Wilmington Savings Fund Society FSB Acquires 342 Shares of Dollar General Co. (NYSE:DG)

Wilmington Savings Fund Society FSB grew its position in Dollar General Co. (NYSE:DG) by 87.2% during the fourth quarter, HoldingsChannel reports. The firm owned 734 shares of the company’s stock after buying an additional 342 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Dollar General were worth $56,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Pzena Investment Management LLC raised its position in shares of Dollar General by 453.4% during the third quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock valued at $865,903,000 after buying an additional 8,388,735 shares during the last quarter. State Street Corp lifted its holdings in shares of Dollar General by 8.3% during the 3rd quarter. State Street Corp now owns 9,958,704 shares of the company’s stock worth $842,208,000 after acquiring an additional 759,869 shares during the period. Geode Capital Management LLC boosted its position in shares of Dollar General by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 5,243,012 shares of the company’s stock valued at $441,899,000 after acquiring an additional 182,300 shares in the last quarter. Baupost Group LLC MA bought a new stake in Dollar General in the third quarter valued at about $194,832,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Dollar General by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,434,960 shares of the company’s stock valued at $121,355,000 after acquiring an additional 31,200 shares during the period. Institutional investors own 91.77% of the company’s stock.

Dollar General Price Performance

Dollar General stock opened at $72.87 on Friday. The business’s 50-day simple moving average is $74.03 and its 200 day simple moving average is $84.94. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The stock has a market cap of $16.03 billion, a price-to-earnings ratio of 12.00, a P/E/G ratio of 2.08 and a beta of 0.43. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $168.07.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.08). The business had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the business posted $1.26 EPS. As a group, research analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date was Tuesday, January 7th. Dollar General’s dividend payout ratio (DPR) is currently 38.88%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DG. Morgan Stanley decreased their price objective on Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Barclays dropped their price objective on Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, January 9th. Telsey Advisory Group reduced their target price on shares of Dollar General from $103.00 to $90.00 and set a “market perform” rating on the stock in a research note on Monday, December 2nd. Truist Financial dropped their target price on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a research report on Friday, December 6th. Finally, Bank of America upgraded shares of Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price target on the stock in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $96.77.

Insider Transactions at Dollar General

In related news, Director Michael M. Calbert sold 6,000 shares of the 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 sale, the director now directly owns 120,322 shares in the company, valued at $9,056,636.94. This trade represents a 4.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Emily C. Taylor sold 4,740 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $77.44, for a total transaction 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. This represents a 23.33 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

About Dollar General

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.