9,546 Shares in Dollar General Co. (NYSE:DG) Purchased by Simmons Bank

Simmons Bank bought a new stake in shares of Dollar General Co. (NYSE:DG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,546 shares of the company’s stock, valued at approximately $1,298,000.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Dollar General by 18.9% in the third quarter. Vanguard Group Inc. now owns 21,711,407 shares of the company’s stock worth $2,297,067,000 after acquiring an additional 3,457,393 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Dollar General by 98.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,106,653 shares of the company’s stock worth $222,884,000 after purchasing an additional 1,043,141 shares during the last quarter. Baupost Group LLC MA boosted its position in Dollar General by 283.1% during the third quarter. Baupost Group LLC MA now owns 927,000 shares of the company’s stock valued at $98,077,000 after purchasing an additional 685,000 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Dollar General by 78.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,426,318 shares of the company’s stock valued at $150,904,000 after purchasing an additional 627,844 shares during the last quarter. Finally, Equity Investment Corp boosted its position in shares of Dollar General by 744.8% in the 3rd quarter. Equity Investment Corp now owns 638,695 shares of the company’s stock worth $67,574,000 after purchasing an additional 563,095 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on DG shares. Argus increased their price target on Dollar General from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. BMO Capital Markets upped their price target on Dollar General from $130.00 to $160.00 and gave the stock a “market perform” rating in a report on Friday, March 15th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $170.00 target price on shares of Dollar General in a research note on Tuesday, April 2nd. Truist Financial raised their price target on shares of Dollar General from $125.00 to $140.00 and gave the stock a “hold” rating in a research note on Friday, March 15th. Finally, Wells Fargo & Company boosted their price target on shares of Dollar General from $125.00 to $155.00 and gave the company an “equal weight” rating in a research report on Friday, March 15th. Fifteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $153.08.

Dollar General Trading Up 2.8 %

Shares of DG stock traded up $3.78 on Tuesday, reaching $139.92. 2,594,424 shares of the stock were exchanged, compared to its average volume of 2,309,536. The stock has a 50 day moving average price of $149.93 and a 200 day moving average price of $137.15. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.19 and a quick ratio of 0.15. The stock has a market cap of $30.74 billion, a PE ratio of 18.51, a P/E/G ratio of 2.46 and a beta of 0.44. Dollar General Co. has a one year low of $101.09 and a one year high of $221.50.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, March 14th. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.74 by $0.09. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The company had revenue of $9.86 billion during the quarter, compared to analysts’ expectations of $9.77 billion. During the same quarter in the previous year, the company posted $2.96 EPS. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. Equities research analysts forecast that Dollar General Co. will post 7.28 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were paid a $0.59 dividend. The ex-dividend date of this dividend was Monday, April 8th. This represents a $2.36 annualized dividend and a yield of 1.69%. Dollar General’s payout ratio is currently 31.22%.

Insider Activity

In other news, EVP Carman R. Wenkoff sold 5,909 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of the sale, the executive vice president now owns 28,579 shares in the company, valued at $4,636,371.17. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total value of $468,561.48. Following the transaction, the director now directly owns 3,248 shares of the company’s stock, valued at $505,778.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Carman R. Wenkoff sold 5,909 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total value of $958,617.07. Following the transaction, the executive vice president now owns 28,579 shares in the company, valued at $4,636,371.17. The disclosure for this sale can be found here. 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.