13,510 Shares in Dollar General Co. (NYSE:DG) Acquired by Kazazian Asset Management LLC

Kazazian Asset Management LLC purchased a new position in shares of Dollar General Co. (NYSE:DG) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 13,510 shares of the company’s stock, valued at approximately $1,024,000. Dollar General comprises approximately 0.8% of Kazazian Asset Management LLC’s portfolio, making the stock its 27th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pzena Investment Management LLC lifted its holdings in Dollar General by 14.9% in the 4th quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company’s stock worth $892,199,000 after buying an additional 1,528,450 shares during the period. State Street Corp lifted its holdings in Dollar General by 8.3% in the 3rd quarter. State Street Corp now owns 9,958,704 shares of the company’s stock worth $842,208,000 after buying an additional 759,869 shares during the period. First Eagle Investment Management LLC purchased a new stake in Dollar General in the 4th quarter worth approximately $399,433,000. Geode Capital Management LLC lifted its holdings in 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 buying an additional 182,300 shares during the period. Finally, ACR Alpine Capital Research LLC lifted its stake in shares of Dollar General by 8,426.1% in the 4th quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company’s stock valued at $306,424,000 after purchasing an additional 3,994,070 shares during the period. 91.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DG shares. Barclays lowered their target price on Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, January 9th. The Goldman Sachs Group lowered their target price on Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Morgan Stanley lowered their target price on Dollar General from $100.00 to $80.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $80.00 target price (down previously from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. Finally, Wells Fargo & Company lowered their target price on Dollar General from $90.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $92.26.

Dollar General Stock Up 2.0 %

Dollar General stock opened at $81.44 on Wednesday. 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. The firm has a market cap of $17.91 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 2.18 and a beta of 0.44. The stock has a fifty day simple moving average of $73.92 and a two-hundred day simple moving average of $77.70.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, March 13th. The company reported $1.68 EPS 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 company had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.26 billion. During the same quarter in the previous year, the company posted $1.83 earnings per share. Dollar General’s revenue was up 4.5% compared to the same quarter last year. Equities analysts predict that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors 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 2.90%. The ex-dividend date is Tuesday, April 8th. Dollar General’s payout ratio is currently 46.18%.

Insider Buying and Selling

In related news, Director Michael M. Calbert sold 6,000 shares of Dollar General 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 transaction, the director now directly owns 120,322 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. 0.49% of the stock is currently owned by corporate 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.