Kiltearn Partners LLP Buys 47,234 Shares of Dollar General Co. (NYSE:DG)

Kiltearn Partners LLP grew its position in Dollar General Co. (NYSE:DG - Free Report) by 13.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 397,300 shares of the company's stock after acquiring an additional 47,234 shares during the period. Dollar General accounts for 5.0% of Kiltearn Partners LLP's portfolio, making the stock its 5th largest holding. Kiltearn Partners LLP owned about 0.18% of Dollar General worth $30,123,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DG. IMG Wealth Management Inc. acquired a new position in Dollar General during the 4th quarter worth $25,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Dollar General during the third quarter valued at $33,000. Providence First Trust Co bought a new position in Dollar General in the fourth quarter valued at about $33,000. Bogart Wealth LLC increased its position in Dollar General by 279.8% in the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company's stock worth $37,000 after purchasing an additional 361 shares during the period. Finally, Venturi Wealth Management LLC lifted its position in Dollar General by 126.4% during the 4th 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 and hedge funds.

Dollar General Stock Performance

NYSE DG traded up $1.97 during trading on Monday, reaching $88.07. 3,623,356 shares of the company's stock were exchanged, compared to its average volume of 3,848,355. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $164.12. The stock has a market capitalization of $19.37 billion, a P/E ratio of 14.51, a PEG ratio of 2.18 and a beta of 0.44. The business has a 50 day moving average price of $76.12 and a 200-day moving average price of $77.83. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15.

Remove Ads

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.17. The business had revenue of $10.30 billion during 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 company's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.83 EPS. Sell-side analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company 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 dividend of $0.59 per share. The ex-dividend date is Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.68%. Dollar General's dividend payout ratio (DPR) is currently 46.18%.

Insider Buying and Selling

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total value of $451,620.00. Following the completion of the sale, the director now owns 120,322 shares in the company, valued at $9,056,636.94. The trade was a 4.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on DG shares. Citigroup reduced their price target on Dollar General from $73.00 to $69.00 and set a "sell" rating on the stock in a research report on Friday, March 7th. Barclays lowered their price target on Dollar General from $102.00 to $100.00 and set an "overweight" rating for the company in a research note on Thursday, January 9th. BMO Capital Markets lifted their price objective on shares of Dollar General from $80.00 to $84.00 and gave the stock a "market perform" rating in a research note on Friday, December 6th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $85.00 target price on shares of Dollar General in a research note on Thursday, March 13th. Finally, Bank of America reduced their price target on shares of Dollar General from $95.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Dollar General currently has a consensus rating of "Hold" and a consensus target price of $92.26.

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.