Dollar General Co. (NYSE:DG) Stock Holdings Increased by Gotham Asset Management LLC

Gotham Asset Management LLC lifted its position in Dollar General Co. (NYSE:DG) by 3.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 76,518 shares of the company’s stock after buying an additional 2,779 shares during the quarter. Gotham Asset Management LLC’s holdings in Dollar General were worth $5,802,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. IMG Wealth Management Inc. purchased a new position in shares of Dollar General in the fourth quarter worth approximately $25,000. Altshuler Shaham Ltd purchased a new position in Dollar General during the fourth quarter valued at approximately $25,000. Providence First Trust Co purchased a new position in Dollar General during the fourth quarter valued at approximately $33,000. Bogart Wealth LLC grew its position in Dollar General by 279.8% during the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock valued at $37,000 after purchasing an additional 361 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new position in Dollar General during the fourth quarter valued at approximately $37,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on DG shares. The Goldman Sachs Group lowered their price objective on shares of Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Piper Sandler boosted their price objective on shares of Dollar General from $79.00 to $81.00 and gave the company a “neutral” rating in a research report on Friday, March 14th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Dollar General in a research note on Monday, May 5th. Truist Financial lifted their target price on shares of Dollar General from $76.00 to $93.00 and gave the company a “hold” rating in a research note on Tuesday, April 8th. Finally, UBS Group reduced their target price on shares of Dollar General from $108.00 to $95.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $95.16.

Dollar General Price Performance

Shares of Dollar General stock opened at $86.86 on Wednesday. The firm has a fifty day simple moving average of $88.20 and a 200-day simple moving average of $79.72. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $147.87. The stock has a market capitalization of $19.10 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 2.18 and a beta of 0.27.

Dollar General (NYSE:DG) last released its earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.51 by $0.17. The firm 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% compared to the same quarter last year. During the same period in the prior year, the company earned $1.83 EPS. On average, sell-side analysts expect that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend was Tuesday, April 8th. Dollar General’s payout ratio is currently 46.18%.

Insider Activity at Dollar General

In related news, EVP Emily C. Taylor sold 809 shares of the company’s stock in a transaction on Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the transaction, the executive vice president now directly owns 48,532 shares in the company, valued at $4,596,951.04. This represents a 1.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.56% of the company’s stock.

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.