Dollar General Co. (NYSE:DG) Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC lifted its stake in Dollar General Co. (NYSE:DG) by 29.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,042 shares of the company’s stock after purchasing an additional 2,484 shares during the period. NEOS Investment Management LLC’s holdings in Dollar General were worth $837,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Dollar General by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 25,231,285 shares of the company’s stock worth $1,913,036,000 after purchasing an additional 160,853 shares during the last quarter. Pzena Investment Management LLC raised its stake in shares of Dollar General by 14.9% during the 4th quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company’s stock worth $892,199,000 after buying an additional 1,528,450 shares during the last quarter. State Street Corp boosted its position in shares of Dollar General by 8.3% in the 3rd quarter. State Street Corp now owns 9,958,704 shares of the company’s stock worth $842,208,000 after buying an additional 759,869 shares in the last quarter. First Eagle Investment Management LLC acquired a new stake in Dollar General in the 4th quarter valued at about $399,433,000. Finally, Geode Capital Management LLC increased its holdings in 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 acquiring an additional 182,300 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Truist Financial lowered their price target 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 dropped their price target 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. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $80.00 price objective (down from $90.00) on shares of Dollar General in a research report on Monday, March 3rd. Bank of America dropped their price objective on Dollar General from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, March 14th. Finally, BMO Capital Markets upped their target price on shares of Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $92.26.

Insider Activity

In related news, Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the completion of the sale, the director now directly owns 120,322 shares of the company’s stock, valued at approximately $9,056,636.94. This represents a 4.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.49% of the company’s stock.

Dollar General Price Performance

Shares of Dollar General stock opened at $86.03 on Monday. The business’s fifty day moving average price is $76.12 and its 200 day moving average price is $77.83. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $164.12. 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 stock has a market capitalization of $18.92 billion, a P/E ratio of 14.17, a PEG ratio of 2.18 and a beta of 0.44.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.17. The business had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.26 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.83 EPS. As a group, research analysts anticipate 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. Stockholders of record on Tuesday, April 8th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Tuesday, April 8th. Dollar General’s payout ratio is currently 46.18%.

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.