Siemens Fonds Invest GmbH Grows Stock Position in Dollar General Co. (NYSE:DG)

Siemens Fonds Invest GmbH boosted its stake in shares of Dollar General Co. (NYSE:DG) by 390.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,429 shares of the company’s stock after purchasing an additional 9,897 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Dollar General were worth $942,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of DG. Vanguard Group Inc. grew its stake in shares of Dollar General by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 25,231,285 shares of the company’s stock worth $1,913,036,000 after purchasing an additional 160,853 shares in the last quarter. Pzena Investment Management LLC boosted its position in shares of Dollar General by 14.9% during the 4th quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company’s stock worth $892,199,000 after acquiring an additional 1,528,450 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Dollar General by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 5,361,216 shares of the company’s stock valued at $405,425,000 after acquiring an additional 118,204 shares during the last quarter. First Eagle Investment Management LLC acquired a new stake in shares of Dollar General during the 4th quarter worth about $399,433,000. Finally, ACR Alpine Capital Research LLC lifted its stake in Dollar General by 8,426.1% during the fourth quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company’s stock worth $306,424,000 after purchasing an additional 3,994,070 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Trading Up 0.6%

NYSE DG opened at $93.55 on Friday. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $20.58 billion, a P/E ratio of 15.41, a P/E/G ratio of 2.18 and a beta of 0.27. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $147.79. The firm has a 50-day moving average price of $88.81 and a 200 day moving average price of $79.96.

Dollar General (NYSE:DG) last issued its 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 return on equity of 18.85% and a net margin of 3.33%. The business had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.26 billion. During the same period in the prior year, the business posted $1.83 EPS. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. Equities research analysts expect that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders 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 2.52%. Dollar General’s dividend payout ratio is presently 46.18%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DG. Guggenheim raised their price objective on shares of Dollar General from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $80.00 price target (down from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. Citigroup upgraded shares of Dollar General from a “sell” rating to a “neutral” rating and upped their price objective for the company from $69.00 to $101.00 in a research note on Monday, April 7th. Melius raised Dollar General from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a report on Tuesday, April 8th. Finally, Truist Financial boosted their target price on Dollar General from $76.00 to $93.00 and gave the company a “hold” rating in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Dollar General currently has a consensus rating of “Hold” and an average price target of $95.16.

Insider Activity at Dollar General

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 transaction of $76,628.48. Following the completion of the transaction, the executive vice president now directly owns 48,532 shares of the company’s stock, valued at approximately $4,596,951.04. The trade was a 1.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company 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.