Intech Investment Management LLC Has $4.45 Million Position in Dollar General Co. (NYSE:DG)

Intech Investment Management LLC raised its stake in shares of Dollar General Co. (NYSE:DG) by 126.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,699 shares of the company’s stock after buying an additional 32,740 shares during the quarter. Intech Investment Management LLC’s holdings in Dollar General were worth $4,451,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. GSA Capital Partners LLP acquired a new position in shares of Dollar General in the 3rd quarter valued at approximately $212,000. Victory Capital Management Inc. grew its position in shares of Dollar General by 62.9% in the 3rd quarter. Victory Capital Management Inc. now owns 166,574 shares of the company’s stock valued at $14,087,000 after purchasing an additional 64,336 shares during the period. Oppenheimer & Co. Inc. grew its position in shares of Dollar General by 13.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 3,114 shares of the company’s stock valued at $263,000 after purchasing an additional 376 shares during the period. CIBC Asset Management Inc grew its position in shares of Dollar General by 6.3% in the 3rd quarter. CIBC Asset Management Inc now owns 34,078 shares of the company’s stock valued at $2,882,000 after purchasing an additional 2,029 shares during the period. Finally, Empowered Funds LLC boosted its position in Dollar General by 53.9% during the 3rd quarter. Empowered Funds LLC now owns 29,150 shares of the company’s stock worth $2,465,000 after acquiring an additional 10,213 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DG shares. Truist Financial reduced their price target on Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a research report on Friday, December 6th. Citigroup reduced their price target on Dollar General from $73.00 to $69.00 and set a “sell” rating for the company in a research report on Friday, March 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $80.00 price target (down previously from $90.00) on shares of Dollar General in a research report on Monday, March 3rd. The Goldman Sachs Group reduced their price target on Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Finally, Barclays reduced their price target on Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $92.26.

Dollar General Stock Up 2.0 %

DG 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. The stock has a market cap of $17.91 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44. The stock’s fifty day simple moving average is $73.92 and its 200 day simple moving average is $77.70. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $164.12.

Dollar General (NYSE:DG) last posted its quarterly earnings data 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. The firm had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.26 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.83 EPS. As a group, research analysts expect that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General’s dividend payout ratio (DPR) is currently 46.18%.

Insider Transactions at Dollar General

In related news, Director Michael M. Calbert sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the sale, the director now directly owns 120,322 shares of the company’s stock, valued at $9,056,636.94. This trade represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.49% of the stock is currently owned by insiders.

Dollar General 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.