Stonegate Investment Group LLC Invests $465,000 in Dollar General Co. (NYSE:DG)

Stonegate Investment Group LLC purchased a new position in Dollar General Co. (NYSE:DGGet Rating) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,971 shares of the company’s stock, valued at approximately $465,000.

Other large investors also recently added to or reduced their stakes in the company. First Mercantile Trust Co. increased its holdings in Dollar General by 8.8% in the 3rd quarter. First Mercantile Trust Co. now owns 556 shares of the company’s stock worth $118,000 after buying an additional 45 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Dollar General by 3.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,565 shares of the company’s stock worth $369,000 after buying an additional 50 shares in the last quarter. Moors & Cabot Inc. increased its holdings in Dollar General by 1.3% in the 3rd quarter. Moors & Cabot Inc. now owns 4,069 shares of the company’s stock worth $859,000 after buying an additional 51 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in shares of Dollar General by 2.5% during the 4th quarter. Avantax Advisory Services Inc. now owns 2,154 shares of the company’s stock valued at $508,000 after purchasing an additional 53 shares during the period. Finally, First National Bank of Hutchinson grew its stake in shares of Dollar General by 3.2% during the 4th quarter. First National Bank of Hutchinson now owns 1,692 shares of the company’s stock valued at $399,000 after purchasing an additional 53 shares during the period. Institutional investors own 94.86% of the company’s stock.

In other Dollar General news, EVP Emily C. Taylor sold 10,016 shares of the business’s stock in a transaction that occurred on Thursday, March 24th. The stock was sold at an average price of $220.20, for a total transaction of $2,205,523.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Anita C. Elliott sold 7,502 shares of the business’s stock in a transaction that occurred on Wednesday, April 6th. The stock was sold at an average price of $235.70, for a total value of $1,768,221.40. Following the transaction, the chief accounting officer now owns 16,279 shares in the company, valued at approximately $3,836,960.30. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Shares of DG stock traded down $29.92 during mid-day trading on Wednesday, reaching $197.63. The stock had a trading volume of 58,253 shares, compared to its average volume of 1,736,112. The business’s fifty day moving average is $233.46 and its 200-day moving average is $222.57. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.67. The firm has a market cap of $45.22 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 1.76 and a beta of 0.52. Dollar General Co. has a 1-year low of $185.15 and a 1-year high of $262.20.

Dollar General (NYSE:DGGet Rating) last announced its quarterly earnings data on Thursday, March 17th. The company reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.01. The firm had revenue of $8.65 billion for the quarter, compared to the consensus estimate of $8.71 billion. Dollar General had a return on equity of 38.64% and a net margin of 7.01%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.62 earnings per share. On average, analysts forecast that Dollar General Co. will post 11.47 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 19th. Investors of record on Tuesday, April 5th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.11%. This is a boost from Dollar General’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, April 4th. Dollar General’s payout ratio is presently 21.65%.

A number of research analysts have recently weighed in on the company. StockNews.com assumed coverage on Dollar General in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Morgan Stanley cut Dollar General from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $250.00 to $225.00 in a research report on Tuesday, January 18th. Truist Financial lowered their price objective on Dollar General from $228.00 to $215.00 and set a “hold” rating on the stock in a research report on Friday, March 18th. Oppenheimer lowered their price target on Dollar General from $270.00 to $240.00 and set an “outperform” rating on the stock in a report on Tuesday, March 15th. Finally, Piper Sandler lowered their price target on Dollar General from $270.00 to $265.00 and set an “overweight” rating on the stock in a report on Friday, March 18th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Dollar General presently has an average rating of “Buy” and an average price target of $243.50.

About Dollar General (Get Rating)

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.

Featured Articles

Want to see what other hedge funds are holding DG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar General Co. (NYSE:DGGet Rating).

Institutional Ownership by Quarter for Dollar General (NYSE:DG)

Receive News & Ratings for Dollar General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General and related companies with MarketBeat.com's FREE daily email newsletter.