Generali Investments Towarzystwo Funduszy Inwestycyjnych Boosts Stock Position in Dollar General Co. (NYSE:DG)

Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its holdings in Dollar General Co. (NYSE:DG) by 21.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,700 shares of the company’s stock after purchasing an additional 1,200 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings in Dollar General were worth $508,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of DG. Pzena Investment Management LLC lifted its position in shares of Dollar General by 453.4% during the 3rd quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock valued at $865,903,000 after buying an additional 8,388,735 shares during the last quarter. State Street Corp lifted its position in shares of Dollar General by 8.3% during the 3rd quarter. State Street Corp now owns 9,958,704 shares of the company’s stock valued at $842,208,000 after buying an additional 759,869 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Dollar General by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 5,243,012 shares of the company’s stock valued at $441,899,000 after buying an additional 182,300 shares during the last quarter. Baupost Group LLC MA purchased a new position in shares of Dollar General during the 3rd quarter valued at $194,832,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Dollar General by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,434,960 shares of the company’s stock valued at $121,355,000 after buying an additional 31,200 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Insider Activity at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 4,740 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $77.44, for a total value of $367,065.60. Following the completion of the sale, the executive vice president now owns 15,575 shares in the company, valued at approximately $1,206,128. This trade represents a 23.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael M. Calbert sold 6,000 shares of the stock in a transaction that occurred 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 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 company insiders.

Dollar General Price Performance

Shares of Dollar General stock opened at $74.13 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 $16.30 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 2.18 and a beta of 0.43. The business’s 50-day moving average price is $73.35 and its 200-day moving average price is $81.77. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $168.07.

Dollar General (NYSE:DG) last announced 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 firm had revenue of $10.18 billion for the quarter, compared to the consensus estimate of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. Dollar General’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.26 earnings per share. Sell-side analysts forecast that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 3.18%. The ex-dividend date was Tuesday, January 7th. Dollar General’s dividend payout ratio is presently 38.88%.

Analyst Ratings Changes

A number of research analysts have recently commented on DG shares. Gordon Haskett cut Dollar General from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Barclays decreased their price objective on Dollar General from $102.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, January 9th. The Goldman Sachs Group decreased their price objective on Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Evercore ISI decreased their price objective on Dollar General from $97.00 to $95.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 3rd. Finally, Truist Financial decreased their price objective on Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.