Nexus Investment Management ULC Acquires 5,245 Shares of Dollar General Co. (NYSE:DG)

Nexus Investment Management ULC boosted its position in Dollar General Co. (NYSE:DG - Free Report) by 1.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 286,535 shares of the company's stock after purchasing an additional 5,245 shares during the quarter. Dollar General comprises 2.2% of Nexus Investment Management ULC's investment portfolio, making the stock its 23rd biggest position. Nexus Investment Management ULC owned about 0.13% of Dollar General worth $21,725,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Eagle Rock Investment Company LLC increased its position in shares of Dollar General by 16.3% in 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 last quarter. 1834 Investment Advisors Co. purchased a new stake in shares of Dollar General during the 3rd quarter valued at $5,650,000. Leibman Financial Services Inc. bought a new stake in shares of Dollar General during the 4th quarter worth $2,018,000. Lecap Asset Management Ltd. grew its position in Dollar General by 231.6% in the third quarter. Lecap Asset Management Ltd. now owns 37,462 shares of the company's stock worth $3,168,000 after acquiring an additional 26,165 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in 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 acquiring an additional 64,336 shares during the last quarter. 91.77% of the stock is owned by institutional investors.

Insider Activity at Dollar General

In related news, EVP Emily C. Taylor sold 4,740 shares of the business's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $77.44, for a total value of $367,065.60. Following the sale, the executive vice president now directly owns 15,575 shares in the company, valued at approximately $1,206,128. The trade was a 23.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael M. Calbert sold 6,000 shares of the firm's stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total value 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 disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Dollar General Stock Down 1.2 %

DG stock traded down $0.82 during midday trading on Friday, hitting $68.44. The company's stock had a trading volume of 3,380,183 shares, compared to its average volume of 3,174,597. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $168.07. The company has a market cap of $15.05 billion, a PE ratio of 11.28, a P/E/G ratio of 2.12 and a beta of 0.44. The firm's 50-day moving average is $75.53 and its 200-day moving average is $91.59.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings results on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.08). Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the prior year, the firm earned $1.26 earnings per share. The business's revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.45%. Dollar General's payout ratio is currently 38.88%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DG. Truist Financial cut their price objective on Dollar General from $94.00 to $83.00 and set a "hold" rating for the company in a report on Friday, December 6th. The Goldman Sachs Group reduced their price target on shares of Dollar General from $122.00 to $104.00 and set a "buy" rating on the stock in a research report on Friday, December 6th. Jefferies Financial Group lowered their price objective on shares of Dollar General from $110.00 to $90.00 and set a "buy" rating for the company in a report on Friday, November 15th. Telsey Advisory Group reduced 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 report on Monday, December 2nd. Finally, Melius Research started coverage on shares of Dollar General in a research note on Monday, September 23rd. They issued a "hold" rating and a $85.00 price target for the company. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $98.18.

About Dollar General

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.