Dollar General Co. (NYSE:DG) Shares Purchased by Bank of Nova Scotia

Bank of Nova Scotia increased its position in shares of Dollar General Co. (NYSE:DG - Free Report) by 143.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 64,771 shares of the company's stock after buying an additional 38,182 shares during the quarter. Bank of Nova Scotia's holdings in Dollar General were worth $4,911,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. IMG Wealth Management Inc. acquired a new position in Dollar General in the fourth quarter valued at $25,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Dollar General during the third quarter worth $33,000. Providence First Trust Co acquired a new position in Dollar General in the 4th quarter valued at $33,000. Bogart Wealth LLC raised its position in Dollar General by 279.8% during the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company's stock worth $37,000 after buying an additional 361 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in shares of Dollar General by 126.4% in the 4th quarter. Venturi Wealth Management LLC now owns 498 shares of the company's stock worth $38,000 after acquiring an additional 278 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Trading Down 2.0 %

NYSE:DG traded down $1.84 during trading hours on Tuesday, reaching $88.47. 2,828,703 shares of the company were exchanged, compared to its average volume of 3,842,296. The firm has a market cap of $19.46 billion, a price-to-earnings ratio of 14.58, a PEG 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. The stock has a 50 day simple moving average of $80.69 and a 200 day simple moving average of $78.21. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $150.40.

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Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The company reported $1.68 EPS 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 company had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.26 billion. During the same period in the prior year, the firm posted $1.83 earnings per share. The firm's revenue was up 4.5% on a year-over-year basis. As a group, analysts predict that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The business also recently announced 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 2.67%. Dollar General's dividend payout ratio (DPR) is currently 46.18%.

Insider Buying and Selling

In related news, EVP Emily C. Taylor sold 809 shares of the firm's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the sale, the executive vice president now directly owns 48,532 shares of the company's stock, valued at approximately $4,596,951.04. This trade represents a 1.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.49% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

DG has been the subject of several analyst reports. UBS Group cut their price target on shares of Dollar General from $108.00 to $95.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Bank of America dropped their price objective on Dollar General from $95.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, March 14th. Gordon Haskett lowered shares of Dollar General from a "hold" rating to a "reduce" rating in a research report on Wednesday, April 9th. Melius upgraded shares of Dollar General from a "hold" rating to a "buy" rating and set a $110.00 price target for the company in a report on Tuesday, April 8th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $85.00 target price on shares of Dollar General in a research report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $94.75.

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.