19,830 Shares in Dollar General Co. (NYSE:DG) Purchased by LGT Fund Management Co Ltd.

LGT Fund Management Co Ltd. acquired a new position in shares of Dollar General Co. (NYSE:DG) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 19,830 shares of the company’s stock, valued at approximately $1,504,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Metis Global Partners LLC increased its position in shares of Dollar General by 2.0% during the 3rd quarter. Metis Global Partners LLC now owns 7,042 shares of the company’s stock worth $596,000 after purchasing an additional 135 shares during the last quarter. Deseret Mutual Benefit Administrators increased its position in shares of Dollar General by 8.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company’s stock worth $143,000 after purchasing an additional 150 shares during the last quarter. Empirical Finance LLC grew its position in Dollar General by 2.0% in the 3rd quarter. Empirical Finance LLC now owns 7,768 shares of the company’s stock valued at $657,000 after acquiring an additional 153 shares in the last quarter. Bruce G. Allen Investments LLC grew its position in Dollar General by 20.3% in the 4th quarter. Bruce G. Allen Investments LLC now owns 953 shares of the company’s stock valued at $72,000 after acquiring an additional 161 shares in the last quarter. Finally, Peoples Bank KS grew its position in Dollar General by 19.1% in the 4th quarter. Peoples Bank KS now owns 1,435 shares of the company’s stock valued at $109,000 after acquiring an additional 230 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DG. BMO Capital Markets lifted their target price on Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Jefferies Financial Group dropped their target price on Dollar General from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Truist Financial dropped their target price on Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a research report on Friday, December 6th. Bernstein Bank dropped their target price on Dollar General from $98.00 to $94.00 in a research report on Friday, November 15th. Finally, HSBC dropped their target price on Dollar General from $100.00 to $88.00 and set a “hold” rating for the company in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $96.04.

Dollar General Price Performance

DG stock opened at $71.77 on Tuesday. The business has a 50 day moving average price of $73.25 and a 200 day moving average price of $80.63. The stock has a market cap of $15.78 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 2.18 and a beta of 0.43. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $168.07. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG) last released 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 firm had revenue of $10.18 billion for the quarter, compared to analyst estimates of $10.14 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the firm earned $1.26 EPS. Equities research analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend was Tuesday, January 7th. Dollar General’s dividend payout ratio (DPR) is 38.88%.

Insiders Place Their Bets

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

Dollar General Company 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.