Sequoia Financial Advisors LLC Purchases 2,808 Shares of Dollar General Co. (NYSE:DG)

Sequoia Financial Advisors LLC increased its position in Dollar General Co. (NYSE:DG) by 105.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,459 shares of the company’s stock after buying an additional 2,808 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Dollar General were worth $414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of DG. Pzena Investment Management LLC lifted its holdings in shares of 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 acquiring an additional 1,528,450 shares during the last quarter. State Street Corp lifted its stake in Dollar General by 8.3% in the third quarter. State Street Corp now owns 9,958,704 shares of the company’s stock worth $842,208,000 after purchasing an additional 759,869 shares during the last quarter. Geode Capital Management LLC boosted its position in Dollar General by 3.6% during the third quarter. Geode Capital Management LLC now owns 5,243,012 shares of the company’s stock valued at $441,899,000 after buying an additional 182,300 shares during the period. ACR Alpine Capital Research LLC increased its holdings in shares of Dollar General by 8,426.1% in the fourth quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company’s stock worth $306,424,000 after buying an additional 3,994,070 shares during the period. Finally, Baupost Group LLC MA purchased a new position in shares of Dollar General in the third quarter worth about $194,832,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Stock Up 2.0 %

DG stock opened at $81.44 on Wednesday. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The business has a 50 day moving average of $73.92 and a 200 day moving average of $77.70. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $164.12. The firm 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.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.17. The firm had revenue of $10.30 billion during the quarter, compared to the consensus estimate 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 last year, the company earned $1.83 earnings per share. On average, research analysts forecast that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General’s payout ratio is 46.18%.

Analyst Upgrades and Downgrades

DG has been the topic of several recent research reports. Bank of America reduced their price target on Dollar General from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. Evercore ISI decreased their target price on shares of Dollar General from $97.00 to $95.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 3rd. Telsey Advisory Group reissued a “market perform” rating and set a $85.00 price target on shares of Dollar General in a research report on Thursday, March 13th. Piper Sandler boosted their price objective on shares of Dollar General from $79.00 to $81.00 and gave the company a “neutral” rating in a research report on Friday, March 14th. Finally, Gordon Haskett lowered shares of Dollar General from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dollar General has an average rating of “Hold” and a consensus price target of $92.26.

Insider Activity at Dollar General

In related news, Director Michael M. Calbert sold 6,000 shares of the 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 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 at the SEC website. 0.49% of the stock is owned by insiders.

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.