Intech Investment Management LLC Buys 32,740 Shares of Dollar General Co. (NYSE:DG)

Intech Investment Management LLC increased its holdings in Dollar General Co. (NYSE:DG - Free Report) by 126.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,699 shares of the company's stock after buying an additional 32,740 shares during the period. Intech Investment Management LLC's holdings in Dollar General were worth $4,451,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. IMG Wealth Management Inc. purchased a new position in shares of Dollar General in the fourth quarter valued at about $25,000. Wilmington Savings Fund Society FSB bought a new position in Dollar General in the 3rd quarter valued at approximately $33,000. Providence First Trust Co bought a new stake in Dollar General in the 4th quarter worth about $33,000. Bogart Wealth LLC lifted its position in Dollar General by 279.8% during the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company's stock valued at $37,000 after purchasing an additional 361 shares during the period. Finally, Venturi Wealth Management LLC boosted its stake in shares of Dollar General by 126.4% in the 4th quarter. Venturi Wealth Management LLC now owns 498 shares of the company's stock worth $38,000 after buying an additional 278 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Michael M. Calbert sold 6,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the completion of the sale, the director now owns 120,322 shares in the company, valued at $9,056,636.94. This represents a 4.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.49% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages have weighed in on DG. The Goldman Sachs Group lowered their price target on shares of Dollar General from $104.00 to $93.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. Barclays lowered their target price on shares of Dollar General from $102.00 to $100.00 and set an "overweight" rating on the stock in a research note on Thursday, January 9th. Piper Sandler lifted their target price on shares of Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a research note on Friday, March 14th. Morgan Stanley lowered their price target on Dollar General from $100.00 to $80.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 21st. Finally, Bank of America decreased their target price on Dollar General from $95.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, March 14th. One investment 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. According to MarketBeat.com, Dollar General presently has an average rating of "Hold" and a consensus target price of $92.26.

Dollar General Stock Up 2.7 %

Dollar General stock traded up $2.17 during midday trading on Friday, hitting $83.84. 6,955,393 shares of the company were exchanged, compared to its average volume of 3,538,616. The company's fifty day moving average price is $74.58 and its 200-day moving average price is $77.72. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $164.12. 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 company has a market cap of $18.44 billion, a PE ratio of 13.81, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.17. The business 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%. The business's revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.83 EPS. On average, research analysts predict that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

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 paid 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 2.82%. Dollar General's dividend payout ratio is currently 46.18%.

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.