ExodusPoint Capital Management LP Raises Holdings in Dollar General Co. (NYSE:DG)

ExodusPoint Capital Management LP raised its stake in Dollar General Co. (NYSE:DG - Free Report) by 211.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 230,831 shares of the company's stock after buying an additional 156,652 shares during the quarter. ExodusPoint Capital Management LP owned about 0.10% of Dollar General worth $17,502,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA acquired a new stake in shares of Dollar General in the fourth quarter valued at $606,000. Groupama Asset Managment boosted its holdings in Dollar General by 104.7% during the 4th quarter. Groupama Asset Managment now owns 18,857 shares of the company's stock valued at $1,427,000 after acquiring an additional 9,644 shares during the period. Trexquant Investment LP grew its position in Dollar General by 42.2% in the 4th quarter. Trexquant Investment LP now owns 397,679 shares of the company's stock valued at $30,152,000 after acquiring an additional 117,986 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Dollar General by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 5,361,216 shares of the company's stock worth $405,425,000 after purchasing an additional 118,204 shares in the last quarter. Finally, HighPoint Advisor Group LLC acquired a new position in shares of Dollar General in the fourth quarter valued at approximately $252,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Stock Performance

Shares of NYSE:DG traded down $0.51 on Monday, reaching $92.11. The company's stock had a trading volume of 7,923,734 shares, compared to its average volume of 3,769,251. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $159.52. The stock has a market capitalization of $20.26 billion, a P/E ratio of 15.18, a PEG ratio of 2.18 and a beta of 0.40. The stock's 50-day moving average is $78.10 and its two-hundred day moving average is $78.02. 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 posted its quarterly earnings data on Thursday, March 13th. The company reported $1.68 EPS for the quarter, beating 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 firm had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.26 billion. During the same period in the prior year, the business earned $1.83 EPS. The firm's revenue was up 4.5% compared to the same quarter last year. As a group, sell-side analysts forecast 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 will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be given 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 yield of 2.56%. Dollar General's dividend payout ratio (DPR) is 46.18%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. UBS Group reduced their target price on shares of Dollar General from $108.00 to $95.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. Piper Sandler increased their price objective on Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a research note on Friday, March 14th. Bank of America lowered their target price on Dollar General from $95.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, March 14th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $80.00 price target (down previously from $90.00) on shares of Dollar General in a report on Monday, March 3rd. Finally, Barclays decreased their price objective 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. Sixteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Dollar General presently has an average rating of "Hold" and a consensus target price of $93.65.

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.