1,830 Shares in Dollar General Co. (NYSE:DG) Acquired by CoreFirst Bank & Trust

CoreFirst Bank & Trust purchased a new position in Dollar General Co. (NYSE:DG) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,830 shares of the company’s stock, valued at approximately $139,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DG. First Eagle Investment Management LLC acquired a new stake in Dollar General in the fourth quarter valued at $399,433,000. ACR Alpine Capital Research LLC raised its position in shares of Dollar General by 8,426.1% during the 4th 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 in the last quarter. Baupost Group LLC MA purchased a new stake in Dollar General during the third quarter worth approximately $194,832,000. Pzena Investment Management LLC boosted its holdings in Dollar General by 14.9% in 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 in the last quarter. Finally, State Street Corp increased its stake in Dollar General by 8.3% in 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 last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insider Buying and Selling at Dollar General

In related news, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction dated 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. The trade was a 4.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.49% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DG. Bank of America reduced their price objective 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. Truist Financial decreased their price objective on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $80.00 target price (down previously from $90.00) on shares of Dollar General in a research report on Monday, March 3rd. Gordon Haskett cut Dollar General from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Citigroup cut their price target on Dollar General from $73.00 to $69.00 and set a “sell” rating on the stock in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Dollar General presently has an average rating of “Hold” and a consensus price target of $92.26.

Dollar General Trading Down 0.6 %

NYSE:DG opened at $83.16 on Tuesday. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $164.12. 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 fifty day moving average price of $74.82 and a two-hundred day moving average price of $77.72. The stock has a market capitalization of $18.29 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 2.18 and a beta of 0.44.

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. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.26 billion. During the same quarter last year, the firm posted $1.83 EPS. The business’s revenue was up 4.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.84%. Dollar General’s payout ratio is 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.