Caisse DE Depot ET Placement DU Quebec Raises Holdings in Dollar General Co. (NYSE:DG)

Caisse DE Depot ET Placement DU Quebec lifted its holdings in Dollar General Co. (NYSE:DG - Free Report) by 102.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,020 shares of the company's stock after acquiring an additional 55,120 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Dollar General were worth $8,266,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. bought a new position in shares of Dollar General during the fourth quarter worth $25,000. Altshuler Shaham Ltd purchased a new position in shares of Dollar General during the fourth quarter valued at about $25,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Dollar General in the third quarter worth about $33,000. Providence First Trust Co bought a new position in Dollar General during the fourth quarter valued at approximately $33,000. Finally, Bogart Wealth LLC grew its holdings in Dollar General by 279.8% during the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company's stock valued at $37,000 after buying an additional 361 shares in the last quarter. Institutional investors own 91.77% of the company's stock.

Insider Activity at Dollar General

In other news, EVP Emily C. Taylor sold 809 shares of the business's stock in a transaction that occurred on Friday, April 4th. The stock was 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 directly owns 48,532 shares in the company, valued at $4,596,951.04. The trade was a 1.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.56% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DG. Piper Sandler boosted their price target on shares of Dollar General from $79.00 to $81.00 and gave the stock a "neutral" rating in a research report on Friday, March 14th. Citigroup raised shares of Dollar General from a "sell" rating to a "neutral" rating and increased their price target for the company from $69.00 to $101.00 in a report on Monday, April 7th. UBS Group reduced their price objective on Dollar General from $108.00 to $95.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $80.00 price objective (down from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. Finally, Melius upgraded Dollar General from a "hold" rating to a "buy" rating and set a $110.00 price target for the company in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $94.75.

Dollar General Stock Down 0.8 %

Dollar General stock traded down $0.75 during midday trading on Wednesday, reaching $92.91. The company's stock had a trading volume of 2,187,487 shares, compared to its average volume of 3,947,139. The stock has a market capitalization of $20.43 billion, a P/E ratio of 15.31, a PEG ratio of 2.18 and a beta of 0.27. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $147.87. 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 stock's 50-day simple moving average is $86.52 and its 200-day simple moving average is $79.39.

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, 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 firm had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.26 billion. During the same period in the previous year, the company earned $1.83 earnings per share. The business's quarterly revenue was up 4.5% compared to the same quarter last year. On average, sell-side analysts expect that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 2.54%. Dollar General's payout ratio is 46.18%.

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.