Envestnet Asset Management Inc. Acquires 461,900 Shares of Dollar General Co. (NYSE:DG)

Envestnet Asset Management Inc. grew its position in shares of Dollar General Co. (NYSE:DG - Free Report) by 157.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 755,715 shares of the company's stock after buying an additional 461,900 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.34% of Dollar General worth $57,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Dollar General by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 25,231,285 shares of the company's stock valued at $1,913,036,000 after buying an additional 160,853 shares in the last quarter. Pzena Investment Management LLC boosted its position in Dollar General by 14.9% during the fourth quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company's stock worth $892,199,000 after purchasing an additional 1,528,450 shares during the period. Geode Capital Management LLC grew its holdings in Dollar General by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 5,361,216 shares of the company's stock valued at $405,425,000 after purchasing an additional 118,204 shares during the last quarter. First Eagle Investment Management LLC acquired a new position in Dollar General during the fourth quarter valued at approximately $399,433,000. Finally, ACR Alpine Capital Research LLC lifted its stake in shares of Dollar General by 8,426.1% in the fourth quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company's stock worth $306,424,000 after buying an additional 3,994,070 shares during the last quarter. Institutional investors own 91.77% of the company's stock.

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Analyst Ratings Changes

DG has been the topic of a number of research analyst reports. UBS Group lowered their target price on shares of Dollar General from $108.00 to $95.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. Citigroup raised Dollar General from a "sell" rating to a "neutral" rating and raised their price target for the company from $69.00 to $101.00 in a research report on Monday, April 7th. Truist Financial boosted their price objective on Dollar General from $76.00 to $93.00 and gave the stock a "hold" rating in a research report on Tuesday, April 8th. Melius raised Dollar General from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a report on Tuesday, April 8th. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $85.00 price target on shares of Dollar General in a report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $94.75.

Insider Buying and Selling

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 value of $76,628.48. Following the transaction, the executive vice president now directly owns 48,532 shares in the company, valued at approximately $4,596,951.04. This trade represents a 1.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.49% of the stock is owned by corporate insiders.

Dollar General Price Performance

Dollar General stock traded down $0.83 during trading hours on Tuesday, hitting $89.48. 712,470 shares of the stock were exchanged, compared to its average volume of 3,834,215. The stock has a market capitalization of $19.68 billion, a P/E ratio of 14.72, a P/E/G ratio of 2.18 and a beta of 0.40. The business's 50-day moving average is $80.69 and its two-hundred day moving average is $78.21. 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 12 month low of $66.43 and a 12 month high of $150.40.

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, topping 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 business had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.26 billion. During the same period in the prior year, the company earned $1.83 EPS. Dollar General's revenue for the quarter was up 4.5% on a year-over-year basis. Equities research analysts expect 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. Investors of record on Tuesday, April 8th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.64%. Dollar General's dividend payout ratio is 46.18%.

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.