NEOS Investment Management LLC Increases Stock Position in Dollar General Co. (NYSE:DG)

NEOS Investment Management LLC increased its position in shares of Dollar General Co. (NYSE:DG) by 29.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,042 shares of the company’s stock after buying an additional 2,484 shares during the period. NEOS Investment Management LLC’s holdings in Dollar General were worth $837,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in DG. First Eagle Investment Management LLC acquired a new position in shares of Dollar General in the 4th quarter valued at approximately $399,433,000. ACR Alpine Capital Research LLC raised its holdings in Dollar General by 8,426.1% in the fourth quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company’s stock valued at $306,424,000 after acquiring an additional 3,994,070 shares in the last quarter. Pzena Investment Management LLC boosted its stake in Dollar General by 14.9% during the 4th quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company’s stock valued at $892,199,000 after acquiring an additional 1,528,450 shares during the last quarter. State Street Corp grew its holdings in Dollar General by 8.3% during the 3rd quarter. State Street Corp now owns 9,958,704 shares of the company’s stock worth $842,208,000 after acquiring an additional 759,869 shares in the last quarter. Finally, Erste Asset Management GmbH bought a new stake in shares of Dollar General in the 4th quarter worth about $49,198,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Down 1.7 %

Shares of Dollar General stock opened at $86.03 on Monday. 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 $164.12. The business’s fifty day moving average price is $76.12 and its two-hundred day moving average price is $77.83. The company has a market capitalization of $18.92 billion, a P/E ratio of 14.17, a PEG ratio of 2.18 and a beta of 0.44.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.17. The business had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company’s revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.83 earnings per share. As a group, research analysts forecast that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General’s dividend payout ratio (DPR) is presently 46.18%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Gordon Haskett cut shares of Dollar General from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Morgan Stanley decreased their target price on Dollar General from $100.00 to $80.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Wells Fargo & Company dropped their price target on Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 5th. Truist Financial decreased their price objective on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a report on Friday, December 6th. Finally, Bank of America dropped their target price on shares of Dollar General from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, March 14th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $92.26.

Insider Activity at Dollar General

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the completion of the transaction, the director now directly owns 120,322 shares of the company’s stock, valued at approximately $9,056,636.94. This trade represents a 4.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.49% of the company’s stock.

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.