Russell Investments Group Ltd. Grows Stock Position in Dollar General Co. (NYSE:DG)

Russell Investments Group Ltd. raised its holdings in Dollar General Co. (NYSE:DG) by 151.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,312,530 shares of the company’s stock after buying an additional 790,284 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.60% of Dollar General worth $99,516,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of DG. Envestnet Asset Management Inc. raised its stake in Dollar General by 157.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 755,715 shares of the company’s stock worth $57,298,000 after purchasing an additional 461,900 shares during the period. Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in Dollar General by 155.2% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 166,444 shares of the company’s stock valued at $12,620,000 after acquiring an additional 101,218 shares during the last quarter. Oarsman Capital Inc. grew its position in Dollar General by 19.7% during the fourth quarter. Oarsman Capital Inc. now owns 1,817 shares of the company’s stock valued at $138,000 after acquiring an additional 299 shares during the period. Resona Asset Management Co. Ltd. acquired a new stake in Dollar General during the fourth quarter worth about $4,827,000. Finally, Prudential PLC raised its holdings in shares of Dollar General by 20.2% in the 4th quarter. Prudential PLC now owns 10,993 shares of the company’s stock worth $833,000 after purchasing an additional 1,849 shares during the period. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Stock Performance

Shares of DG stock opened at $92.82 on Friday. 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 market capitalization of $20.41 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 2.18 and a beta of 0.40. Dollar General Co. has a one year low of $66.43 and a one year high of $159.52. The company’s 50-day simple moving average is $78.10 and its 200-day simple moving average is $78.08.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, topping 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 company had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.26 billion. During the same quarter last year, the firm earned $1.83 EPS. The business’s revenue was up 4.5% on a year-over-year basis. Equities analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm 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 $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General’s dividend payout ratio (DPR) is presently 46.18%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DG shares. Barclays dropped their target price on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, January 9th. Bank of America cut their target price on shares of Dollar General from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Piper Sandler upped their price target on shares of Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a research report on Friday, March 14th. Telsey Advisory Group reissued a “market perform” rating and issued a $85.00 price objective on shares of Dollar General in a research report on Thursday, March 13th. Finally, UBS Group reduced their price objective 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. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dollar General presently has an average rating of “Hold” and an average target price of $92.26.

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.