Matrix Asset Advisors Inc. NY Takes $6.16 Million Position in Dollar General Co. (NYSE:DG)

Matrix Asset Advisors Inc. NY acquired a new stake in Dollar General Co. (NYSE:DG) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 81,217 shares of the company’s stock, valued at approximately $6,158,000.

Several other hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Dollar General during the third quarter valued at approximately $33,000. Quarry LP acquired a new position in Dollar General during the 2nd quarter worth $46,000. Pathway Financial Advisers LLC grew its stake in shares of Dollar General by 30.6% in the second quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock worth $50,000 after purchasing an additional 88 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in shares of Dollar General during the third quarter valued at $57,000. Finally, Bruce G. Allen Investments LLC raised its stake in shares of Dollar General by 37.7% during the third quarter. Bruce G. Allen Investments LLC now owns 792 shares of the company’s stock valued at $67,000 after purchasing an additional 217 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Dollar General Price Performance

NYSE:DG opened at $73.24 on Tuesday. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The firm has a market cap of $16.11 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 2.11 and a beta of 0.44. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $168.07. The company’s 50-day moving average price is $75.00 and its two-hundred day moving average price is $89.34.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.08). The business had revenue of $10.18 billion during the quarter, compared to analyst estimates of $10.14 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.26 earnings per share. On average, equities analysts anticipate that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Tuesday, January 7th. Dollar General’s payout ratio is presently 38.88%.

Insiders Place Their Bets

In related news, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total value of $451,620.00. Following the completion of the transaction, the director now 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 document filed with the SEC, which is available at the SEC website. Also, EVP Emily C. Taylor sold 4,740 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the completion of the transaction, the executive vice president now owns 15,575 shares in the company, valued at $1,206,128. The trade was a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

DG has been the topic of several research analyst reports. Bank of America raised shares of Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 target price on the stock in a research note on Friday, December 6th. Bernstein Bank decreased their price target on Dollar General from $98.00 to $94.00 in a research note on Friday, November 15th. JPMorgan Chase & Co. dropped their price objective on Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Truist Financial decreased their target price on Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a research note on Friday, December 6th. Finally, Gordon Haskett upgraded shares of Dollar General from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Dollar General currently has an average rating of “Hold” and a consensus target price of $96.77.

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.