Townsquare Capital LLC Raises Stock Position in Dollar General Co. (NYSE:DG)

Townsquare Capital LLC lifted its position in shares of Dollar General Co. (NYSE:DG) by 6.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,013 shares of the company’s stock after acquiring an additional 813 shares during the quarter. Townsquare Capital LLC’s holdings in Dollar General were worth $987,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in Dollar General during the fourth quarter worth $57,000. Eagle Rock Investment Company LLC boosted its position in shares of Dollar General by 16.3% in the 4th quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company’s stock worth $2,186,000 after buying an additional 4,048 shares in the last quarter. Leibman Financial Services Inc. acquired a new stake in Dollar General in the 4th quarter valued at about $2,018,000. DAVENPORT & Co LLC increased its holdings in Dollar General by 5,624.9% during the 4th quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company’s stock valued at $24,385,000 after acquiring an additional 316,005 shares in the last quarter. Finally, Matrix Asset Advisors Inc. NY acquired a new position in Dollar General during the fourth quarter worth about $6,158,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

DG has been the topic of several research reports. UBS Group lowered their price target on shares of Dollar General from $108.00 to $95.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Bank of America lowered their price target on shares of Dollar General from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, March 14th. Morgan Stanley reduced their price target on Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Citigroup raised Dollar General from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $69.00 to $101.00 in a research report on Monday, April 7th. Finally, Melius upgraded Dollar General from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $94.75.

Insider Transactions at Dollar General

In related news, EVP Emily C. Taylor sold 809 shares of Dollar General stock in a transaction on Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the sale, the executive vice president now owns 48,532 shares in the company, valued at approximately $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 accessible through this link. Corporate insiders own 0.49% of the company’s stock.

Dollar General Price Performance

DG stock opened at $93.15 on Friday. The firm has a market cap of $20.49 billion, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 2.18 and a beta of 0.40. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $147.87. The stock has a 50-day simple moving average of $81.73 and a 200-day simple moving average of $78.41.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.17. The company had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.83 earnings per share. On average, equities analysts predict that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be given a $0.59 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.53%. Dollar General’s payout ratio is currently 46.18%.

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.