Groupama Asset Managment Has $1.43 Million Position in Dollar General Co. (NYSE:DG)

Groupama Asset Managment increased its holdings in Dollar General Co. (NYSE:DG - Free Report) by 104.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,857 shares of the company's stock after acquiring an additional 9,644 shares during the period. Groupama Asset Managment's holdings in Dollar General were worth $1,427,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. D.A. Davidson & CO. grew its stake in Dollar General by 112.9% in the third quarter. D.A. Davidson & CO. now owns 5,394 shares of the company's stock valued at $456,000 after purchasing an additional 2,861 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Dollar General by 14.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 9,601 shares of the company's stock valued at $812,000 after buying an additional 1,200 shares during the last quarter. Verition Fund Management LLC grew its stake in shares of Dollar General by 387.7% in the 3rd quarter. Verition Fund Management LLC now owns 32,912 shares of the company's stock valued at $2,783,000 after buying an additional 26,164 shares in the last quarter. PDT Partners LLC acquired a new position in Dollar General in the third quarter worth approximately $211,000. Finally, Benjamin Edwards Inc. raised its position in Dollar General by 493.6% during the third quarter. Benjamin Edwards Inc. now owns 35,203 shares of the company's stock valued at $2,977,000 after acquiring an additional 29,273 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company's stock.

Remove Ads

Dollar General Price Performance

NYSE DG traded down $1.60 on Friday, reaching $92.82. The company's stock had a trading volume of 10,627,876 shares, compared to its average volume of 3,748,103. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $161.99. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The firm has a market cap of $20.41 billion, a PE ratio of 15.29, a price-to-earnings-growth ratio of 2.18 and a beta of 0.40. The business has a 50-day moving average price of $78.10 and a 200 day moving average price of $78.13.

Dollar General (NYSE:DG - Get Free Report) last issued its 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. 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 period in the prior year, the firm posted $1.83 EPS. Dollar General's quarterly revenue was up 4.5% compared to the same quarter last year. Sell-side analysts expect that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General's dividend payout ratio (DPR) is currently 46.18%.

Wall Street Analyst Weigh In

Several analysts have commented on DG shares. Telsey Advisory Group reissued a "market perform" rating and issued a $85.00 target price on shares of Dollar General in a research report on Thursday, March 13th. Piper Sandler increased their target price on shares of Dollar General from $79.00 to $81.00 and gave the stock a "neutral" rating in a research report on Friday, March 14th. The Goldman Sachs Group reduced their price target on Dollar General from $104.00 to $93.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. Truist Financial lowered their price objective on Dollar General from $94.00 to $83.00 and set a "hold" rating on the stock in a report on Friday, December 6th. Finally, Citigroup decreased their target price on Dollar General from $73.00 to $69.00 and set a "sell" rating for the company in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price 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.