Cadence Bank Purchases Shares of 4,195 Dollar General Co. (NYSE:DG)

Cadence Bank purchased a new position in shares of Dollar General Co. (NYSE:DG - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,195 shares of the company's stock, valued at approximately $318,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in Dollar General during the fourth quarter valued at approximately $57,000. Eagle Rock Investment Company LLC increased its position in shares of Dollar General by 16.3% during the 4th quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company's stock worth $2,186,000 after purchasing an additional 4,048 shares in the last quarter. Leibman Financial Services Inc. bought a new position in Dollar General during the 4th quarter valued at about $2,018,000. DAVENPORT & Co LLC grew its stake in Dollar General by 5,624.9% during the fourth quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company's stock worth $24,385,000 after buying an additional 316,005 shares during the last quarter. Finally, Matrix Asset Advisors Inc. NY acquired a new stake in shares of Dollar General during the fourth quarter worth approximately $6,158,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DG. Gordon Haskett lowered Dollar General from a "hold" rating to a "reduce" rating in a research report on Wednesday, April 9th. Melius Research upgraded Dollar General from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Truist Financial upped their price target on shares of Dollar General from $76.00 to $93.00 and gave the stock a "hold" rating in a research report on Tuesday, April 8th. Telsey Advisory Group reissued a "market perform" rating and set a $85.00 price objective on shares of Dollar General in a report on Thursday, March 13th. Finally, Morgan Stanley dropped their target price on shares of Dollar General from $100.00 to $80.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $94.75.

Dollar General Trading Down 2.3 %

NYSE DG traded down $2.21 during trading on Thursday, reaching $93.22. 1,726,066 shares of the stock traded hands, compared to its average volume of 3,892,873. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $147.87. 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 firm has a market cap of $20.50 billion, a price-to-earnings ratio of 15.35, a price-to-earnings-growth ratio of 2.18 and a beta of 0.40. The stock's 50-day moving average price is $83.49 and its 200 day moving average price is $78.75.

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

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were paid a dividend of $0.59 per share. 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 2.53%. Dollar General's payout ratio is 46.18%.

Insiders Place Their Bets

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of Dollar General stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $94.72, for a total value of $76,628.48. Following the sale, the executive vice president now owns 48,532 shares of the company's stock, valued at $4,596,951.04. This trade represents a 1.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.49% of the company's stock.

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.