Skandinaviska Enskilda Banken AB publ Grows Stake in Dollar General Co. (NYSE:DG)

Skandinaviska Enskilda Banken AB publ increased its holdings in Dollar General Co. (NYSE:DG) by 89.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,162 shares of the company’s stock after buying an additional 39,288 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Dollar General were worth $6,295,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. SBI Securities Co. Ltd. purchased a new stake in shares of Dollar General in the 4th quarter worth $57,000. Eagle Rock Investment Company LLC increased its position in Dollar General by 16.3% in the fourth quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company’s stock worth $2,186,000 after buying an additional 4,048 shares in the last quarter. Leibman Financial Services Inc. purchased a new position in shares of Dollar General during the 4th quarter valued at about $2,018,000. Victory Capital Management Inc. boosted its position in shares of Dollar General by 62.9% in the third quarter. Victory Capital Management Inc. now owns 166,574 shares of the company’s stock worth $14,087,000 after purchasing an additional 64,336 shares during the period. Finally, DAVENPORT & Co LLC increased its stake in shares of Dollar General by 5,624.9% in the fourth quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company’s stock worth $24,385,000 after purchasing an additional 316,005 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Citigroup reduced their price objective on shares of Dollar General from $73.00 to $69.00 and set a “sell” rating for the company in a research note on Friday, March 7th. BMO Capital Markets increased their price objective on shares of Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Evercore ISI dropped their target price on shares of Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a research report on Tuesday, December 3rd. Truist Financial dropped their target price on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a research report on Friday, December 6th. Finally, Barclays decreased 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. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Dollar General currently has an average rating of “Hold” and an average price target of $92.26.

Insider Activity

In related news, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction on Tuesday, December 31st. The shares were 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 in the company, valued at $9,056,636.94. The trade was a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.49% of the company’s stock.

Dollar General Stock Performance

Shares of DG stock opened at $79.15 on Friday. The business’s fifty day simple moving average is $73.69 and its 200-day simple moving average is $78.06. The company has a market cap of $17.41 billion, a PE ratio of 13.04, a PEG ratio of 2.18 and a beta of 0.44. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $164.12.

Dollar General (NYSE:DG) last announced 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 firm had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.83 earnings per share. Analysts expect that Dollar General Co. will post 5.75 earnings per share for the current fiscal 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 dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date is Tuesday, April 8th. Dollar General’s dividend payout ratio (DPR) is presently 46.18%.

About Dollar General

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.