Trexquant Investment LP Buys 117,986 Shares of Dollar General Co. (NYSE:DG)

Trexquant Investment LP increased its holdings in shares of Dollar General Co. (NYSE:DG - Free Report) by 42.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 397,679 shares of the company's stock after purchasing an additional 117,986 shares during the quarter. Dollar General accounts for about 0.4% of Trexquant Investment LP's investment portfolio, making the stock its 28th largest holding. Trexquant Investment LP owned approximately 0.18% of Dollar General worth $30,152,000 at the end of the most recent quarter.

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

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Wall Street Analyst Weigh In

A number of analysts recently issued reports on DG shares. Barclays dropped their price target on shares of Dollar General from $102.00 to $100.00 and set an "overweight" rating for the company in a research note on Thursday, January 9th. Morgan Stanley cut their target price on shares of Dollar General from $100.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 21st. BMO Capital Markets boosted their price objective on Dollar General from $80.00 to $84.00 and gave the company a "market perform" rating in a report on Friday, December 6th. Citigroup reduced their target price on Dollar General from $73.00 to $69.00 and set a "sell" rating on the stock in a report on Friday, March 7th. Finally, The Goldman Sachs Group lowered their price target on Dollar General from $104.00 to $93.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. One equities research 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, the stock presently has an average rating of "Hold" and a consensus price target of $92.26.

Dollar General Stock Performance

NYSE:DG traded up $2.59 during midday trading on Wednesday, reaching $90.19. The stock had a trading volume of 4,948,616 shares, compared to its average volume of 3,684,163. The stock has a market capitalization of $19.84 billion, a P/E ratio of 14.86, a PEG ratio of 2.18 and a beta of 0.44. 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 1-year low of $66.43 and a 1-year high of $164.12. The firm's fifty day simple moving average is $77.22 and its 200-day simple moving average is $77.97.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.51 by $0.17. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.26 billion. During the same period in the previous year, the company earned $1.83 earnings per share. The company's quarterly revenue was up 4.5% compared to the same quarter last year. On average, equities research analysts forecast that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.62%. Dollar General's dividend payout ratio (DPR) is presently 46.18%.

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.