Forum Financial Management LP Buys Shares of 3,231 Dollar General Co. (NYSE:DG)

Forum Financial Management LP acquired a new position in Dollar General Co. (NYSE:DG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,231 shares of the company's stock, valued at approximately $245,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. IMG Wealth Management Inc. acquired a new stake in Dollar General in the fourth quarter valued at approximately $25,000. Altshuler Shaham Ltd bought a new stake in Dollar General during the fourth quarter worth $25,000. Wilmington Savings Fund Society FSB bought a new position in Dollar General during the third quarter valued at about $33,000. Providence First Trust Co bought a new position in shares of Dollar General during the 4th quarter valued at approximately $33,000. Finally, Bogart Wealth LLC raised its stake 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 buying an additional 361 shares during the period. Institutional investors own 91.77% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on DG shares. Melius raised shares of 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. Morgan Stanley dropped their target price on Dollar General from $100.00 to $80.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 21st. Bank of America cut their price objective on shares of Dollar General from $95.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, March 14th. Piper Sandler lifted their price objective on Dollar General from $79.00 to $81.00 and gave the stock a "neutral" rating in a report on Friday, March 14th. Finally, Melius Research upgraded Dollar General from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $94.75.

Dollar General Stock Down 0.2 %

Shares of DG stock traded down $0.17 during trading hours on Friday, hitting $93.64. 3,040,017 shares of the company's stock traded hands, compared to its average volume of 3,917,156. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The stock has a market cap of $20.60 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 2.18 and a beta of 0.40. The stock's fifty day simple moving average is $84.29 and its two-hundred day simple moving average is $78.88. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $147.87.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $10.26 billion. During the same quarter in the previous year, the business earned $1.83 earnings per share. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. On average, analysts expect 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, April 22nd. Shareholders of record on Tuesday, April 8th were paid 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 yield of 2.52%. Dollar General's dividend payout ratio is currently 46.18%.

Insiders Place Their Bets

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the business's stock in a transaction on 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 approximately $4,596,951.04. The trade was 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. Corporate insiders own 0.56% of the company's stock.

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.