Generali Asset Management SPA SGR Buys New Stake in Dollar General Co. (NYSE:DG)

Generali Asset Management SPA SGR acquired a new position in Dollar General Co. (NYSE:DG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,149 shares of the company's stock, valued at approximately $315,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in Dollar General during the fourth quarter valued at approximately $57,000. Eagle Rock Investment Company LLC increased its position in shares of Dollar General by 16.3% during the 4th quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company's stock valued at $2,186,000 after purchasing an additional 4,048 shares during the last quarter. Leibman Financial Services Inc. purchased a new stake in Dollar General during the 4th quarter valued at $2,018,000. DAVENPORT & Co LLC lifted its position in Dollar General by 5,624.9% in the fourth quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company's stock worth $24,385,000 after buying an additional 316,005 shares during the last quarter. Finally, Cynosure Group LLC boosted its stake in Dollar General by 710.7% during the third quarter. Cynosure Group LLC now owns 25,343 shares of the company's stock worth $2,143,000 after buying an additional 22,217 shares during the period. 91.77% of the stock is currently owned by institutional investors.

Insider Activity at Dollar General

In other news, Director Michael M. Calbert sold 6,000 shares of the stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the transaction, the director now directly owns 120,322 shares of the company's stock, valued at approximately $9,056,636.94. This represents a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.49% of the stock is currently owned by insiders.

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Dollar General Stock Down 0.6 %

Shares of NYSE DG traded down $0.54 during trading hours on Tuesday, hitting $82.62. 3,893,767 shares of the stock were exchanged, compared to its average volume of 3,541,205. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $164.12. The firm has a fifty day moving average price of $74.82 and a 200-day moving average price of $77.72. 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 company has a market cap of $18.17 billion, a PE ratio of 13.61, a PEG ratio of 2.18 and a beta of 0.44.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.51 by $0.17. The business had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.26 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The business's quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.83 earnings per share. On average, sell-side analysts expect that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.86%. Dollar General's dividend payout ratio (DPR) is currently 46.18%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Truist Financial lowered their target price on shares of Dollar General from $94.00 to $83.00 and set a "hold" rating for the company in a report on Friday, December 6th. Bank of America dropped their target price on Dollar General from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, March 14th. Evercore ISI decreased their price target on Dollar General from $97.00 to $95.00 and set an "in-line" rating for the company in a research note on Tuesday, December 3rd. Piper Sandler upped their price objective on Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a research report on Friday, March 14th. Finally, Gordon Haskett lowered shares of Dollar General from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $92.26.

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.