Parametrica Management Ltd Takes $429,000 Position in Dollar General Co. (NYSE:DG)

Parametrica Management Ltd bought a new position in shares of Dollar General Co. (NYSE:DG) in the fourth quarter, Holdings Channel.com reports. The fund bought 5,654 shares of the company’s stock, valued at approximately $429,000. Dollar General makes up about 0.6% of Parametrica Management Ltd’s holdings, making the stock its 22nd largest holding.

Other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in Dollar General during the 4th quarter worth approximately $57,000. Eagle Rock Investment Company LLC lifted its stake in Dollar General by 16.3% during the 4th quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company’s stock valued at $2,186,000 after acquiring an additional 4,048 shares in the last quarter. Leibman Financial Services Inc. purchased a new position in Dollar General during the 4th quarter worth $2,018,000. DAVENPORT & Co LLC grew its stake in shares of Dollar General by 5,624.9% in the 4th quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company’s stock worth $24,385,000 after acquiring an additional 316,005 shares in the last quarter. Finally, Cynosure Group LLC lifted its position in shares of Dollar General by 710.7% during the third quarter. Cynosure Group LLC now owns 25,343 shares of the company’s stock valued at $2,143,000 after purchasing an additional 22,217 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Citigroup decreased their price objective on shares of Dollar General from $73.00 to $69.00 and set a “sell” rating for the company in a research note on Friday, March 7th. BMO Capital Markets lifted their price target on Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Wells Fargo & Company reduced their price objective on Dollar General from $90.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday, December 5th. Telsey Advisory Group reiterated a “market perform” rating and set a $85.00 target price on shares of Dollar General in a research note on Thursday, March 13th. Finally, Truist Financial decreased their price objective on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dollar General currently has an average rating of “Hold” and a consensus price target of $92.26.

Insiders Place Their Bets

In other news, Director Michael M. Calbert sold 6,000 shares of Dollar General 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 of the company’s stock, 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 Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.49% of the company’s stock.

Dollar General Trading Down 0.6 %

NYSE:DG opened at $82.62 on Wednesday. The firm has a market capitalization of $18.17 billion, a P/E ratio of 13.61, a P/E/G ratio of 2.18 and a beta of 0.44. 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 company has a fifty day moving average of $75.08 and a 200 day moving average of $77.72. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $164.12.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.17. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.26 billion. During the same period last year, the firm earned $1.83 earnings per share. Dollar General’s quarterly revenue was up 4.5% on a year-over-year basis. On average, research analysts predict that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General’s payout ratio is currently 46.18%.

Dollar General 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.