Dark Forest Capital Management LP Purchases New Stake in Dollar General Co. (NYSE:DG)

Dark Forest Capital Management LP 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 disclosure with the Securities and Exchange Commission. The fund purchased 5,255 shares of the company's stock, valued at approximately $398,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new position in Dollar General in the 4th quarter valued at about $57,000. Eagle Rock Investment Company LLC raised its position in shares of Dollar General by 16.3% in the fourth quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company's stock valued at $2,186,000 after buying an additional 4,048 shares during the last quarter. Leibman Financial Services Inc. purchased a new position in shares of Dollar General during the fourth quarter valued at approximately $2,018,000. DAVENPORT & Co LLC boosted its position 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 acquiring an additional 316,005 shares during the last quarter. Finally, Matrix Asset Advisors Inc. NY purchased a new stake in Dollar General in the 4th quarter worth approximately $6,158,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Stock Up 0.4 %

NYSE:DG traded up $0.36 during trading hours on Wednesday, hitting $93.69. The stock had a trading volume of 3,587,901 shares, compared to its average volume of 3,931,890. The company has a market cap of $20.61 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 2.18 and a beta of 0.40. The business has a 50 day simple moving average of $84.97 and a two-hundred day simple moving average of $79.00. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $147.87. 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 released its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, beating 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 business had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.26 billion. During the same period last year, the business earned $1.83 EPS. The business's revenue was up 4.5% on a year-over-year basis. Analysts predict that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

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 dividend of $0.59 per share. The ex-dividend date was Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.52%. Dollar General's dividend payout ratio (DPR) is presently 46.18%.

Wall Street Analyst Weigh In

DG has been the topic of a number of recent analyst reports. Melius Research raised Dollar General from a "hold" rating to a "strong-buy" rating in a research note 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. Bank of America cut their price objective on shares of Dollar General from $95.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, March 14th. Barclays lowered their target price on shares of Dollar General from $102.00 to $100.00 and set an "overweight" rating for the company in a report on Thursday, January 9th. Finally, Truist Financial increased their price target on shares of Dollar General from $76.00 to $93.00 and gave the stock a "hold" rating in a research note on Tuesday, April 8th. One investment 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $94.75.

Insider Buying and Selling at Dollar General

In other news, EVP Emily C. Taylor sold 809 shares of the business's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the sale, the executive vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is currently owned by corporate insiders.

Dollar General Company 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.