Invesco Ltd. Has $256.31 Million Position in Dollar General Co. (NYSE:DG)

Invesco Ltd. raised its position in Dollar General Co. (NYSE:DG - Free Report) by 32.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,380,501 shares of the company's stock after purchasing an additional 821,608 shares during the quarter. Invesco Ltd. owned 1.54% of Dollar General worth $256,310,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. First Eagle Investment Management LLC acquired a new stake in Dollar General in the 4th quarter valued at $399,433,000. ACR Alpine Capital Research LLC grew its holdings in shares of Dollar General by 8,426.1% in the 4th quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company's stock valued at $306,424,000 after acquiring an additional 3,994,070 shares in the last quarter. Norges Bank acquired a new stake in shares of Dollar General in the fourth quarter valued at about $140,421,000. Pzena Investment Management LLC raised its holdings in Dollar General by 14.9% during the fourth quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company's stock worth $892,199,000 after acquiring an additional 1,528,450 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in Dollar General by 151.3% during the fourth quarter. Russell Investments Group Ltd. now owns 1,312,530 shares of the company's stock valued at $99,516,000 after purchasing an additional 790,284 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Emily C. Taylor sold 809 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the sale, the executive vice president now directly owns 48,532 shares in the company, valued at approximately $4,596,951.04. This trade represents a 1.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.49% of the company's stock.

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Dollar General Stock Performance

Shares of NYSE:DG traded up $0.51 on Wednesday, reaching $88.94. 987,192 shares of the company's stock were exchanged, compared to its average volume of 4,254,255. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $147.87. The company has a fifty day moving average of $81.01 and a 200-day moving average of $78.28. The company has a market capitalization of $19.56 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 2.18 and a beta of 0.40.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.17. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business had revenue of $10.30 billion during the quarter, compared to analysts' expectations of $10.26 billion. During the same quarter in the prior year, the business posted $1.83 earnings per share. Dollar General's revenue was up 4.5% compared to the same quarter last year. On average, research analysts predict that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Tuesday, April 8th. Dollar General's dividend payout ratio is presently 46.18%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Bank of America dropped their price objective on Dollar General from $95.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. The Goldman Sachs Group decreased 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 report on Thursday, January 23rd. Melius Research upgraded shares of Dollar General from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Truist Financial lifted their price target on Dollar General from $76.00 to $93.00 and gave the stock a "hold" rating in a report on Tuesday, April 8th. Finally, Barclays dropped their price objective on Dollar General from $102.00 to $100.00 and set an "overweight" rating on the stock in a research note on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price 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.