HighPoint Advisor Group LLC Purchases Shares of 3,398 Dollar General Co. (NYSE:DG)

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

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its position in shares of Dollar General by 304.5% during the fourth quarter. Franklin Resources Inc. now owns 279,833 shares of the company's stock valued at $21,217,000 after purchasing an additional 210,660 shares during the period. Alliancebernstein L.P. boosted its position in shares of Dollar General by 1.4% during the 4th quarter. Alliancebernstein L.P. now owns 270,005 shares of the company's stock valued at $20,472,000 after acquiring an additional 3,812 shares in the last quarter. Wellington Management Group LLP lifted its stake in Dollar General by 4.5% during the fourth quarter. Wellington Management Group LLP now owns 32,507 shares of the company's stock worth $2,465,000 after purchasing an additional 1,410 shares during the period. Inkwell Capital LLC bought a new stake in shares of Dollar General in the 4th quarter valued at approximately $1,116,000. Finally, Brandywine Global Investment Management LLC boosted its stake in Dollar General by 64.7% in the 4th quarter. Brandywine Global Investment Management LLC now owns 1,354,248 shares of the company's stock valued at $102,679,000 after buying an additional 531,884 shares in the last quarter. Institutional investors own 91.77% of the company's stock.

Dollar General Stock Performance

Shares of DG traded down $0.13 during mid-day trading on Tuesday, hitting $91.30. 2,566,216 shares of the company's stock were exchanged, compared to its average volume of 4,155,413. The firm has a market cap of $20.08 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 2.18 and a beta of 0.40. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $156.60. 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's 50-day simple moving average is $78.47 and its 200-day simple moving average is $78.06.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly 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 business had revenue of $10.30 billion during 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%. Dollar General's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.83 earnings per share. On average, equities research analysts expect that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be given a $0.59 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.58%. Dollar General's dividend payout ratio is currently 46.18%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DG. Citigroup raised shares of Dollar General from a "sell" rating to a "neutral" rating and lifted their price target for the company from $69.00 to $101.00 in a report on Monday. Truist Financial boosted their target price on Dollar General from $76.00 to $93.00 and gave the stock a "hold" rating in a report on Tuesday. Bank of America dropped their price target on Dollar General from $95.00 to $90.00 and set a "buy" rating for the company in a report on Friday, March 14th. Barclays decreased their target price on Dollar General from $102.00 to $100.00 and set an "overweight" rating on the stock in a report on Thursday, January 9th. Finally, The Goldman Sachs Group cut their price target on Dollar General from $104.00 to $93.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. Sixteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Dollar General presently has a consensus rating of "Hold" and an average price target of $94.75.

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.