APG Asset Management N.V. Invests $8.84 Million in Dollar General Co. (NYSE:DG)

APG Asset Management N.V. purchased a new stake in Dollar General Co. (NYSE:DG) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 120,700 shares of the company’s stock, valued at approximately $8,838,000. APG Asset Management N.V. owned approximately 0.05% of Dollar General as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in DG. Nomura Asset Management Co. Ltd. lifted its position in shares of Dollar General by 5.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 64,316 shares of the company’s stock worth $5,439,000 after buying an additional 3,493 shares during the last quarter. Geode Capital Management LLC boosted its position in Dollar General by 3.6% during the third quarter. Geode Capital Management LLC now owns 5,243,012 shares of the company’s stock worth $441,899,000 after purchasing an additional 182,300 shares during the period. TD Private Client Wealth LLC grew its holdings in Dollar General by 21.6% during the third quarter. TD Private Client Wealth LLC now owns 9,007 shares of the company’s stock valued at $762,000 after purchasing an additional 1,598 shares during the last quarter. Anchor Investment Management LLC raised its position in shares of Dollar General by 8.3% in the third quarter. Anchor Investment Management LLC now owns 17,414 shares of the company’s stock valued at $1,473,000 after purchasing an additional 1,333 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Dollar General in the third quarter worth $33,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $80.00 target price (down previously from $90.00) on shares of Dollar General in a report on Monday, March 3rd. Melius raised Dollar General from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research report on Tuesday. Truist Financial raised their target price on Dollar General from $76.00 to $93.00 and gave the company a “hold” rating in a report on Tuesday. The Goldman Sachs Group dropped their price target on Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $85.00 price objective on shares of Dollar General in a research note on Thursday, March 13th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $94.75.

Dollar General Stock Up 1.7 %

DG opened at $87.45 on Friday. The firm has a market cap of $19.23 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 2.18 and a beta of 0.40. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The firm’s 50-day simple moving average is $80.00 and its 200-day simple moving average is $78.21. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $156.25.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.17. The company had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $1.83 earnings per share. Equities research analysts anticipate that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.70%. Dollar General’s dividend payout ratio (DPR) is presently 46.18%.

Insider Activity at Dollar General

In related news, EVP Emily C. Taylor sold 809 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the sale, the executive vice president now owns 48,532 shares of the company’s stock, valued at $4,596,951.04. This trade represents a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.49% of the stock is currently owned by company insiders.

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.