68,004 Shares in Dollar General Co. (NYSE:DG) Purchased by Bayesian Capital Management LP

Bayesian Capital Management LP bought a new stake in Dollar General Co. (NYSE:DG) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 68,004 shares of the company’s stock, valued at approximately $5,156,000. Dollar General comprises approximately 0.6% of Bayesian Capital Management LP’s portfolio, making the stock its 22nd biggest holding.

Several other hedge funds have also made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new position in Dollar General during the 4th quarter worth $57,000. Eagle Rock Investment Company LLC increased its stake in shares of Dollar General by 16.3% during the fourth quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company’s stock worth $2,186,000 after buying an additional 4,048 shares during the period. Leibman Financial Services Inc. acquired a new stake in Dollar General in the fourth quarter valued at approximately $2,018,000. DAVENPORT & Co LLC grew its holdings in Dollar General by 5,624.9% during the 4th quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company’s stock worth $24,385,000 after acquiring an additional 316,005 shares in the last quarter. Finally, Matrix Asset Advisors Inc. NY acquired a new position in Dollar General during the 4th quarter worth approximately $6,158,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Trading Down 0.3 %

NYSE:DG opened at $90.24 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The stock’s 50 day simple moving average is $85.77 and its 200-day simple moving average is $79.22. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $147.87. The firm has a market cap of $19.85 billion, a P/E ratio of 14.87, a PEG ratio of 2.18 and a beta of 0.40.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, March 13th. The company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.17. The company had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. Dollar General’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.83 EPS. Equities analysts anticipate that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend was Tuesday, April 8th. Dollar General’s dividend payout ratio is presently 46.18%.

Insiders Place Their Bets

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the business’s stock in a transaction on Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the sale, the executive vice president now directly owns 48,532 shares in the company, valued at approximately $4,596,951.04. The trade was a 1.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.56% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DG. Melius raised shares of Dollar General from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research report on Tuesday, April 8th. Piper Sandler upped their price objective on Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a research report on Friday, March 14th. Truist Financial raised their target price on Dollar General from $76.00 to $93.00 and gave the stock a “hold” rating in a research report on Tuesday, April 8th. Morgan Stanley lowered their price target on Dollar General from $100.00 to $80.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Finally, Citigroup raised shares of Dollar General from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $69.00 to $101.00 in a report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $94.75.

Dollar General 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.