Baader Bank Aktiengesellschaft bought a new position in Dollar General Corporation (NYSE:DG – Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,658 shares of the company’s stock, valued at approximately $671,000.
Several other hedge funds and other institutional investors have also bought and sold shares of DG. Calamos Advisors LLC raised its stake in Dollar General by 32.9% during the 4th quarter. Calamos Advisors LLC now owns 245,473 shares of the company’s stock worth $32,591,000 after acquiring an additional 60,746 shares during the period. Park Capital Management LLC WI bought a new stake in Dollar General during the fourth quarter worth approximately $1,245,000. Geode Capital Management LLC lifted its position in Dollar General by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 5,707,809 shares of the company’s stock worth $754,857,000 after buying an additional 42,936 shares during the last quarter. Norges Bank bought a new position in Dollar General during the 4th quarter valued at about $133,431,000. Finally, Pinebridge Investments LLC purchased a new stake in shares of Dollar General in the fourth quarter worth approximately $11,864,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.
Dollar General Price Performance
DG stock opened at $123.28 on Wednesday. The company has a quick ratio of 0.25, a current ratio of 1.17 and a debt-to-equity ratio of 0.52. Dollar General Corporation has a 52-week low of $95.11 and a 52-week high of $158.23. The stock has a market cap of $27.19 billion, a price-to-earnings ratio of 17.44, a price-to-earnings-growth ratio of 1.90 and a beta of 0.25. The business has a fifty day moving average of $112.67 and a two-hundred day moving average of $127.36.
Dollar General Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Tuesday, July 7th. Dollar General’s dividend payout ratio (DPR) is presently 33.38%.
Analyst Ratings Changes
Several research analysts recently commented on the stock. Loop Capital raised their price target on shares of Dollar General from $110.00 to $115.00 and gave the stock a “hold” rating in a research note on Wednesday, June 3rd. BMO Capital Markets lowered their price target on Dollar General from $135.00 to $120.00 and set a “market perform” rating for the company in a research report on Wednesday, June 3rd. Jefferies Financial Group reduced their target price on shares of Dollar General from $155.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, June 3rd. Truist Financial upped their target price on Dollar General from $109.00 to $114.00 and gave the stock a “hold” rating in a research note on Tuesday, June 2nd. Finally, Freedom Capital cut Dollar General from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. Ten analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Dollar General currently has a consensus rating of “Hold” and an average target price of $131.27.
View Our Latest Research Report on Dollar General
Dollar General Profile
Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.
Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.
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