Desjardins Global Asset Management Inc. Boosts Holdings in Dollar General Co. (NYSE:DG)

Desjardins Global Asset Management Inc. boosted its position in shares of Dollar General Co. (NYSE:DG) by 12.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,971 shares of the company’s stock after acquiring an additional 336 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Dollar General were worth $404,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Fiduciary Trust Co. grew its holdings in Dollar General by 0.7% during the 1st quarter. Fiduciary Trust Co. now owns 8,868 shares of the company’s stock worth $1,866,000 after acquiring an additional 64 shares in the last quarter. SevenOneSeven Capital Management grew its holdings in Dollar General by 5.4% during the 2nd quarter. SevenOneSeven Capital Management now owns 1,257 shares of the company’s stock worth $207,000 after acquiring an additional 64 shares in the last quarter. Kinneret Advisory LLC grew its holdings in Dollar General by 2.3% during the 1st quarter. Kinneret Advisory LLC now owns 2,906 shares of the company’s stock worth $647,000 after acquiring an additional 65 shares in the last quarter. Cito Capital Group LLC grew its holdings in Dollar General by 2.5% during the 1st quarter. Cito Capital Group LLC now owns 3,100 shares of the company’s stock worth $652,000 after acquiring an additional 75 shares in the last quarter. Finally, Evergreen Capital Management LLC grew its holdings in Dollar General by 7.6% during the 4th quarter. Evergreen Capital Management LLC now owns 1,160 shares of the company’s stock worth $286,000 after acquiring an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Price Performance

NYSE:DG opened at $144.47 on Thursday. The firm has a market cap of $31.74 billion, a price-to-earnings ratio of 19.11, a price-to-earnings-growth ratio of 2.59 and a beta of 0.42. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92. The company’s 50-day moving average is $149.24 and its two-hundred day moving average is $133.78. Dollar General Co. has a 12-month low of $101.09 and a 12-month high of $222.99.

Dollar General (NYSE:DG) last released its earnings results on Thursday, March 14th. The company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.09. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The company had revenue of $9.86 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same period in the prior year, the firm earned $2.96 EPS. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. Research analysts expect that Dollar General Co. will post 7.28 EPS for the current year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th will be given a $0.59 dividend. The ex-dividend date is Monday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 1.63%. Dollar General’s dividend payout ratio is presently 31.22%.

Analysts Set New Price Targets

Several research analysts have commented on DG shares. The Goldman Sachs Group boosted their price target on shares of Dollar General from $147.00 to $169.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Truist Financial boosted their price objective on shares of Dollar General from $125.00 to $140.00 and gave the stock a “hold” rating in a research report on Friday, March 15th. Evercore ISI reduced their price objective on shares of Dollar General from $162.00 to $160.00 and set an “in-line” rating for the company in a research report on Tuesday, April 2nd. Barclays upgraded shares of Dollar General from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $124.00 to $154.00 in a research report on Thursday, January 4th. Finally, Raymond James boosted their price objective on shares of Dollar General from $150.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Fifteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dollar General currently has a consensus rating of “Hold” and an average target price of $153.08.

Insider Buying and Selling

In other Dollar General news, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following the transaction, the director now directly owns 3,248 shares of the company’s stock, valued at $505,778.56. The sale was disclosed in a filing with the SEC, which is available at this link. In other Dollar General news, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following the transaction, the director now directly owns 3,248 shares of the company’s stock, valued at $505,778.56. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the transaction, the executive vice president now directly owns 28,579 shares in the company, valued at $4,636,371.17. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

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.