V Square Quantitative Management LLC Raises Holdings in Dollar General Co. (NYSE:DG)

V Square Quantitative Management LLC boosted its position in Dollar General Co. (NYSE:DG) by 13.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,801 shares of the company’s stock after buying an additional 703 shares during the period. V Square Quantitative Management LLC’s holdings in Dollar General were worth $440,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Eagle Rock Investment Company LLC increased its stake in Dollar General by 16.3% in the 4th quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company’s stock valued at $2,186,000 after purchasing an additional 4,048 shares in the last quarter. 1834 Investment Advisors Co. purchased a new position in Dollar General in the 3rd quarter valued at approximately $5,650,000. Leibman Financial Services Inc. purchased a new position in Dollar General in the 4th quarter valued at approximately $2,018,000. Lecap Asset Management Ltd. increased its stake in Dollar General by 231.6% in the 3rd quarter. Lecap Asset Management Ltd. now owns 37,462 shares of the company’s stock valued at $3,168,000 after purchasing an additional 26,165 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Dollar General by 62.9% in the 3rd quarter. Victory Capital Management Inc. now owns 166,574 shares of the company’s stock valued at $14,087,000 after purchasing an additional 64,336 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Trading Down 0.4 %

Shares of DG opened at $72.57 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $15.96 billion, a P/E ratio of 11.96, a price-to-earnings-growth ratio of 2.08 and a beta of 0.43. The stock’s fifty day simple moving average is $73.71 and its 200 day simple moving average is $84.55. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $168.07.

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

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date was Tuesday, January 7th. Dollar General’s dividend payout ratio is presently 38.88%.

Insiders Place Their Bets

In related news, EVP Emily C. Taylor sold 4,740 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was 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 in the company, valued at approximately $1,206,128. The trade was a 23.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 120,322 shares in the company, valued at approximately $9,056,636.94. This trade represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Gordon Haskett cut Dollar General from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. BMO Capital Markets increased their target price on Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Truist Financial lowered their target price on Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a report on Friday, December 6th. Telsey Advisory Group lowered their target price on Dollar General from $103.00 to $90.00 and set a “market perform” rating on the stock in a report on Monday, December 2nd. Finally, Sanford C. Bernstein assumed coverage on Dollar General in a report on Tuesday, October 22nd. They set an “outperform” rating and a $98.00 target price on the stock. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $96.77.

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.