Alpha DNA Investment Management LLC Makes New $85,000 Investment in Dollar General Co. (NYSE:DG)


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Alpha DNA Investment Management LLC bought a new position in Dollar General Co. (NYSE:DG) in the 4th quarter, Holdings Channel reports. The firm bought 408 shares of the company’s stock, valued at approximately $85,000.

Several other hedge funds have also recently modified their holdings of the business. Curi Capital purchased a new stake in shares of Dollar General in the 4th quarter worth $274,000. Valley Brook Capital Group purchased a new stake in shares of Dollar General during the 4th quarter worth $262,000. DekaBank Deutsche Girozentrale lifted its stake in shares of Dollar General by 5.0% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 304,547 shares of the company’s stock worth $64,303,000 after purchasing an additional 14,613 shares during the last quarter. Childress Capital Advisors LLC purchased a new stake in shares of Dollar General during the 4th quarter worth $56,000. Finally, tru Independence LLC lifted its stake in shares of Dollar General by 4.6% during the 4th quarter. tru Independence LLC now owns 1,834 shares of the company’s stock worth $386,000 after purchasing an additional 80 shares during the last quarter. Institutional investors and hedge funds own 90.86% of the company’s stock.

A number of equities research analysts recently weighed in on DG shares. Loop Capital upgraded Dollar General from a “hold” rating to a “buy” rating and set a $260.00 price objective for the company in a research note on Tuesday, January 26th. Evercore ISI upgraded Dollar General from an “in-line” rating to an “outperform” rating in a research note on Monday, March 29th. Atlantic Securities upgraded Dollar General from a “neutral” rating to an “overweight” rating and set a $243.00 price objective for the company in a research note on Monday, March 22nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $206.00 price target (down from $239.00) on shares of Dollar General in a research note on Thursday, March 25th. Finally, Bank of America lowered Dollar General from a “buy” rating to a “neutral” rating and set a $215.00 price objective on the stock. in a report on Thursday, February 25th. Three investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $228.83.

In other Dollar General news, CFO John W. Garratt sold 26,127 shares of the firm’s stock in a transaction that occurred on Tuesday, March 23rd. The stock was sold at an average price of $199.35, for a total value of $5,208,417.45. Following the sale, the chief financial officer now directly owns 37,088 shares of the company’s stock, valued at $7,393,492.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.72% of the stock is currently owned by company insiders.

Dollar General stock opened at $205.73 on Thursday. The firm has a market cap of $49.22 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 1.50 and a beta of 0.52. Dollar General Co. has a 52 week low of $166.12 and a 52 week high of $225.25. The business’s 50-day moving average price is $193.84 and its 200 day moving average price is $206.41. The company has a quick ratio of 0.43, a current ratio of 1.28 and a debt-to-equity ratio of 0.59.

Dollar General (NYSE:DG) last posted its earnings results on Wednesday, March 17th. The company reported $2.62 EPS for the quarter, missing the consensus estimate of $2.72 by ($0.10). Dollar General had a return on equity of 36.07% and a net margin of 7.84%. The company had revenue of $8.41 billion for the quarter, compared to analyst estimates of $8.29 billion. During the same period last year, the business earned $2.10 earnings per share. The firm’s revenue was up 17.6% on a year-over-year basis. Equities analysts expect that Dollar General Co. will post 10.65 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 20th. Shareholders of record on Tuesday, April 6th will be issued a $0.42 dividend. This is a positive change from Dollar General’s previous quarterly dividend of $0.36. This represents a $1.68 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Monday, April 5th. Dollar General’s dividend payout ratio (DPR) is presently 24.96%.

Dollar General declared that its board has authorized a stock repurchase plan on Thursday, March 18th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 4.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

About Dollar General

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry products; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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