partnership increased 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 13F filing with the Securities and Exchange Commission. The fund owned 696,946 shares of the company's stock after buying an additional 621,299 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.32% of Dollar General worth $52,842,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Deseret Mutual Benefit Administrators raised its stake in Dollar General by 8.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company's stock valued at $143,000 after buying an additional 150 shares during the period. Bruce G. Allen Investments LLC raised its stake in Dollar General by 20.3% in the 4th quarter. Bruce G. Allen Investments LLC now owns 953 shares of the company's stock valued at $72,000 after acquiring an additional 161 shares during the period. Peoples Bank KS lifted its holdings in Dollar General by 19.1% during the 4th quarter. Peoples Bank KS now owns 1,435 shares of the company's stock valued at $109,000 after purchasing an additional 230 shares during the last quarter. Metis Global Partners LLC increased its holdings in shares of Dollar General by 3.6% in the fourth quarter. Metis Global Partners LLC now owns 7,297 shares of the company's stock valued at $553,000 after purchasing an additional 255 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of Dollar General by 126.4% in the fourth quarter. Venturi Wealth Management LLC now owns 498 shares of the company's stock valued at $38,000 after purchasing an additional 278 shares during the period. 91.77% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DG. Truist Financial decreased their price target on shares of Dollar General from $94.00 to $83.00 and set a "hold" rating on the stock in a research note on Friday, December 6th. Bank of America reduced their price objective on Dollar General from $95.00 to $90.00 and set a "buy" rating for the company in a report on Friday, March 14th. BMO Capital Markets increased their target price 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. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $80.00 price target (down from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. Finally, The Goldman Sachs Group lowered their price objective on Dollar General from $104.00 to $93.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $92.26.

Dollar General Trading Down 1.7 %

NYSE DG traded down $1.60 during mid-day trading on Friday, reaching $92.82. 10,627,876 shares of the stock were exchanged, compared to its average volume of 3,748,103. The stock has a market cap 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 current ratio of 1.15 and a quick ratio of 0.15. Dollar General Co. has a one year low of $66.43 and a one year high of $161.99. The stock has a 50 day simple moving average of $78.10 and a 200-day simple moving average of $78.13.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.51 by $0.17. The company had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.26 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm's revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.83 EPS. On average, 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 will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.54%. Dollar General's dividend payout ratio is currently 46.18%.

About Dollar General

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.