Natixis Has $17.87 Million Stock Position in Dollar General Co. (NYSE:DG)

Natixis increased its stake in Dollar General Co. (NYSE:DG - Free Report) by 50.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 235,660 shares of the company's stock after buying an additional 79,268 shares during the quarter. Natixis owned about 0.11% of Dollar General worth $17,868,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. IMG Wealth Management Inc. acquired a new position in shares of Dollar General during the fourth quarter worth $25,000. Altshuler Shaham Ltd purchased a new position in Dollar General in the 4th quarter valued at about $25,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Dollar General during the third quarter valued at about $33,000. Providence First Trust Co purchased a new stake in shares of Dollar General during the fourth quarter worth about $33,000. Finally, Bogart Wealth LLC lifted its stake in shares of Dollar General by 279.8% in the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company's stock worth $37,000 after acquiring an additional 361 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company's stock.

Wall Street Analyst Weigh In

DG has been the subject of a number of research analyst reports. UBS Group dropped their price target on shares of Dollar General from $108.00 to $95.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Melius raised Dollar General from a "hold" rating to a "buy" rating and set a $110.00 target price for the company in a report on Tuesday, April 8th. Gordon Haskett downgraded Dollar General from a "hold" rating to a "reduce" rating in a report on Wednesday, April 9th. Bank of America dropped 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. Finally, Melius Research upgraded shares of Dollar General from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. 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 given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $94.75.

Dollar General Stock Performance

Shares of NYSE:DG traded down $1.33 during midday trading on Wednesday, hitting $95.46. The company's stock had a trading volume of 3,851,421 shares, compared to its average volume of 3,901,063. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $147.87. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The stock has a market capitalization of $21.00 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 2.18 and a beta of 0.40. The stock's 50 day simple moving average is $83.03 and its 200 day simple moving average is $78.63.

Dollar General (NYSE:DG - Get Free Report) last announced its earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 3.33% and a return on equity of 18.85%. Dollar General's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.83 earnings per share. As a group, 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 announced a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were paid a $0.59 dividend. The ex-dividend date was Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.47%. Dollar General's payout ratio is 46.18%.

Insider Buying and Selling

In related news, EVP Emily C. Taylor sold 809 shares of the stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the sale, the executive vice president now owns 48,532 shares in the company, valued at $4,596,951.04. This trade represents a 1.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.49% of the stock is owned by company insiders.

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.