Cibc World Markets Corp Acquires 11,292 Shares of Dollar General Co. (NYSE:DG)

Cibc World Markets Corp raised its holdings in Dollar General Co. (NYSE:DG - Free Report) by 15.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,261 shares of the company's stock after buying an additional 11,292 shares during the period. Cibc World Markets Corp's holdings in Dollar General were worth $6,540,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in DG. SBI Securities Co. Ltd. bought a new position in Dollar General during the fourth quarter worth about $57,000. Eagle Rock Investment Company LLC increased its holdings in shares of 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. acquired a new stake in shares of Dollar General in the fourth quarter valued at approximately $2,018,000. Victory Capital Management Inc. raised its position in shares of Dollar General by 62.9% in the third quarter. Victory Capital Management Inc. now owns 166,574 shares of the company's stock valued at $14,087,000 after buying an additional 64,336 shares in the last quarter. Finally, DAVENPORT & Co LLC raised its position in shares of 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 in the last quarter. Institutional investors own 91.77% of the company's stock.

Insiders Place Their Bets

In other news, Director Michael M. Calbert sold 6,000 shares of the stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the transaction, the director now owns 120,322 shares of the company's stock, valued at $9,056,636.94. This represents a 4.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.49% of the company's stock.

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Dollar General Trading Up 2.7 %

Shares of Dollar General stock traded up $2.17 during trading on Friday, hitting $83.84. The company's stock had a trading volume of 6,955,393 shares, compared to its average volume of 3,530,805. 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 52 week low of $66.43 and a 52 week high of $164.12. The stock has a market cap of $18.44 billion, a price-to-earnings ratio of 13.81, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44. The stock has a 50-day moving average price of $74.58 and a two-hundred day moving average price of $77.76.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $10.26 billion. During the same quarter in the previous year, the company posted $1.83 EPS. The business'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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General's payout ratio is 46.18%.

Analyst Upgrades and Downgrades

DG has been the topic of several analyst reports. Piper Sandler increased their target price on Dollar General from $79.00 to $81.00 and gave the stock a "neutral" rating in a report on Friday, March 14th. Evercore ISI decreased their target price on shares of Dollar General from $97.00 to $95.00 and set an "in-line" rating on the stock in a report on Tuesday, December 3rd. Wells Fargo & Company cut their price target on shares of Dollar General from $90.00 to $80.00 and set an "equal weight" rating for the company in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $80.00 price objective (down from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. Finally, UBS Group cut their target price on Dollar General from $108.00 to $95.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently 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.