R Squared Ltd Acquires Shares of 1,836 Dollar General Co. (NYSE:DG)

R Squared Ltd bought a new position in shares of Dollar General Co. (NYSE:DG) during the fourth quarter, Holdings Channel.com reports. The fund bought 1,836 shares of the company’s stock, valued at approximately $139,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP purchased a new position in Dollar General during the 2nd quarter worth approximately $46,000. Pathway Financial Advisers LLC boosted its holdings in shares of Dollar General by 30.6% in the second quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock valued at $50,000 after acquiring an additional 88 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Dollar General during the third quarter worth approximately $33,000. ORG Wealth Partners LLC acquired a new position in shares of Dollar General in the 3rd quarter valued at $57,000. Finally, Bruce G. Allen Investments LLC raised its position in Dollar General by 37.7% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 792 shares of the company’s stock valued at $67,000 after purchasing an additional 217 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Price Performance

Dollar General stock opened at $72.04 on Thursday. The firm has a market capitalization of $15.84 billion, a PE ratio of 11.87, a P/E/G ratio of 2.11 and a beta of 0.44. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $168.07. The firm’s 50-day simple moving average is $74.84 and its 200 day simple moving average is $88.51. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business had revenue of $10.18 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the prior year, the company earned $1.26 earnings per share. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities research analysts predict that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend was Tuesday, January 7th. Dollar General’s payout ratio is currently 38.88%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. The Goldman Sachs Group lowered their price objective on shares of Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Truist Financial lowered their price target on Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a report on Friday, December 6th. JPMorgan Chase & Co. decreased their price objective on Dollar General from $97.00 to $82.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Telsey Advisory Group dropped their target price on Dollar General from $103.00 to $90.00 and set a “market perform” rating on the stock in a report on Monday, December 2nd. Finally, Bank of America raised Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price target for the company in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Dollar General has a consensus rating of “Hold” and a consensus price target of $96.77.

Insider Buying and Selling

In other Dollar General news, EVP Emily C. Taylor sold 4,740 shares of Dollar General stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $77.44, for a total value of $367,065.60. Following the completion of the sale, the executive vice president now owns 15,575 shares in the company, valued at $1,206,128. The trade was a 23.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the transaction, the director now directly owns 120,322 shares of the company’s stock, valued at $9,056,636.94. This trade represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

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.