ExodusPoint Capital Management LP Increases Holdings in Dollar General Co. (NYSE:DG)

ExodusPoint Capital Management LP increased its stake in Dollar General Co. (NYSE:DG) by 211.2% in the 4th quarter, HoldingsChannel reports. The fund owned 230,831 shares of the company’s stock after acquiring an additional 156,652 shares during the period. ExodusPoint Capital Management LP’s holdings in Dollar General were worth $17,502,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DG. Massachusetts Financial Services Co. MA bought a new position in Dollar General during the fourth quarter valued at $606,000. Groupama Asset Managment boosted its stake in shares of Dollar General by 104.7% during the 4th quarter. Groupama Asset Managment now owns 18,857 shares of the company’s stock worth $1,427,000 after purchasing an additional 9,644 shares during the period. Trexquant Investment LP grew its holdings in Dollar General by 42.2% during the 4th quarter. Trexquant Investment LP now owns 397,679 shares of the company’s stock valued at $30,152,000 after purchasing an additional 117,986 shares during the last quarter. Geode Capital Management LLC raised its position in Dollar General by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 5,361,216 shares of the company’s stock worth $405,425,000 after purchasing an additional 118,204 shares during the period. Finally, HighPoint Advisor Group LLC bought a new stake in Dollar General in the fourth quarter worth about $252,000. 91.77% of the stock is owned by institutional investors.

Dollar General Stock Performance

Shares of DG stock opened at $94.45 on Friday. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $164.12. The business’s fifty day simple moving average is $77.68 and its 200-day simple moving average is $78.08. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The company has a market cap of $20.77 billion, a PE ratio of 15.56, a PEG ratio of 2.18 and a beta of 0.40.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, topping the consensus estimate 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 quarter last year, the company earned $1.83 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. Analysts expect that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.50%. Dollar General’s payout ratio is 46.18%.

Analysts Set New Price Targets

DG has been the topic of several recent analyst reports. Wells Fargo & Company reduced their price target on Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, December 5th. BMO Capital Markets increased their target price on Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Telsey Advisory Group reissued a “market perform” rating and set a $85.00 target price on shares of Dollar General in a research note on Thursday, March 13th. Barclays reduced their price target on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, January 9th. Finally, Gordon Haskett cut shares of Dollar General from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Dollar General presently has a consensus rating of “Hold” and a consensus target price of $92.26.

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.