Crestline Management LP Acquires Shares of 7,963 Dollar General Co. (NYSE:DG)

Crestline Management LP purchased a new position in shares of Dollar General Co. (NYSE:DG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 7,963 shares of the company's stock, valued at approximately $604,000.

Several other institutional investors also recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new stake in Dollar General during the 3rd quarter valued at approximately $33,000. Franklin Resources Inc. boosted its holdings in Dollar General by 17.6% in the 3rd quarter. Franklin Resources Inc. now owns 69,173 shares of the company's stock valued at $5,517,000 after purchasing an additional 10,333 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Dollar General by 2.6% during the 3rd quarter. Principal Financial Group Inc. now owns 253,053 shares of the company's stock worth $21,401,000 after purchasing an additional 6,372 shares during the period. First Hawaiian Bank bought a new stake in shares of Dollar General in the fourth quarter valued at about $218,000. Finally, Bruce G. Allen Investments LLC grew its position in Dollar General by 20.3% during the fourth quarter. Bruce G. Allen Investments LLC now owns 953 shares of the company's stock worth $72,000 after buying an additional 161 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Piper Sandler upped their target price on shares of Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a research note on Friday, March 14th. Telsey Advisory Group restated a "market perform" rating and set a $85.00 target price on shares of Dollar General in a research report on Thursday, March 13th. The Goldman Sachs Group lowered their price target on Dollar General from $104.00 to $93.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. Truist Financial lifted their price objective on Dollar General from $76.00 to $93.00 and gave the company a "hold" rating in a report on Tuesday, April 8th. Finally, Melius upgraded shares of Dollar General from a "hold" rating to a "buy" rating and set a $110.00 target price for the company in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Dollar General currently has an average rating of "Hold" and an average price target of $95.16.

Dollar General Price Performance

Dollar General stock traded down $2.63 during mid-day trading on Tuesday, hitting $86.86. 4,066,699 shares of the company were exchanged, compared to its average volume of 3,982,922. The business's 50 day simple moving average is $87.99 and its two-hundred day simple moving average is $79.67. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The company has a market capitalization of $19.10 billion, a P/E ratio of 14.31, a PEG 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 data on Thursday, March 13th. The company reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.51 by $0.17. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.26 billion. During the same quarter in the previous year, the business posted $1.83 EPS. The firm's revenue was up 4.5% compared to the same quarter last year. 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 declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th were issued 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 dividend yield of 2.72%. Dollar General's dividend payout ratio is currently 46.18%.

Insider Activity at Dollar General

In related news, EVP Emily C. Taylor sold 809 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was 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 $4,596,951.04. This represents a 1.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is owned by insiders.

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.