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

Intech Investment Management LLC grew its holdings in shares of Dollar General Co. (NYSE:DG) by 4.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 11,719 shares of the company’s stock after acquiring an additional 505 shares during the quarter. Intech Investment Management LLC’s holdings in Dollar General were worth $1,829,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD increased its position in Dollar General by 162.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,185,887 shares of the company’s stock worth $2,472,372,000 after purchasing an additional 11,257,537 shares during the last quarter. Vanguard Group Inc. boosted its stake in Dollar General by 15.5% during the 4th quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock valued at $3,408,514,000 after purchasing an additional 3,360,413 shares during the period. Norges Bank acquired a new position in Dollar General in the 4th quarter valued at approximately $337,150,000. Capital International Investors raised its holdings in Dollar General by 13.9% in the 4th quarter. Capital International Investors now owns 18,676,538 shares of the company’s stock valued at $2,539,026,000 after acquiring an additional 2,273,119 shares in the last quarter. Finally, Pzena Investment Management LLC acquired a new position in shares of Dollar General in the 1st quarter worth approximately $301,738,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Price Performance

Shares of DG traded up $0.85 during trading hours on Friday, reaching $122.42. The stock had a trading volume of 2,153,691 shares, compared to its average volume of 2,454,942. The stock has a market capitalization of $26.92 billion, a PE ratio of 17.82, a PEG ratio of 2.41 and a beta of 0.43. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.18 and a current ratio of 1.22. Dollar General Co. has a 12 month low of $101.09 and a 12 month high of $173.47. The company’s 50-day moving average is $131.98 and its two-hundred day moving average is $139.48.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, May 30th. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.08. The business had revenue of $9.91 billion during the quarter, compared to analyst estimates of $9.89 billion. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. Dollar General’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the company earned $2.34 EPS. Research analysts expect that Dollar General Co. will post 7.21 EPS for the current year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Tuesday, July 9th. Dollar General’s dividend payout ratio is currently 34.35%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DG shares. Truist Financial dropped their price target on Dollar General from $140.00 to $135.00 and set a “hold” rating for the company in a report on Friday, May 31st. Argus reduced their target price on Dollar General from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, July 15th. BMO Capital Markets cut their price target on Dollar General from $150.00 to $140.00 and set a “market perform” rating on the stock in a report on Friday, May 31st. Loop Capital upped their target price on Dollar General from $135.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, June 28th. Finally, Wells Fargo & Company dropped their target price on Dollar General from $155.00 to $145.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 4th. Twelve analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $147.86.

Dollar General Company 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.