Forum Financial Management LP Invests $245,000 in Dollar General Co. (NYSE:DG)

Forum Financial Management LP acquired a new stake in Dollar General Co. (NYSE:DG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,231 shares of the company's stock, valued at approximately $245,000.

A number of other institutional investors have also made changes to their positions in DG. Altshuler Shaham Ltd acquired a new position in shares of Dollar General during the 4th quarter worth about $25,000. IMG Wealth Management Inc. acquired a new stake in shares of Dollar General in the fourth quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB bought a new position in shares of Dollar General during the 3rd quarter worth approximately $33,000. Providence First Trust Co acquired a new position in shares of Dollar General during the 4th quarter worth approximately $33,000. Finally, Bogart Wealth LLC raised its stake in Dollar General by 279.8% in the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company's stock valued at $37,000 after acquiring an additional 361 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Stock Down 0.2 %

Shares of DG traded down $0.17 on Friday, reaching $93.64. The company's stock had a trading volume of 3,040,017 shares, compared to its average volume of 3,917,153. The stock has a market capitalization of $20.60 billion, a PE ratio of 15.43, a PEG ratio of 2.18 and a beta of 0.40. 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 twelve month low of $66.43 and a twelve month high of $147.87. The firm has a fifty day moving average of $84.29 and a 200-day moving average of $78.88.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.51 by $0.17. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.26 billion. During the same period in the previous year, the firm earned $1.83 EPS. The firm's quarterly revenue was up 4.5% on a year-over-year basis. Equities analysts predict that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.52%. Dollar General's dividend payout ratio (DPR) is currently 46.18%.

Analyst Upgrades and Downgrades

DG has been the subject of a number of recent research reports. Barclays reduced their target price on shares of Dollar General from $102.00 to $100.00 and set an "overweight" rating for the company in a research report on Thursday, January 9th. Truist Financial raised their target price on shares of Dollar General from $76.00 to $93.00 and gave the stock a "hold" rating in a report on Tuesday, April 8th. Bank of America decreased their price objective on shares of Dollar General from $95.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. The Goldman Sachs Group cut their target price on shares of Dollar General from $104.00 to $93.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. Finally, Piper Sandler lifted their price target on Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a research note on Friday, March 14th. One 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 issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $94.75.

Insider Activity

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the company's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the sale, the executive vice president now directly owns 48,532 shares in the company, valued at $4,596,951.04. This represents a 1.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.56% 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.