Ossiam Raises Stock Holdings in Dollar General Co. (NYSE:DG)

Ossiam boosted its stake in shares of Dollar General Co. (NYSE:DG) by 7.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,964 shares of the company’s stock after buying an additional 291 shares during the quarter. Ossiam’s holdings in Dollar General were worth $301,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Anchor Investment Management LLC boosted its holdings in Dollar General by 8.3% during the 3rd quarter. Anchor Investment Management LLC now owns 17,414 shares of the company’s stock valued at $1,473,000 after acquiring an additional 1,333 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Dollar General in the third quarter valued at approximately $33,000. Tidal Investments LLC grew its holdings in shares of Dollar General by 25.4% in the third quarter. Tidal Investments LLC now owns 17,315 shares of the company’s stock valued at $1,464,000 after purchasing an additional 3,504 shares in the last quarter. Franklin Resources Inc. increased its stake in Dollar General by 17.6% during the 3rd quarter. Franklin Resources Inc. now owns 69,173 shares of the company’s stock worth $5,517,000 after buying an additional 10,333 shares during the period. Finally, Birmingham Capital Management Co. Inc. AL acquired a new stake in Dollar General during the 3rd quarter worth approximately $263,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other 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 completion of the transaction, the executive vice president now owns 48,532 shares in the company, valued at $4,596,951.04. This trade represents a 1.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.49% of the stock is currently owned by company insiders.

Dollar General Stock Performance

NYSE:DG opened at $96.81 on Wednesday. The firm has a market cap of $21.29 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 2.18 and a beta of 0.40. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $147.87. The firm’s fifty day moving average price is $83.03 and its 200 day moving average price is $78.63.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) 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 business had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.26 billion. During the same period in the previous year, the business posted $1.83 earnings per share. The business’s revenue was up 4.5% compared to the same quarter last year. On average, sell-side analysts expect that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend was Tuesday, April 8th. Dollar General’s dividend payout ratio is presently 46.18%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Barclays cut their price objective on Dollar General from $102.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, January 9th. Gordon Haskett lowered Dollar General from a “hold” rating to a “reduce” rating in a research report on Wednesday, April 9th. The Goldman Sachs Group lowered their price objective on Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft reaffirmed 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. Finally, Melius upgraded shares of Dollar General from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $94.75.

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.