Intact Investment Management Inc. Purchases New Shares in Dollar General Co. (NYSE:DG)

Intact Investment Management Inc. purchased a new stake in shares of Dollar General Co. (NYSE:DG) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 2,000 shares of the company’s stock, valued at approximately $421,000.

A number of other large investors have also added to or reduced their stakes in DG. First Manhattan Co. boosted its stake in Dollar General by 447.4% during the 4th quarter. First Manhattan Co. now owns 104 shares of the company’s stock valued at $26,000 after acquiring an additional 85 shares during the last quarter. Financial Freedom LLC bought a new position in Dollar General during the 4th quarter valued at $26,000. Atlas Capital Advisors LLC bought a new position in shares of Dollar General in the 2nd quarter worth about $32,000. SouthState Corp bought a new position in shares of Dollar General in the 4th quarter worth about $37,000. Finally, Focused Wealth Management Inc lifted its position in shares of Dollar General by 129.9% in the 1st quarter. Focused Wealth Management Inc now owns 177 shares of the company’s stock worth $37,000 after buying an additional 100 shares during the last quarter. 90.37% of the stock is owned by institutional investors and hedge funds.

Dollar General Stock Performance

Shares of DG opened at $127.20 on Monday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.39 and a quick ratio of 0.12. The stock has a market cap of $27.92 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 2.18 and a beta of 0.30. The company has a 50-day moving average of $159.94 and a two-hundred day moving average of $187.23. Dollar General Co. has a one year low of $123.31 and a one year high of $261.59.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, August 31st. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.47 by ($0.34). The company had revenue of $9.80 billion for the quarter, compared to analyst estimates of $9.93 billion. Dollar General had a return on equity of 36.34% and a net margin of 5.59%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.98 earnings per share. On average, equities research analysts expect that Dollar General Co. will post 7.82 earnings per share for the current year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Friday, October 6th. Dollar General’s dividend payout ratio (DPR) is presently 24.18%.

Analyst Upgrades and Downgrades

DG has been the topic of a number of recent research reports. OTR Global upgraded shares of Dollar General to a “positive” rating in a research report on Friday, May 26th. The Goldman Sachs Group dropped their price objective on shares of Dollar General from $216.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, September 1st. UBS Group dropped their price objective on shares of Dollar General from $200.00 to $181.00 in a report on Friday, September 1st. Citigroup dropped their price objective on shares of Dollar General from $185.00 to $146.00 in a report on Friday, September 1st. Finally, Piper Sandler dropped their price objective on shares of Dollar General from $178.00 to $144.00 and set a “neutral” rating on the stock in a report on Friday, September 1st. Seventeen analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $159.41.

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.