Bellecapital International Ltd. Has $1.13 Million Position in Dollar General Co. (NYSE:DG)

Bellecapital International Ltd. grew its holdings in Dollar General Co. (NYSE:DGFree Report) by 69.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,322 shares of the company’s stock after acquiring an additional 3,410 shares during the quarter. Bellecapital International Ltd.’s holdings in Dollar General were worth $1,131,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DG. Pinnacle Associates Ltd. lifted its position in Dollar General by 492.5% during the fourth quarter. Pinnacle Associates Ltd. now owns 17,012 shares of the company’s stock worth $2,313,000 after purchasing an additional 14,141 shares during the period. Nexus Investment Management ULC lifted its position in Dollar General by 7.7% during the fourth quarter. Nexus Investment Management ULC now owns 173,520 shares of the company’s stock worth $23,590,000 after purchasing an additional 12,440 shares during the period. Financial Enhancement Group LLC lifted its position in Dollar General by 11.6% during the fourth quarter. Financial Enhancement Group LLC now owns 5,954 shares of the company’s stock worth $817,000 after purchasing an additional 618 shares during the period. McGlone Suttner Wealth Management Inc. bought a new stake in Dollar General during the fourth quarter worth about $25,000. Finally, Great Lakes Retirement Inc. lifted its position in Dollar General by 5.5% during the fourth quarter. Great Lakes Retirement Inc. now owns 5,080 shares of the company’s stock worth $691,000 after purchasing an additional 266 shares during the period. Institutional investors own 91.77% of the company’s stock.

Dollar General Stock Performance

Shares of DG stock opened at $156.06 on Monday. The company has a market cap of $34.28 billion, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of 2.79 and a beta of 0.42. Dollar General Co. has a 52 week low of $101.09 and a 52 week high of $222.99. The company has a quick ratio of 0.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.92. The firm has a 50 day moving average of $144.21 and a 200-day moving average of $129.96.

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

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Monday, April 8th. Dollar General’s dividend payout ratio is currently 31.22%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Truist Financial increased their target price on shares of Dollar General from $125.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, March 15th. Telsey Advisory Group raised shares of Dollar General from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $155.00 to $170.00 in a report on Friday, March 15th. Evercore ISI increased their target price on shares of Dollar General from $158.00 to $162.00 and gave the stock an “in-line” rating in a report on Tuesday, March 26th. Piper Sandler reissued a “neutral” rating and issued a $147.00 target price (up previously from $127.00) on shares of Dollar General in a report on Friday, March 15th. Finally, Argus increased their target price on shares of Dollar General from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday. Fifteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Dollar General currently has a consensus rating of “Hold” and an average target price of $153.04.

Read Our Latest Analysis on DG

About Dollar General

(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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