Bridgefront Capital LLC Acquires New Holdings in Dollar General Co. (NYSE:DG)

Bridgefront Capital LLC purchased a new position in shares of Dollar General Co. (NYSE:DG - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 9,061 shares of the company's stock, valued at approximately $687,000.

A number of other hedge funds have also made changes to their positions in DG. Deseret Mutual Benefit Administrators grew its holdings in Dollar General by 8.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company's stock valued at $143,000 after purchasing an additional 150 shares during the last quarter. Bruce G. Allen Investments LLC grew its position in shares of Dollar General by 20.3% in the fourth quarter. Bruce G. Allen Investments LLC now owns 953 shares of the company's stock valued at $72,000 after purchasing an additional 161 shares during the last quarter. Federated Hermes Inc. increased its stake in shares of Dollar General by 9.8% in the fourth quarter. Federated Hermes Inc. now owns 2,159 shares of the company's stock worth $164,000 after purchasing an additional 192 shares during the period. Peoples Bank KS lifted its position in shares of Dollar General by 19.1% during the 4th quarter. Peoples Bank KS now owns 1,435 shares of the company's stock worth $109,000 after purchasing an additional 230 shares during the last quarter. Finally, Metis Global Partners LLC boosted its stake in Dollar General by 3.6% during the 4th quarter. Metis Global Partners LLC now owns 7,297 shares of the company's stock valued at $553,000 after purchasing an additional 255 shares during the period. Institutional investors and hedge funds own 91.77% of the company's stock.

Dollar General Price Performance

DG traded down $0.27 during trading on Friday, hitting $91.70. The company's stock had a trading volume of 2,185,058 shares, compared to its average volume of 3,957,096. The firm's 50 day moving average price is $87.67 and its two-hundred day moving average price is $79.63. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $20.17 billion, a price-to-earnings ratio of 15.11, a price-to-earnings-growth ratio of 2.18 and a beta of 0.27. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $147.87.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.17. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.26 billion. During the same quarter in the prior year, the company earned $1.83 EPS. The firm's quarterly revenue was up 4.5% on a year-over-year basis. Sell-side analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th were paid a $0.59 dividend. The ex-dividend date was Tuesday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.57%. Dollar General's dividend payout ratio (DPR) is currently 46.18%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on DG shares. Truist Financial upped their price target on Dollar General from $76.00 to $93.00 and gave the stock a "hold" rating in a report on Tuesday, April 8th. Gordon Haskett downgraded shares of Dollar General from a "hold" rating to a "reduce" rating in a report on Wednesday, April 9th. The Goldman Sachs Group decreased their price target 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. Melius Research raised shares of Dollar General from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Finally, Morgan Stanley decreased their target price on Dollar General from $100.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $95.16.

Insider Transactions at Dollar General

In other news, EVP Emily C. Taylor sold 809 shares of Dollar General stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 48,532 shares in the company, valued at $4,596,951.04. The trade was a 1.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.56% of the stock is currently owned by corporate insiders.

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.