LPL Financial LLC Raises Stake in Dollar General Co. (NYSE:DG)

LPL Financial LLC increased its position in Dollar General Co. (NYSE:DG - Free Report) by 27.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 165,917 shares of the company's stock after buying an additional 35,735 shares during the period. LPL Financial LLC owned 0.08% of Dollar General worth $12,580,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in Dollar General in the 4th quarter worth about $57,000. Eagle Rock Investment Company LLC boosted its position in Dollar General by 16.3% in the fourth quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company's stock worth $2,186,000 after purchasing an additional 4,048 shares during the last quarter. Leibman Financial Services Inc. bought a new position in Dollar General in the 4th quarter valued at $2,018,000. DAVENPORT & Co LLC increased its position in shares of Dollar General by 5,624.9% during the 4th quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company's stock valued at $24,385,000 after purchasing an additional 316,005 shares during the last quarter. Finally, Matrix Asset Advisors Inc. NY purchased a new position in shares of Dollar General in the 4th quarter worth about $6,158,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Price Performance

Shares of NYSE DG traded down $1.60 during midday trading on Friday, reaching $92.82. 10,627,876 shares of the stock traded hands, compared to its average volume of 3,748,103. The company's 50 day moving average is $78.10 and its 200 day moving average is $78.13. Dollar General Co. has a one year low of $66.43 and a one year high of $161.99. The stock has a market capitalization of $20.41 billion, a PE ratio of 15.29, a P/E/G ratio of 2.18 and a beta of 0.40. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15.

Remove Ads

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

Dollar General Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DG shares. Morgan Stanley dropped their target price on Dollar General from $100.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 21st. The Goldman Sachs Group decreased their price objective on Dollar General from $104.00 to $93.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. Truist Financial cut their price target on shares of Dollar General from $94.00 to $83.00 and set a "hold" rating for the company in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $80.00 target price (down previously from $90.00) on shares of Dollar General in a report on Monday, March 3rd. Finally, Barclays lowered their price objective on shares of Dollar General from $102.00 to $100.00 and set an "overweight" rating for the company in a research note on Thursday, January 9th. One 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. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $92.26.

Dollar General 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.