Magnetar Financial LLC Acquires New Stake in Dollar General Co. (NYSE:DG)

Magnetar Financial LLC acquired a new position in shares of Dollar General Co. (NYSE:DG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,883 shares of the company's stock, valued at approximately $370,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. IMG Wealth Management Inc. acquired a new position in shares of Dollar General during the fourth quarter valued at about $25,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Dollar General in the third quarter valued at about $33,000. Providence First Trust Co bought a new position in shares of Dollar General during the fourth quarter valued at about $33,000. Bogart Wealth LLC boosted its holdings in Dollar General by 279.8% during 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, Venturi Wealth Management LLC grew its position in 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 purchasing an additional 278 shares in the last quarter. Institutional investors own 91.77% of the company's stock.

Dollar General Price Performance

Shares of DG stock traded down $0.42 on Tuesday, reaching $82.75. The company's stock had a trading volume of 1,510,737 shares, compared to its average volume of 3,541,205. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $164.12. The stock's 50 day simple moving average is $74.82 and its 200-day simple moving average is $77.72. 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 company has a market capitalization of $18.20 billion, a P/E ratio of 13.63, a PEG ratio of 2.18 and a beta of 0.44.

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Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.51 by $0.17. The firm 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%. The company's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the company posted $1.83 EPS. As a group, equities analysts predict that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.85%. The ex-dividend date is Tuesday, April 8th. Dollar General's dividend payout ratio (DPR) is currently 46.18%.

Insider Transactions at Dollar General

In other news, Director Michael M. Calbert sold 6,000 shares of the firm's stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total value of $451,620.00. Following the completion of the sale, the director now directly owns 120,322 shares of the company's stock, valued at approximately $9,056,636.94. This trade represents a 4.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.49% of the company's stock.

Analysts Set New Price Targets

DG has been the topic of a number of research analyst reports. 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 research note on Monday, March 3rd. Telsey Advisory Group restated a "market perform" rating and issued a $85.00 price objective on shares of Dollar General in a research note on Thursday, March 13th. Piper Sandler lifted their target price on Dollar General from $79.00 to $81.00 and gave the stock a "neutral" rating in a research note on Friday, March 14th. BMO Capital Markets increased their price target on shares of Dollar General from $80.00 to $84.00 and gave the company a "market perform" rating in a research report on Friday, December 6th. Finally, The Goldman Sachs Group decreased their price target 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 equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Dollar General currently has a consensus rating of "Hold" and a consensus target price of $92.26.

About Dollar General

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.