Dollar General Co. (NYSE:DG) Shares Purchased by Alliancebernstein L.P.

Alliancebernstein L.P. raised its stake in shares of Dollar General Co. (NYSE:DG - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 270,005 shares of the company's stock after buying an additional 3,812 shares during the period. Alliancebernstein L.P. owned about 0.12% of Dollar General worth $20,472,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in Dollar General during the fourth quarter valued at $57,000. Eagle Rock Investment Company LLC lifted its position in shares of Dollar General by 16.3% during the 4th quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company's stock valued at $2,186,000 after buying an additional 4,048 shares in the last quarter. Leibman Financial Services Inc. bought a new position in shares of Dollar General during the 4th quarter valued at approximately $2,018,000. DAVENPORT & Co LLC increased its holdings in Dollar General by 5,624.9% in the 4th quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company's stock worth $24,385,000 after acquiring an additional 316,005 shares in the last quarter. Finally, Matrix Asset Advisors Inc. NY bought a new stake in shares of Dollar General during the 4th quarter valued at $6,158,000. Institutional investors own 91.77% of the company's stock.

Dollar General Trading Up 2.3 %

Shares of Dollar General stock traded up $1.98 on Friday, hitting $89.11. 4,210,641 shares of the company traded hands, compared to its average volume of 3,843,195. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The company has a market cap of $19.60 billion, a PE ratio of 14.68, a PEG ratio of 2.18 and a beta of 0.40. The stock's 50 day moving average price is $80.35 and its 200-day moving average price is $78.25. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $153.82.

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Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $10.26 billion. During the same period last year, the business posted $1.83 EPS. Dollar General's quarterly revenue was up 4.5% on a year-over-year basis. Equities research analysts predict that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General's payout ratio is 46.18%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DG. Piper Sandler increased their price target on Dollar General from $79.00 to $81.00 and gave the stock a "neutral" rating in a research note on Friday, March 14th. Morgan Stanley cut their target price on Dollar General from $100.00 to $80.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 21st. UBS Group lowered their price target on Dollar General from $108.00 to $95.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. Melius Research upgraded shares of Dollar General from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $85.00 price objective on shares of Dollar General in a research note on Thursday, March 13th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $94.75.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the stock in a transaction on Friday, April 4th. The stock was sold at an average price of $94.72, for a total transaction of $76,628.48. Following the sale, the executive vice president now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.49% of the company's stock.

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.