Hunter Associates Investment Management LLC Has $439,000 Stake in Dollar General Co. (NYSE:DG)

Hunter Associates Investment Management LLC grew its holdings in Dollar General Co. (NYSE:DGFree Report) by 9.1% during the third quarter, Holdings Channel.com reports. The firm owned 4,109 shares of the company’s stock after acquiring an additional 344 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in Dollar General were worth $439,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DG. Massmutual Trust Co. FSB ADV increased its stake in Dollar General by 70.5% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 237 shares of the company’s stock valued at $25,000 after buying an additional 98 shares during the last quarter. Resurgent Financial Advisors LLC bought a new position in shares of Dollar General in the 2nd quarter valued at about $25,000. First Manhattan Co. increased its position in shares of Dollar General by 447.4% in the fourth quarter. First Manhattan Co. now owns 104 shares of the company’s stock valued at $26,000 after acquiring an additional 85 shares during the last quarter. Financial Freedom LLC bought a new stake in Dollar General during the fourth quarter worth about $26,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Dollar General during the first quarter valued at approximately $28,000. Institutional investors own 90.37% of the company’s stock.

Dollar General Price Performance

Shares of Dollar General stock opened at $135.21 on Monday. The company has a quick ratio of 0.13, a current ratio of 1.22 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $29.68 billion, a price-to-earnings ratio of 15.56, a price-to-earnings-growth ratio of 2.51 and a beta of 0.39. Dollar General Co. has a twelve month low of $101.09 and a twelve month high of $233.74. The company has a 50-day simple moving average of $133.23 and a two-hundred day simple moving average of $131.14.

Dollar General (NYSE:DGGet Free Report) last released its quarterly earnings results on Thursday, December 7th. The company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. The company had revenue of $9.69 billion during the quarter, compared to the consensus estimate of $9.64 billion. Dollar General had a net margin of 4.91% and a return on equity of 31.68%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.33 earnings per share. Analysts forecast that Dollar General Co. will post 7.45 EPS for the current year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend was Monday, January 8th. Dollar General’s dividend payout ratio (DPR) is currently 27.16%.

Analysts Set New Price Targets

Several research firms have weighed in on DG. Barclays raised Dollar General from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $124.00 to $154.00 in a research report on Thursday, January 4th. Piper Sandler upped their price target on shares of Dollar General from $114.00 to $127.00 and gave the stock a “neutral” rating in a research report on Friday, December 8th. Truist Financial lifted their price objective on shares of Dollar General from $117.00 to $125.00 and gave the company a “hold” rating in a research report on Monday, December 18th. Loop Capital dropped their target price on shares of Dollar General from $140.00 to $120.00 and set a “hold” rating on the stock in a report on Monday, October 16th. Finally, JPMorgan Chase & Co. lifted their price target on Dollar General from $108.00 to $120.00 and gave the stock an “underweight” rating in a report on Monday, January 29th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Dollar General presently has an average rating of “Hold” and a consensus price target of $146.32.

Check Out Our Latest Stock Analysis on Dollar General

Dollar General Profile

(Free Report)

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.

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

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