Tectonic Advisors LLC Purchases Shares of 5,948 Dollar General Co. (NYSE:DG)

Tectonic Advisors LLC acquired a new stake in Dollar General Co. (NYSE:DG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,948 shares of the company's stock, valued at approximately $451,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Metis Global Partners LLC lifted its holdings in Dollar General by 2.0% in the third quarter. Metis Global Partners LLC now owns 7,042 shares of the company's stock valued at $596,000 after acquiring an additional 135 shares during the period. Empirical Finance LLC lifted its stake in shares of Dollar General by 2.0% in the 3rd quarter. Empirical Finance LLC now owns 7,768 shares of the company's stock valued at $657,000 after purchasing an additional 153 shares during the period. Bruce G. Allen Investments LLC boosted its holdings in Dollar General by 20.3% during the fourth quarter. Bruce G. Allen Investments LLC now owns 953 shares of the company's stock worth $72,000 after buying an additional 161 shares in the last quarter. Peoples Bank KS grew its position in Dollar General by 19.1% during the fourth quarter. Peoples Bank KS now owns 1,435 shares of the company's stock valued at $109,000 after buying an additional 230 shares during the period. Finally, NBC Securities Inc. raised its position in shares of Dollar General by 13.3% in the third quarter. NBC Securities Inc. now owns 2,058 shares of the company's stock worth $174,000 after acquiring an additional 241 shares during the period. Institutional investors and hedge funds own 91.77% of the company's stock.

Insider Transactions at Dollar General

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the completion of the transaction, the director now directly owns 120,322 shares of the company's stock, valued at $9,056,636.94. The trade was a 4.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Emily C. Taylor sold 4,740 shares of the company's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $77.44, for a total transaction of $367,065.60. Following the sale, the executive vice president now directly owns 15,575 shares in the company, valued at approximately $1,206,128. The trade was a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.49% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DG. Bank of America upgraded Dollar General from an "underperform" rating to a "buy" rating and set a $95.00 target price on the stock in a research report on Friday, December 6th. Morgan Stanley cut their price objective on Dollar General from $100.00 to $80.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 21st. HSBC decreased their target price on Dollar General from $100.00 to $88.00 and set a "hold" rating on the stock in a research report on Friday, November 15th. BMO Capital Markets boosted their price target on shares of Dollar General from $80.00 to $84.00 and gave the stock a "market perform" rating in a report on Friday, December 6th. Finally, Truist Financial decreased their price objective on shares of Dollar General from $94.00 to $83.00 and set a "hold" rating on the stock in a report on Friday, December 6th. One 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 MarketBeat.com, Dollar General has a consensus rating of "Hold" and an average target price of $96.77.

Dollar General Trading Up 1.8 %

Shares of Dollar General stock traded up $1.34 during mid-day trading on Monday, hitting $73.83. The stock had a trading volume of 1,560,134 shares, compared to its average volume of 3,402,655. The firm has a market cap of $16.24 billion, a P/E ratio of 12.16, a price-to-earnings-growth ratio of 2.08 and a beta of 0.43. 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 firm has a 50-day moving average of $74.31 and a two-hundred day moving average of $85.64. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $168.07.

Dollar General (NYSE:DG - Get Free Report) last posted its earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.08). The business had revenue of $10.18 billion for the quarter, compared to analyst estimates of $10.14 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. Dollar General's revenue was up 5.0% compared to the same quarter last year. During the same period last year, the business earned $1.26 EPS. Sell-side analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend was Tuesday, January 7th. Dollar General's dividend payout ratio (DPR) is 38.88%.

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.