Guggenheim Capital LLC Has $3.19 Million Stock Position in Dollar General Co. (NYSE:DG)

Guggenheim Capital LLC raised its position in shares of Dollar General Co. (NYSE:DG) by 10.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 42,076 shares of the company’s stock after purchasing an additional 3,867 shares during the quarter. Guggenheim Capital LLC’s holdings in Dollar General were worth $3,190,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. acquired a new stake in shares of Dollar General during the fourth quarter worth $25,000. Wilmington Savings Fund Society FSB bought a new stake in Dollar General during the third quarter valued at $33,000. Providence First Trust Co acquired a new stake in Dollar General during the 4th quarter worth about $33,000. Bogart Wealth LLC lifted its stake in shares of Dollar General by 279.8% in the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock valued at $37,000 after purchasing an additional 361 shares during the period. Finally, OFI Invest Asset Management bought a new stake in shares of Dollar General during the 4th quarter valued at about $37,000. Institutional investors own 91.77% of the company’s stock.

Dollar General Trading Up 4.2 %

NYSE DG opened at $93.15 on Friday. The stock has a market capitalization of $20.49 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 2.18 and a beta of 0.40. The business’s fifty day moving average is $82.11 and its 200-day moving average is $78.45. 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 one year low of $66.43 and a one year high of $147.87.

Dollar General (NYSE:DG) last released its earnings results on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.17. The firm had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.26 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 4.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.83 earnings per share. Equities research analysts predict that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

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 given a dividend of $0.59 per share. The ex-dividend date is Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.53%. Dollar General’s dividend payout ratio is presently 46.18%.

Insider Transactions at Dollar General

In related news, EVP Emily C. Taylor sold 809 shares of the company’s stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the sale, the executive vice president now directly owns 48,532 shares in the company, valued at approximately $4,596,951.04. This represents a 1.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on DG shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $80.00 price target (down from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. The Goldman Sachs Group cut their target price on shares of Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Piper Sandler lifted their price target on shares of Dollar General from $79.00 to $81.00 and gave the company a “neutral” rating in a research note on Friday, March 14th. Citigroup upgraded Dollar General from a “sell” rating to a “neutral” rating and raised their target price for the company from $69.00 to $101.00 in a research note on Monday, April 7th. Finally, UBS Group dropped their price target on Dollar General from $108.00 to $95.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Dollar General has a consensus rating of “Hold” and a consensus target price of $94.75.

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.