Tevis Investment Management Takes Position in Dollar General Co. (NYSE:DG)

Tevis Investment Management purchased a new stake in Dollar General Co. (NYSE:DG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 11,464 shares of the company's stock, valued at approximately $869,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new stake in Dollar General in the third quarter valued at about $33,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Dollar General in the fourth quarter valued at approximately $39,000. ORG Wealth Partners LLC acquired a new position in Dollar General during the third quarter worth $57,000. Studio Investment Management LLC grew its holdings in Dollar General by 200.4% during the third quarter. Studio Investment Management LLC now owns 850 shares of the company's stock worth $72,000 after acquiring an additional 567 shares during the period. Finally, Bruce G. Allen Investments LLC raised its position in Dollar General by 20.3% in the fourth quarter. Bruce G. Allen Investments LLC now owns 953 shares of the company's stock worth $72,000 after acquiring an additional 161 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

DG has been the subject of a number of research analyst reports. Bernstein Bank cut their price target on shares of Dollar General from $98.00 to $94.00 in a report on Friday, November 15th. 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. Evercore ISI decreased their price target on shares of Dollar General from $97.00 to $95.00 and set an "in-line" rating on the stock in a research note on Tuesday, December 3rd. Morgan Stanley dropped their target price on Dollar General from $100.00 to $80.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 21st. Finally, Truist Financial decreased their price target 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 research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Dollar General presently has an average rating of "Hold" and an average target price of $96.77.

Dollar General Stock Down 0.4 %

Shares of DG traded down $0.30 during trading on Wednesday, reaching $73.83. The company's stock had a trading volume of 2,309,370 shares, compared to its average volume of 3,401,487. The company has a fifty day moving average of $74.14 and a two-hundred day moving average of $85.02. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $168.07. The company has a market cap of $16.24 billion, a price-to-earnings ratio of 12.16, a P/E/G 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.

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

Dollar General Dividend Announcement

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

Dollar General Company 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.