Voloridge Investment Management LLC Boosts Stock Position in Dollar General Co. (NYSE:DG)

Voloridge Investment Management LLC increased its stake in Dollar General Co. (NYSE:DG) by 32.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,027,704 shares of the company’s stock after buying an additional 252,654 shares during the period. Voloridge Investment Management LLC’s holdings in Dollar General were worth $77,921,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DG. Arkadios Wealth Advisors increased its stake in Dollar General by 98.4% in the 4th quarter. Arkadios Wealth Advisors now owns 8,028 shares of the company’s stock worth $609,000 after buying an additional 3,982 shares in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Dollar General by 20.9% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 319,787 shares of the company’s stock valued at $24,246,000 after acquiring an additional 55,280 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Dollar General by 117.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 21,997 shares of the company’s stock worth $1,668,000 after purchasing an additional 11,893 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Dollar General by 75.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 139,953 shares of the company’s stock worth $10,611,000 after purchasing an additional 60,189 shares during the last quarter. Finally, Cornerstone Wealth Management LLC lifted its stake in Dollar General by 19.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 5,014 shares of the company’s stock worth $380,000 after purchasing an additional 827 shares during the last quarter. 91.77% of the stock is owned by institutional investors.

Dollar General Stock Up 5.0%

Shares of NYSE:DG opened at $98.23 on Tuesday. The stock has a market capitalization of $21.61 billion, a price-to-earnings ratio of 16.18, a price-to-earnings-growth ratio of 2.18 and a beta of 0.27. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $147.79. The company’s fifty day moving average is $89.28 and its two-hundred day moving average is $80.07. 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 issued its earnings results on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.17. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.26 billion. During the same period in the prior year, the company earned $1.83 earnings per share. The firm’s revenue was up 4.5% compared to the same quarter last year. Equities analysts anticipate that Dollar General Co. will post 5.75 EPS for the current 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. The ex-dividend date was Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.40%. Dollar General’s dividend payout ratio (DPR) is presently 46.18%.

Insider Buying and Selling

In related news, EVP Emily C. Taylor sold 809 shares of the stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on DG. The Goldman Sachs Group lifted their price target on shares of Dollar General from $85.00 to $96.00 and gave the company a “buy” rating in a research note on Monday. Piper Sandler lifted their price target 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. Gordon Haskett downgraded shares of Dollar General from a “hold” rating to a “reduce” rating in a research note on Wednesday, April 9th. Truist Financial lifted their price objective on shares of Dollar General from $76.00 to $93.00 and gave the stock a “hold” rating in a research note on Tuesday, April 8th. Finally, Morgan Stanley boosted their target price on shares of Dollar General from $80.00 to $85.00 and gave the company an “equal weight” rating in a research report on Monday. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $95.48.

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.