Stevens Capital Management LP Takes $483,000 Position in Dollar General Co. (NYSE:DG)

Stevens Capital Management LP acquired a new position in shares of Dollar General Co. (NYSE:DG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,365 shares of the company's stock, valued at approximately $483,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators grew its holdings in shares of Dollar General by 8.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company's stock valued at $143,000 after purchasing an additional 150 shares during the last quarter. Bruce G. Allen Investments LLC increased its position in shares of Dollar General by 20.3% during the fourth quarter. Bruce G. Allen Investments LLC now owns 953 shares of the company's stock valued at $72,000 after buying an additional 161 shares during the period. Peoples Bank KS raised its stake in Dollar General by 19.1% in the fourth quarter. Peoples Bank KS now owns 1,435 shares of the company's stock worth $109,000 after buying an additional 230 shares in the last quarter. Metis Global Partners LLC lifted its holdings in Dollar General by 3.6% in the fourth quarter. Metis Global Partners LLC now owns 7,297 shares of the company's stock worth $553,000 after buying an additional 255 shares during the period. Finally, Venturi Wealth Management LLC grew its holdings in shares of Dollar General by 126.4% during the 4th quarter. Venturi Wealth Management LLC now owns 498 shares of the company's stock worth $38,000 after acquiring an additional 278 shares during the period. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DG. Telsey Advisory Group restated a "market perform" rating and set a $85.00 price target on shares of Dollar General in a research report on Thursday, March 13th. The Goldman Sachs Group dropped their target price 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 reduced their price target on Dollar General from $94.00 to $83.00 and set a "hold" rating for the company in a report on Friday, December 6th. BMO Capital Markets upped their price target on shares of Dollar General from $80.00 to $84.00 and gave the stock a "market perform" rating in a research note on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $80.00 target price (down from $90.00) on shares of Dollar General in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $92.26.

Dollar General Price Performance

Shares of Dollar General stock traded down $0.54 during trading on Tuesday, reaching $82.62. 3,893,767 shares of the stock traded hands, compared to its average volume of 3,547,250. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The company has a market capitalization of $18.17 billion, a price-to-earnings ratio of 13.61, a P/E/G ratio of 2.18 and a beta of 0.44. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $164.12. The business has a fifty day simple moving average of $74.82 and a two-hundred day simple moving average of $77.72.

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, beating the consensus estimate of $1.51 by $0.17. The business had revenue of $10.30 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.83 earnings per share. Sell-side analysts expect that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.86%. The ex-dividend date is Tuesday, April 8th. Dollar General's dividend payout ratio is presently 46.18%.

Insider Activity at Dollar General

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the firm's stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the transaction, the director now directly owns 120,322 shares in the company, valued at $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 available through the SEC website. 0.49% of the stock is currently owned by company 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.