HighPoint Advisor Group LLC Takes $252,000 Position in Dollar General Co. (NYSE:DG)

HighPoint Advisor Group LLC bought a new stake in shares of Dollar General Co. (NYSE:DG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,398 shares of the company's stock, valued at approximately $252,000.

A number of other institutional investors have also recently made changes to their positions in DG. IMG Wealth Management Inc. bought a new stake in shares of Dollar General during the 4th quarter worth approximately $25,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Dollar General during the third quarter valued at $33,000. Providence First Trust Co purchased a new stake in shares of Dollar General during the fourth quarter valued at $33,000. Bogart Wealth LLC grew its holdings in shares of Dollar General by 279.8% in the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company's stock worth $37,000 after purchasing an additional 361 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new position in Dollar General in the 4th quarter worth about $37,000. Institutional investors own 91.77% of the company's stock.

Dollar General Stock Performance

DG traded down $1.60 on Friday, reaching $92.82. 10,627,876 shares of the stock were exchanged, compared to its average volume of 3,752,637. The company's 50-day moving average price is $78.10 and its 200 day moving average price is $78.13. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The firm has a market capitalization of $20.41 billion, a PE ratio of 15.29, a PEG ratio of 2.18 and a beta of 0.40. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $159.52.

Remove Ads

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

Dollar General Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General's dividend payout ratio is currently 46.18%.

Wall Street Analysts Forecast Growth

DG has been the topic of a number of research analyst reports. UBS Group dropped their target price on shares of Dollar General from $108.00 to $95.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. Barclays reduced their price objective on Dollar General from $102.00 to $100.00 and set an "overweight" rating on the stock in a report on Thursday, January 9th. Morgan Stanley lowered their target price on Dollar General from $100.00 to $80.00 and set an "equal weight" rating for the company in a report on Tuesday, January 21st. Piper Sandler raised 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. Finally, The Goldman Sachs Group lowered their price objective on shares of Dollar General from $104.00 to $93.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Dollar General presently has a consensus rating of "Hold" and a consensus target price of $92.26.

Dollar General Company 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.