Machina Capital S.A.S. Boosts Stake in Dollar General Co. (NYSE:DG)

Machina Capital S.A.S. raised its position in Dollar General Co. (NYSE:DG) by 385.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,076 shares of the company’s stock after purchasing an additional 10,382 shares during the quarter. Machina Capital S.A.S.’s holdings in Dollar General were worth $991,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Janney Montgomery Scott LLC grew its stake in Dollar General by 36.0% during the third quarter. Janney Montgomery Scott LLC now owns 79,764 shares of the company’s stock worth $6,746,000 after buying an additional 21,128 shares during the period. Van ECK Associates Corp boosted its position in Dollar General by 1.5% during the 3rd quarter. Van ECK Associates Corp now owns 22,353 shares of the company’s stock worth $1,811,000 after purchasing an additional 333 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in Dollar General by 28.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 21,295 shares of the company’s stock worth $1,801,000 after purchasing an additional 4,661 shares during the period. Asset Management One Co. Ltd. increased its holdings in Dollar General by 0.7% in the 3rd quarter. Asset Management One Co. Ltd. now owns 81,870 shares of the company’s stock valued at $6,924,000 after purchasing an additional 557 shares in the last quarter. Finally, Concurrent Investment Advisors LLC raised its position in Dollar General by 50.8% in the third quarter. Concurrent Investment Advisors LLC now owns 4,397 shares of the company’s stock valued at $372,000 after purchasing an additional 1,482 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Stock Performance

Dollar General stock opened at $81.87 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $168.07. The company has a fifty day moving average price of $73.33 and a two-hundred day moving average price of $79.92. The company has a market cap of $18.01 billion, a PE ratio of 13.49, a P/E/G ratio of 2.18 and a beta of 0.44.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DG. Bank of America upgraded Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 target price for the company in a research note on Friday, December 6th. Evercore ISI lowered their price objective on shares of 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. Truist Financial reduced their target price on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a research report on Friday, December 6th. The Goldman Sachs Group lowered their price target on shares of Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Finally, Bernstein Bank cut their price objective on shares of Dollar General from $98.00 to $94.00 in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $95.09.

Insiders Place Their Bets

In related news, EVP Emily C. Taylor sold 4,740 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the sale, the executive vice president now owns 15,575 shares of the company’s stock, valued at $1,206,128. This trade represents a 23.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the transaction, the director now directly owns 120,322 shares of the company’s stock, valued at $9,056,636.94. The trade was a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

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.