8,811 Shares in Dollar General Co. (NYSE:DG) Acquired by Oak Thistle LLC

Oak Thistle LLC purchased a new stake in Dollar General Co. (NYSE:DG) during the 4th quarter, HoldingsChannel reports. The fund purchased 8,811 shares of the company’s stock, valued at approximately $668,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Pzena Investment Management LLC raised its holdings in shares of Dollar General by 453.4% during the 3rd quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock valued at $865,903,000 after buying an additional 8,388,735 shares in the last quarter. State Street Corp raised its holdings in shares of Dollar General by 8.3% during the third quarter. State Street Corp now owns 9,958,704 shares of the company’s stock valued at $842,208,000 after acquiring an additional 759,869 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Dollar General by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,243,012 shares of the company’s stock worth $441,899,000 after purchasing an additional 182,300 shares during the period. Baupost Group LLC MA purchased a new stake in Dollar General in the third quarter worth about $194,832,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Dollar General by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,434,960 shares of the company’s stock valued at $121,355,000 after purchasing an additional 31,200 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DG has been the topic of several research reports. HSBC dropped their price objective on shares of Dollar General from $100.00 to $88.00 and set a “hold” rating on the stock in a research note on Friday, November 15th. Evercore ISI dropped their price objective on Dollar General from $97.00 to $95.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 3rd. Truist Financial cut 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. Telsey Advisory Group reduced their price target on shares of Dollar General from $103.00 to $90.00 and set a “market perform” rating for the company in a research report on Monday, December 2nd. Finally, Citigroup lowered Dollar General from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $91.00 to $73.00 in a research note on Friday, September 27th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Dollar General currently has an average rating of “Hold” and an average price target of $98.18.

Dollar General Trading Down 1.2 %

Shares of DG stock opened at $68.56 on Thursday. The stock has a market capitalization of $15.08 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 2.29 and a beta of 0.44. Dollar General Co. has a 12-month low of $68.52 and a 12-month high of $168.07. The stock’s 50-day moving average price is $76.06 and its 200-day moving average price is $92.61. 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 (NYSE:DG) last announced its earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.08). The business had revenue of $10.18 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.26 earnings per share. Equities research analysts predict that Dollar General Co. will post 5.76 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, January 7th. This represents a $2.36 annualized dividend and a dividend yield of 3.44%. Dollar General’s dividend payout ratio (DPR) is presently 38.88%.

Insiders Place Their Bets

In other news, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total value of $451,620.00. Following the completion of the sale, the director now owns 120,322 shares in the company, valued at approximately $9,056,636.94. The trade was a 4.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Emily C. Taylor sold 4,740 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $77.44, for a total transaction of $367,065.60. Following the completion of the transaction, the executive vice president now directly owns 15,575 shares of the company’s stock, valued at $1,206,128. This trade represents a 23.33 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

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.