Bayesian Capital Management LP Invests $5.16 Million in Dollar General Co. (NYSE:DG)

Bayesian Capital Management LP bought a new stake in shares of Dollar General Co. (NYSE:DG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 68,004 shares of the company's stock, valued at approximately $5,156,000. Dollar General comprises about 0.6% of Bayesian Capital Management LP's portfolio, making the stock its 22nd biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in DG. Altshuler Shaham Ltd purchased a new stake in Dollar General during the 4th quarter valued at about $25,000. IMG Wealth Management Inc. purchased a new stake in shares of Dollar General in the fourth quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB purchased a new position in Dollar General during the third quarter worth approximately $33,000. Providence First Trust Co purchased a new position in Dollar General during the fourth quarter worth approximately $33,000. Finally, Bogart Wealth LLC boosted its stake in Dollar General by 279.8% during the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company's stock worth $37,000 after buying an additional 361 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company's stock.

Insider Activity

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 value of $76,628.48. Following the transaction, the executive vice president now directly owns 48,532 shares of the company's stock, valued at approximately $4,596,951.04. The trade was a 1.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.56% of the company's stock.

Dollar General Stock Performance

Shares of NYSE DG traded down $0.75 during trading hours on Wednesday, reaching $92.91. The stock had a trading volume of 2,187,487 shares, compared to its average volume of 3,952,549. The firm has a market cap of $20.43 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 2.18 and a beta of 0.27. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $147.87. The firm has a 50-day moving average of $86.52 and a 200-day moving average of $79.39. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG - Get Free Report) last announced its earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.51 by $0.17. The business had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $1.83 earnings per share. Equities research analysts predict that Dollar General Co. will post 5.75 earnings per share 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 paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.54%. Dollar General's dividend payout ratio is presently 46.18%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Bank of America cut their price objective on shares of Dollar General from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, March 14th. Truist Financial raised their price target on shares of Dollar General from $76.00 to $93.00 and gave the stock a "hold" rating in a report on Tuesday, April 8th. Morgan Stanley decreased their price objective on Dollar General from $100.00 to $80.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 21st. Piper Sandler lifted their target price on Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a research report on Friday, March 14th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $80.00 price target (down previously from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Dollar General has a consensus 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.