Deutsche Bank AG Raises Stake in Dollar General Co. (NYSE:DG)

Deutsche Bank AG increased its stake in Dollar General Co. (NYSE:DG - Free Report) by 17.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,038,377 shares of the company's stock after purchasing an additional 152,429 shares during the quarter. Deutsche Bank AG owned 0.47% of Dollar General worth $78,730,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DG. IMG Wealth Management Inc. purchased a new position in Dollar General in the fourth quarter valued at about $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Dollar General in the 4th quarter worth approximately $25,000. Wilmington Savings Fund Society FSB purchased a new position in Dollar General in the 3rd quarter valued at approximately $33,000. Providence First Trust Co acquired a new position in Dollar General during the fourth quarter worth $33,000. Finally, Bogart Wealth LLC boosted its position 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 purchasing an additional 361 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

Dollar General Stock Performance

Shares of DG opened at $91.70 on Monday. Dollar General Co. has a 52-week low of $66.43 and a 52-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 $20.17 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 2.18 and a beta of 0.27. The business's 50 day moving average is $87.67 and its two-hundred day moving average is $79.60.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share 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 company 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 firm's revenue for the quarter was up 4.5% compared to the same quarter last year. Analysts forecast that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company 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. This represents a $2.36 annualized dividend and a yield of 2.57%. The ex-dividend date was Tuesday, April 8th. Dollar General's payout ratio is currently 46.18%.

Insiders Place Their Bets

In other 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 approximately $4,596,951.04. This represents a 1.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.56% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Piper Sandler raised their price target on Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a research report on Friday, March 14th. Truist Financial raised their target price on shares of Dollar General from $76.00 to $93.00 and gave the company a "hold" rating in a report on Tuesday, April 8th. Morgan Stanley reduced their price target on shares of Dollar General from $100.00 to $80.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 21st. Melius upgraded Dollar General from a "hold" rating to a "buy" rating and set a $110.00 price objective for the company in a research report on Tuesday, April 8th. Finally, Melius Research upgraded Dollar General from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $95.16.

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.

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