E. Ohman J or Asset Management AB Acquires 2,100 Shares of Dollar General Co. (NYSE:DG)

E. Ohman J or Asset Management AB raised its holdings in Dollar General Co. (NYSE:DG) by 23.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,200 shares of the company’s stock after buying an additional 2,100 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Dollar General were worth $849,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of DG. Wilmington Savings Fund Society FSB bought a new stake in Dollar General in the 3rd quarter valued at $33,000. ORG Wealth Partners LLC bought a new stake in Dollar General in the 3rd quarter valued at $57,000. Bruce G. Allen Investments LLC increased its holdings in Dollar General by 37.7% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 792 shares of the company’s stock valued at $67,000 after buying an additional 217 shares during the period. Studio Investment Management LLC increased its holdings in Dollar General by 200.4% in the 3rd quarter. Studio Investment Management LLC now owns 850 shares of the company’s stock valued at $72,000 after buying an additional 567 shares during the period. Finally, Peoples Bank KS increased its holdings in Dollar General by 19.1% in the 4th quarter. Peoples Bank KS now owns 1,435 shares of the company’s stock valued at $109,000 after buying an additional 230 shares during the period. Institutional investors own 91.77% of the company’s stock.

Insider Buying and Selling

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

Dollar General Stock Performance

Dollar General stock opened at $72.83 on Thursday. 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 1 year low of $66.43 and a 1 year high of $168.07. The company has a market cap of $16.02 billion, a PE ratio of 12.00, a PEG ratio of 2.11 and a beta of 0.43. The company’s 50-day moving average is $74.55 and its two-hundred day moving average is $86.65.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). The company had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company earned $1.26 earnings per share. Equities analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were paid a $0.59 dividend. The ex-dividend date was Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.24%. Dollar General’s dividend payout ratio (DPR) is presently 38.88%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DG. Gordon Haskett downgraded shares of Dollar General from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Bank of America upgraded shares of Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 target price on the stock in a research note on Friday, December 6th. Bernstein Bank reduced their target price on shares of Dollar General from $98.00 to $94.00 in a research note on Friday, November 15th. JPMorgan Chase & Co. reduced their target price on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group reduced their target price on shares of Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $96.77.

Dollar General Company 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.