Dollar General Co. (NYSE:DG) Shares Purchased by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd raised its position in shares of Dollar General Co. (NYSE:DG - Free Report) by 25.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,831 shares of the company's stock after buying an additional 5,824 shares during the quarter. UniSuper Management Pty Ltd's holdings in Dollar General were worth $2,186,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Deseret Mutual Benefit Administrators raised its stake in shares of Dollar General by 8.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company's stock valued at $143,000 after acquiring an additional 150 shares during the period. Bruce G. Allen Investments LLC grew its stake 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 last quarter. Peoples Bank KS raised its holdings in shares of 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 during the period. Metis Global Partners LLC lifted its stake in shares of 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 acquiring an additional 255 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in Dollar General by 126.4% during the 4th quarter. Venturi Wealth Management LLC now owns 498 shares of the company's stock valued at $38,000 after acquiring an additional 278 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

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Dollar General Stock Performance

Shares of Dollar General stock traded up $2.59 during midday trading on Wednesday, hitting $90.19. The company had a trading volume of 4,948,616 shares, compared to its average volume of 3,676,392. The stock has a market cap of $19.84 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 2.18 and a beta of 0.44. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $164.12. 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 company has a fifty day simple moving average of $76.83 and a 200 day simple moving average of $77.88.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly 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 during the quarter, compared to analysts' expectations of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company posted $1.83 earnings per share. As a group, analysts predict that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General's dividend payout ratio is presently 46.18%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Piper Sandler lifted their target price on Dollar General from $79.00 to $81.00 and gave the stock a "neutral" rating in a research report on Friday, March 14th. Wells Fargo & Company decreased their price objective on shares of Dollar General from $90.00 to $80.00 and set an "equal weight" rating for the company in a report on Thursday, December 5th. Bank of America dropped their target price on shares of Dollar General from $95.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. Barclays decreased 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. Finally, Citigroup lowered their price target on Dollar General from $73.00 to $69.00 and set a "sell" rating for the company in a report on Friday, March 7th. One research analyst has rated the stock with a sell rating, fifteen have given 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 an average price target of $92.26.

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.