Schechter Investment Advisors LLC Purchases New Position in Dollar General Co. (NYSE:DG)

Schechter Investment Advisors LLC purchased a new stake in Dollar General Co. (NYSE:DGFree Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,273 shares of the company’s stock, valued at approximately $309,000.

A number of other large investors have also recently modified their holdings of DG. D.A. Davidson & CO. boosted its holdings in shares of Dollar General by 21.6% in the first quarter. D.A. Davidson & CO. now owns 1,034 shares of the company’s stock valued at $230,000 after purchasing an additional 184 shares during the period. Dakota Wealth Management purchased a new stake in shares of Dollar General in the first quarter valued at approximately $474,000. Baird Financial Group Inc. boosted its holdings in shares of Dollar General by 26.3% in the first quarter. Baird Financial Group Inc. now owns 58,834 shares of the company’s stock valued at $13,098,000 after purchasing an additional 12,262 shares during the period. Covestor Ltd lifted its holdings in Dollar General by 156.4% during the first quarter. Covestor Ltd now owns 418 shares of the company’s stock worth $93,000 after buying an additional 255 shares during the period. Finally, Mackenzie Financial Corp lifted its holdings in Dollar General by 17.7% during the first quarter. Mackenzie Financial Corp now owns 71,629 shares of the company’s stock worth $15,947,000 after buying an additional 10,773 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

DG has been the subject of a number of analyst reports. JPMorgan Chase & Co. upgraded Dollar General from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $120.00 to $158.00 in a report on Tuesday, March 12th. Morgan Stanley upped their target price on Dollar General from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Barclays upgraded Dollar General from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $124.00 to $154.00 in a report on Thursday, January 4th. Telsey Advisory Group upgraded Dollar General from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $155.00 to $170.00 in a report on Friday, March 15th. Finally, Truist Financial upped their price target on Dollar General from $125.00 to $140.00 and gave the stock a “hold” rating in a research report on Friday, March 15th. Fifteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Dollar General has a consensus rating of “Hold” and a consensus price target of $153.04.

Check Out Our Latest Stock Analysis on DG

Dollar General Price Performance

NYSE DG opened at $156.06 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.19 and a quick ratio of 0.15. The stock’s fifty day moving average price is $143.73 and its 200 day moving average price is $129.72. Dollar General Co. has a 1 year low of $101.09 and a 1 year high of $222.99. The company has a market cap of $34.28 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 2.76 and a beta of 0.41.

Dollar General (NYSE:DGGet Free Report) last announced its quarterly earnings results on Thursday, March 14th. The company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.09. The company had revenue of $9.86 billion for the quarter, compared to the consensus estimate of $9.77 billion. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period last year, the firm earned $2.96 EPS. As a group, equities research analysts forecast that Dollar General Co. will post 7.28 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 1.51%. The ex-dividend date is Monday, April 8th. Dollar General’s dividend payout ratio is currently 31.22%.

Dollar General Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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