Dollar General Co. (NYSE:DG) Shares Acquired by MGO One Seven LLC

MGO One Seven LLC grew its stake in shares of Dollar General Co. (NYSE:DG - Free Report) by 36.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,956 shares of the company's stock after acquiring an additional 3,448 shares during the period. MGO One Seven LLC's holdings in Dollar General were worth $982,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in Dollar General during the 4th quarter valued at about $57,000. Eagle Rock Investment Company LLC raised its position in shares of Dollar General by 16.3% during the 4th 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. purchased a new stake in Dollar General in the 4th quarter valued at approximately $2,018,000. DAVENPORT & Co LLC grew its holdings in 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 buying an additional 316,005 shares during the last quarter. Finally, Matrix Asset Advisors Inc. NY purchased a new position in Dollar General during the fourth quarter worth $6,158,000. Hedge funds and other institutional investors own 91.77% of the company's stock.

Dollar General Stock Down 1.1 %

Dollar General stock traded down $1.07 during midday trading on Monday, hitting $92.49. 3,048,316 shares of the company were exchanged, compared to its average volume of 3,923,836. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $147.87. The company's fifty day moving average price is $84.62 and its 200-day moving average price is $78.90. The company has a market cap of $20.34 billion, a PE ratio of 15.24, a price-to-earnings-growth ratio of 2.18 and a beta of 0.40.

Dollar General (NYSE:DG - Get Free Report) last announced its earnings results on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, beating 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 the consensus estimate of $10.26 billion. During the same period in the prior year, the firm earned $1.83 earnings per share. The business's quarterly 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 declared a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend was Tuesday, April 8th. Dollar General's dividend payout ratio is currently 46.18%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on DG shares. The Goldman Sachs Group reduced their price objective on Dollar General from $104.00 to $93.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. Citigroup raised shares of Dollar General from a "sell" rating to a "neutral" rating and raised their price target for the stock from $69.00 to $101.00 in a research note on Monday, April 7th. Telsey Advisory Group reissued a "market perform" rating and issued a $85.00 price objective on shares of Dollar General in a research report on Thursday, March 13th. Truist Financial lifted their target price on shares of Dollar General from $76.00 to $93.00 and gave the stock a "hold" rating in a research note on Tuesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $80.00 price target (down previously from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $94.75.

Insider Buying and Selling at Dollar General

In other news, EVP Emily C. Taylor sold 809 shares of the business's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the sale, the executive vice president now owns 48,532 shares of the company's stock, valued at approximately $4,596,951.04. The trade was a 1.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is currently owned by corporate insiders.

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.