RD Lewis Holdings Inc. Buys Shares of 3,839 Dollar General Co. (NYSE:DG)

RD Lewis Holdings Inc. bought a new stake in Dollar General Co. (NYSE:DG) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,839 shares of the company’s stock, valued at approximately $278,000.

A number of other large investors also recently modified their holdings of the business. Pzena Investment Management LLC increased its holdings in shares of Dollar General by 14.9% during the fourth quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company’s stock valued at $892,199,000 after purchasing an additional 1,528,450 shares during the period. State Street Corp increased its holdings in shares of Dollar General by 8.3% during the third quarter. State Street Corp now owns 9,958,704 shares of the company’s stock valued at $842,208,000 after purchasing an additional 759,869 shares during the period. First Eagle Investment Management LLC acquired a new position in Dollar General during the fourth quarter worth about $399,433,000. Geode Capital Management LLC grew its holdings in Dollar General by 3.6% during the third quarter. Geode Capital Management LLC now owns 5,243,012 shares of the company’s stock worth $441,899,000 after acquiring an additional 182,300 shares during the period. Finally, ACR Alpine Capital Research LLC grew its holdings in Dollar General by 8,426.1% during the fourth quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company’s stock worth $306,424,000 after acquiring an additional 3,994,070 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the completion of the transaction, the director now owns 120,322 shares of the company’s stock, valued at $9,056,636.94. This represents a 4.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. BMO Capital Markets lifted their target price on Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $80.00 target price (down from $90.00) on shares of Dollar General in a report on Monday, March 3rd. Barclays lowered their target price on Dollar General from $102.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, January 9th. Truist Financial lowered their target price on Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a report on Friday, December 6th. Finally, Wells Fargo & Company lowered their target price on Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Dollar General currently has a consensus rating of “Hold” and an average target price of $92.26.

Dollar General Price Performance

Shares of DG opened at $79.87 on Tuesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The stock has a 50 day simple moving average of $73.77 and a 200 day simple moving average of $77.71. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $164.12. The firm has a market capitalization of $17.56 billion, a PE ratio of 13.16, a P/E/G ratio of 2.18 and a beta of 0.44.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.17. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The business had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.26 billion. During the same period in the previous year, the firm earned $1.83 EPS. Dollar General’s quarterly revenue was up 4.5% compared to the same quarter last year. Sell-side analysts predict that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General’s dividend payout ratio (DPR) is currently 46.18%.

Dollar General 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.