Weiss Asset Management LP Makes New $543,000 Investment in Dollar General Co. (NYSE:DG)

Weiss Asset Management LP bought a new stake in shares of Dollar General Co. (NYSE:DGFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,994 shares of the company’s stock, valued at approximately $543,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. ORG Partners LLC lifted its position in shares of Dollar General by 13.2% during the fourth quarter. ORG Partners LLC now owns 754 shares of the company’s stock worth $103,000 after purchasing an additional 88 shares during the last quarter. Horrell Capital Management Inc. lifted its holdings in Dollar General by 0.3% during the 4th quarter. Horrell Capital Management Inc. now owns 29,224 shares of the company’s stock valued at $3,973,000 after buying an additional 94 shares in the last quarter. MV Capital Management Inc. boosted its position in Dollar General by 78.0% in the 4th quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock valued at $30,000 after buying an additional 96 shares during the period. Covestor Ltd increased its position in shares of Dollar General by 48.3% during the third quarter. Covestor Ltd now owns 304 shares of the company’s stock worth $33,000 after acquiring an additional 99 shares during the period. Finally, Czech National Bank raised its stake in shares of Dollar General by 0.3% during the fourth quarter. Czech National Bank now owns 38,439 shares of the company’s stock valued at $5,226,000 after acquiring an additional 102 shares in the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on DG shares. Raymond James lifted their price objective on Dollar General from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Argus lifted their price objective on shares of Dollar General from $160.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, March 28th. JPMorgan Chase & Co. upped their target price on Dollar General from $158.00 to $161.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. Telsey Advisory Group reiterated an “outperform” rating and issued a $170.00 price target on shares of Dollar General in a report on Friday, May 24th. Finally, Piper Sandler reissued a “neutral” rating and set a $147.00 price target (up from $127.00) on shares of Dollar General in a research report on Friday, March 15th. Fifteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Dollar General presently has an average rating of “Hold” and an average price target of $153.08.

Check Out Our Latest Report on DG

Dollar General Stock Performance

Shares of DG stock traded down $2.16 on Wednesday, hitting $140.11. The company had a trading volume of 2,534,415 shares, compared to its average volume of 2,304,794. The firm has a market cap of $30.78 billion, a P/E ratio of 18.86, a price-to-earnings-growth ratio of 2.87 and a beta of 0.44. Dollar General Co. has a twelve month low of $101.09 and a twelve month high of $204.67. The company has a 50-day moving average price of $146.27 and a 200-day moving average price of $139.54. The company has a quick ratio of 0.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.92.

Dollar General (NYSE:DGGet Free Report) last posted its earnings results on Thursday, March 14th. The company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.09. The firm had revenue of $9.86 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The company’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period last year, the firm earned $2.96 EPS. As a group, equities research analysts predict that Dollar General Co. will post 7.27 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were paid a dividend of $0.59 per share. The ex-dividend date was Monday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.68%. Dollar General’s dividend payout ratio is currently 31.22%.

Insiders Place Their Bets

In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total value of $958,617.07. Following the transaction, the executive vice president now owns 28,579 shares in the company, valued at approximately $4,636,371.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Carman R. Wenkoff sold 5,909 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total value of $958,617.07. Following the completion of the sale, the executive vice president now owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ralph Santana sold 3,009 shares of the firm’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the sale, the director now directly owns 3,248 shares of the company’s stock, valued at $505,778.56. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

About Dollar General

(Free Report)

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.

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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