APG Asset Management N.V. Makes New $8.84 Million Investment in Dollar General Co. (NYSE:DG)

APG Asset Management N.V. purchased a new position in shares of Dollar General Co. (NYSE:DG) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 120,700 shares of the company’s stock, valued at approximately $8,838,000.

A number of other institutional investors and hedge funds have also modified their holdings of DG. Nomura Asset Management Co. Ltd. grew its holdings in Dollar General by 5.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 64,316 shares of the company’s stock worth $5,439,000 after acquiring an additional 3,493 shares during the period. Geode Capital Management LLC lifted its stake in shares of Dollar General by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,243,012 shares of the company’s stock valued at $441,899,000 after purchasing an additional 182,300 shares during the period. TD Private Client Wealth LLC boosted its position in shares of Dollar General by 21.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 9,007 shares of the company’s stock worth $762,000 after purchasing an additional 1,598 shares during the last quarter. Anchor Investment Management LLC grew its stake in shares of Dollar General by 8.3% during the third quarter. Anchor Investment Management LLC now owns 17,414 shares of the company’s stock worth $1,473,000 after purchasing an additional 1,333 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in Dollar General in the third quarter valued at about $33,000. 91.77% of the stock is owned by institutional investors.

Dollar General Stock Performance

DG opened at $87.45 on Friday. The business’s 50-day simple moving average is $80.00 and its 200 day simple moving average is $78.21. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $156.25. 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 $19.23 billion, a PE ratio of 14.41, a PEG ratio of 2.18 and a beta of 0.40.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.17. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.26 billion. During the same quarter in the prior year, the business posted $1.83 EPS. The business’s revenue was up 4.5% compared to the same quarter last year. As a group, sell-side analysts expect that Dollar General Co. will post 5.75 earnings per share for the current fiscal 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 given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General’s dividend payout ratio (DPR) is presently 46.18%.

Analysts Set New Price Targets

DG has been the subject of several analyst reports. Barclays decreased their target price on Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, January 9th. Citigroup raised shares of Dollar General from a “sell” rating to a “neutral” rating and upped their target price for the company from $69.00 to $101.00 in a research note on Monday. Morgan Stanley reduced their price target on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $80.00 price objective (down previously from $90.00) on shares of Dollar General in a research report on Monday, March 3rd. Finally, Piper Sandler lifted their target price on Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $94.75.

Insider Activity

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the business’s stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $94.72, for a total transaction of $76,628.48. Following the transaction, the executive vice president now owns 48,532 shares of the company’s stock, valued at $4,596,951.04. The trade was a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.49% of the stock is owned by 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.