Pitcairn Co. Invests $244,000 in Dollar General Co. (NYSE:DG)

Pitcairn Co. bought a new stake in Dollar General Co. (NYSE:DG) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 3,222 shares of the company’s stock, valued at approximately $244,000.

Several other institutional investors have also recently bought and sold shares of DG. Vanguard Group Inc. lifted its holdings in shares of Dollar General by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 25,231,285 shares of the company’s stock worth $1,913,036,000 after buying an additional 160,853 shares during the last quarter. Pzena Investment Management LLC raised its stake in Dollar General by 14.9% during the 4th quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company’s stock valued at $892,199,000 after purchasing an additional 1,528,450 shares during the last quarter. State Street Corp boosted its holdings in Dollar General by 8.3% in the 3rd quarter. State Street Corp now owns 9,958,704 shares of the company’s stock valued at $842,208,000 after purchasing an additional 759,869 shares during the period. Geode Capital Management LLC grew its position in Dollar General by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 5,361,216 shares of the company’s stock worth $405,425,000 after purchasing an additional 118,204 shares during the last quarter. Finally, First Eagle Investment Management LLC bought a new position in shares of Dollar General during the 4th quarter worth about $399,433,000. Institutional investors own 91.77% of the company’s stock.

Dollar General Price Performance

DG opened at $92.82 on Monday. The company has a fifty day moving average price of $78.10 and a two-hundred day moving average price of $78.02. The firm has a market capitalization of $20.41 billion, a PE ratio of 15.29, a P/E/G ratio of 2.18 and a beta of 0.40. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $159.52. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, March 13th. The company reported $1.68 EPS for the quarter, beating 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 business had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.26 billion. During the same quarter in the prior year, the company posted $1.83 earnings per share. The firm’s revenue was up 4.5% on a year-over-year basis. As a group, analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date is Tuesday, April 8th. Dollar General’s dividend payout ratio is currently 46.18%.

Analyst Ratings Changes

A number of research firms recently weighed in on DG. Citigroup decreased their target price on Dollar General from $73.00 to $69.00 and set a “sell” rating on the stock in a research report on Friday, March 7th. UBS Group lowered their price objective on Dollar General from $108.00 to $95.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Bank of America decreased their price target 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. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $80.00 price target (down previously from $90.00) on shares of Dollar General in a report on Monday, March 3rd. Finally, Piper Sandler raised their price objective on shares of Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $92.26.

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.