Pictet Asset Management Holding SA Buys 11,992 Shares of Dollar General Co. (NYSE:DG)

Pictet Asset Management Holding SA increased its stake in Dollar General Co. (NYSE:DG) by 11.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 114,591 shares of the company’s stock after acquiring an additional 11,992 shares during the period. Pictet Asset Management Holding SA’s holdings in Dollar General were worth $8,688,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of DG. IMG Wealth Management Inc. purchased a new stake in shares of Dollar General during the fourth quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB purchased a new stake in Dollar General during the 3rd quarter valued at $33,000. Providence First Trust Co bought a new stake in Dollar General in the 4th quarter worth $33,000. Bogart Wealth LLC increased its position in shares of Dollar General by 279.8% in the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock valued at $37,000 after acquiring an additional 361 shares during the period. Finally, OFI Invest Asset Management bought a new position in shares of Dollar General during the fourth quarter valued at about $37,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. UBS Group cut their target price on Dollar General from $108.00 to $95.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Gordon Haskett cut Dollar General from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Barclays dropped their price target 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. Truist Financial reduced their price objective on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a research report on Friday, December 6th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $85.00 target price on shares of Dollar General in a research note on Thursday, March 13th. 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 company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $92.26.

Dollar General Trading Up 3.0 %

Shares of NYSE:DG opened at $90.19 on Thursday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $164.12. The company has a market cap of $19.84 billion, a P/E ratio of 14.86, a PEG ratio of 2.18 and a beta of 0.44. The stock’s fifty day moving average price is $77.22 and its 200-day moving average price is $77.97.

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

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.62%. Dollar General’s payout ratio is 46.18%.

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.