Dollar General Co. (NYSE:DG) Shares Acquired by DnB Asset Management AS

DnB Asset Management AS raised its position in shares of Dollar General Co. (NYSE:DG) by 1.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 38,908 shares of the company’s stock after purchasing an additional 579 shares during the quarter. DnB Asset Management AS’s holdings in Dollar General were worth $2,950,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. D.A. Davidson & CO. increased its stake in Dollar General by 112.9% during the third quarter. D.A. Davidson & CO. now owns 5,394 shares of the company’s stock valued at $456,000 after purchasing an additional 2,861 shares during the last quarter. CreativeOne Wealth LLC raised its stake in Dollar General by 15.1% during the third quarter. CreativeOne Wealth LLC now owns 6,015 shares of the company’s stock worth $509,000 after acquiring an additional 789 shares during the period. Public Sector Pension Investment Board lifted its holdings in Dollar General by 14.3% in the third quarter. Public Sector Pension Investment Board now owns 9,601 shares of the company’s stock worth $812,000 after acquiring an additional 1,200 shares during the last quarter. Verition Fund Management LLC boosted its stake in Dollar General by 387.7% in the third quarter. Verition Fund Management LLC now owns 32,912 shares of the company’s stock valued at $2,783,000 after acquiring an additional 26,164 shares during the period. Finally, PDT Partners LLC bought a new position in shares of Dollar General during the third quarter valued at approximately $211,000. Institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

DG has been the subject of a number of analyst reports. The Goldman Sachs Group reduced their price objective on Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Bank of America lowered their price target on shares of Dollar General from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, March 14th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $80.00 price objective (down from $90.00) on shares of Dollar General in a research report on Monday, March 3rd. UBS Group decreased their target price on shares of Dollar General from $108.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Finally, BMO Capital Markets raised their price target on shares of Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $92.26.

Dollar General Trading Up 2.3 %

Dollar General stock opened at $88.05 on Tuesday. The firm has a market cap of $19.37 billion, a price-to-earnings ratio of 14.51, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $164.12. The firm’s 50 day moving average price is $76.51 and its two-hundred day moving average price is $77.86. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $10.26 billion. During the same period in the previous year, the firm posted $1.83 EPS. The company’s quarterly revenue was up 4.5% on a year-over-year basis. On average, research analysts predict that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date is Tuesday, April 8th. Dollar General’s dividend payout ratio is presently 46.18%.

Dollar General Company 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.