Teza Capital Management LLC Raises Holdings in Dollar General Co. (NYSE:DG)

Teza Capital Management LLC boosted its stake in shares of Dollar General Co. (NYSE:DG) by 22.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,506 shares of the company’s stock after acquiring an additional 10,106 shares during the quarter. Dollar General accounts for about 0.6% of Teza Capital Management LLC’s investment portfolio, making the stock its 25th largest holding. Teza Capital Management LLC’s holdings in Dollar General were worth $4,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. IMG Wealth Management Inc. purchased a new stake in Dollar General in the 4th quarter worth approximately $25,000. Altshuler Shaham Ltd purchased a new stake in Dollar General in the 4th quarter worth approximately $25,000. Providence First Trust Co purchased a new stake in Dollar General in the 4th quarter worth approximately $33,000. Bogart Wealth LLC lifted its holdings in Dollar General by 279.8% in the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock worth $37,000 after buying an additional 361 shares during the period. Finally, OFI Invest Asset Management purchased a new stake in Dollar General in the 4th quarter worth approximately $37,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Stock Up 0.6%

Dollar General stock opened at $93.55 on Friday. The firm has a market cap of $20.58 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 2.18 and a beta of 0.27. The stock has a fifty day simple moving average of $88.81 and a two-hundred day simple moving average of $79.96. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $147.79. 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 (NYSE:DG) last posted its 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. The business had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.26 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.83 EPS. Equities analysts predict that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.52%. The ex-dividend date was Tuesday, April 8th. Dollar General’s payout ratio is currently 46.18%.

Insider Buying and Selling

In related news, EVP Emily C. Taylor sold 809 shares of Dollar General stock in a transaction on Friday, April 4th. The stock was 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. The trade was a 1.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.56% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on DG shares. Melius upgraded Dollar General from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a report on Tuesday, April 8th. Melius Research upgraded Dollar General from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 8th. Guggenheim raised their target price on Dollar General from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $80.00 target price (down previously from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. Finally, Bank of America lowered their target price on Dollar General from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, March 14th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $95.16.

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.