Ieq Capital LLC lifted its position in Dollar General Co. (NYSE:DG - Free Report) by 125.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,617 shares of the company's stock after acquiring an additional 14,785 shares during the period. Ieq Capital LLC's holdings in Dollar General were worth $2,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in Dollar General in the 3rd quarter worth approximately $33,000. Bogart Wealth LLC increased its holdings in shares of Dollar General by 279.8% in the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company's stock valued at $37,000 after purchasing an additional 361 shares during the last quarter. Venturi Wealth Management LLC lifted its position in Dollar General by 126.4% during the fourth quarter. Venturi Wealth Management LLC now owns 498 shares of the company's stock worth $38,000 after buying an additional 278 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Dollar General during the fourth quarter worth $39,000. Finally, Kentucky Trust Co purchased a new stake in Dollar General in the 4th quarter valued at $48,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related 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 completion of the transaction, the director now directly owns 120,322 shares of the company's stock, valued at $9,056,636.94. This represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Emily C. Taylor sold 4,740 shares of the firm's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $77.44, for a total transaction of $367,065.60. Following the completion of the sale, the executive vice president now owns 15,575 shares of the company's stock, valued at approximately $1,206,128. The trade was a 23.33 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.
Dollar General Price Performance
Shares of NYSE:DG opened at $76.68 on Monday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. Dollar General Co. has a one year low of $66.43 and a one year high of $168.07. The company has a 50-day simple moving average of $73.26 and a 200-day simple moving average of $82.42. The stock has a market capitalization of $16.86 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 2.18 and a beta of 0.43.
Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings data on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by ($0.08). The company had revenue of $10.18 billion for the quarter, compared to analyst estimates of $10.14 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm's revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.26 earnings per share. On average, analysts predict that Dollar General Co. will post 5.75 EPS for the current year.
Dollar General Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $2.36 annualized dividend and a yield of 3.08%. Dollar General's dividend payout ratio is currently 38.88%.
Analyst Ratings Changes
Several research firms have recently commented on DG. Jefferies Financial Group reduced their price target on Dollar General from $110.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, November 15th. Barclays reduced their price objective on shares of Dollar General from $102.00 to $100.00 and set an "overweight" rating on the stock in a report on Thursday, January 9th. Truist Financial lowered their price target on Dollar General from $94.00 to $83.00 and set a "hold" rating for the company in a research report on Friday, December 6th. Telsey Advisory Group cut their target price on shares of Dollar General from $103.00 to $90.00 and set a "market perform" rating on the stock in a research note on Monday, December 2nd. Finally, Wells Fargo & Company decreased their price objective on Dollar General from $90.00 to $80.00 and set an "equal weight" rating for the company in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $96.77.
View Our Latest Report on DG
About Dollar General
(
Free Report)
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.
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