Stevens Capital Management LP Takes Position in Dollar General Co. (NYSE:DG)

Stevens Capital Management LP purchased a new position in shares of Dollar General Co. (NYSE:DG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,365 shares of the company’s stock, valued at approximately $483,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of DG. First Eagle Investment Management LLC bought a new stake in shares of Dollar General during the 4th quarter worth approximately $399,433,000. ACR Alpine Capital Research LLC lifted its stake in shares of Dollar General by 8,426.1% during the 4th quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company’s stock worth $306,424,000 after acquiring an additional 3,994,070 shares during the last quarter. Baupost Group LLC MA bought a new stake in shares of Dollar General during the 3rd quarter worth approximately $194,832,000. Pzena Investment Management LLC lifted its stake in shares of Dollar General by 14.9% during the 4th quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company’s stock worth $892,199,000 after acquiring an additional 1,528,450 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Dollar General by 8.3% during the 3rd quarter. State Street Corp now owns 9,958,704 shares of the company’s stock worth $842,208,000 after acquiring an additional 759,869 shares during the last quarter. 91.77% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Michael M. Calbert sold 6,000 shares of the company’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 owns 120,322 shares in the company, valued at $9,056,636.94. This represents a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.49% of the company’s stock.

Dollar General Stock Up 2.7 %

Shares of DG stock opened at $83.84 on Monday. The stock’s 50-day simple moving average is $74.58 and its 200-day simple moving average is $77.70. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The firm has a market capitalization of $18.44 billion, a PE ratio of 13.81, a P/E/G ratio of 2.18 and a beta of 0.44. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week 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 business had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.26 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.83 earnings per share. Equities analysts expect that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The company 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 $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date is Tuesday, April 8th. Dollar General’s dividend payout ratio is presently 46.18%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Morgan Stanley decreased their target price on Dollar General from $100.00 to $80.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Evercore ISI decreased their target price on 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. UBS Group decreased their target price on Dollar General from $108.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Wells Fargo & Company decreased their target price on Dollar General from $90.00 to $80.00 and set an “equal weight” rating for the company in a research report on Thursday, December 5th. Finally, Piper Sandler lifted their target price on Dollar General from $79.00 to $81.00 and gave the company a “neutral” rating in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $92.26.

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.