Banque Pictet & Cie SA Purchases 42,628 Shares of Dollar General Co. (NYSE:DG)

Banque Pictet & Cie SA boosted its holdings in Dollar General Co. (NYSE:DG) by 51.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 125,217 shares of the company’s stock after buying an additional 42,628 shares during the period. Banque Pictet & Cie SA owned approximately 0.06% of Dollar General worth $9,494,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Wilmington Savings Fund Society FSB acquired a new stake in shares of Dollar General during the 3rd quarter worth approximately $33,000. Bogart Wealth LLC increased its holdings in Dollar General by 279.8% in the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock valued at $37,000 after buying an additional 361 shares during the period. Newbridge Financial Services Group Inc. bought a new stake in Dollar General in the 4th quarter valued at $39,000. Kentucky Trust Co bought a new position in shares of Dollar General during the 4th quarter worth about $48,000. Finally, Studio Investment Management LLC increased its stake in Dollar General by 200.4% in the third quarter. Studio Investment Management LLC now owns 850 shares of the company’s stock valued at $72,000 after acquiring an additional 567 shares during the period. 91.77% of the stock is owned by institutional investors.

Dollar General Stock Performance

Dollar General stock opened at $72.87 on Friday. The firm has a market cap of $16.03 billion, a P/E ratio of 12.00, a P/E/G ratio of 2.08 and a beta of 0.43. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $168.07. The firm has a 50-day moving average of $74.03 and a 200-day moving average of $84.94. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78.

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

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 3.24%. The ex-dividend date was Tuesday, January 7th. Dollar General’s payout ratio is currently 38.88%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Sanford C. Bernstein began coverage on Dollar General in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $98.00 price target on the stock. Telsey Advisory Group decreased their price target on Dollar General from $103.00 to $90.00 and set a “market perform” rating on the stock in a research report on Monday, December 2nd. Truist Financial reduced their target price 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. The Goldman Sachs Group lowered their price objective on Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company reduced their price target on Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $96.77.

Insiders Place Their Bets

In related news, EVP Emily C. Taylor sold 4,740 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the transaction, the executive vice president now owns 15,575 shares of the company’s stock, valued at $1,206,128. This trade represents a 23.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the completion of the sale, the director now owns 120,322 shares of the company’s stock, valued at $9,056,636.94. This represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

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.