Polar Asset Management Partners Inc. Invests $5 Million in Dollar General Co. (NYSE:DG)

Polar Asset Management Partners Inc. acquired a new stake in shares of Dollar General Co. (NYSE:DG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 66,000 shares of the company's stock, valued at approximately $5,004,000.

A number of other institutional investors have also recently bought and sold shares of DG. Nisa Investment Advisors LLC raised its position in shares of Dollar General by 117.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 21,997 shares of the company's stock worth $1,668,000 after purchasing an additional 11,893 shares during the period. Janney Montgomery Scott LLC raised its holdings in Dollar General by 75.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 139,953 shares of the company's stock worth $10,611,000 after buying an additional 60,189 shares during the period. Cornerstone Wealth Management LLC lifted its stake in Dollar General by 19.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 5,014 shares of the company's stock valued at $380,000 after buying an additional 827 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in Dollar General by 18.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 2,830 shares of the company's stock valued at $215,000 after buying an additional 447 shares in the last quarter. Finally, Jamison Private Wealth Management Inc. boosted its holdings in shares of Dollar General by 71.5% in the fourth quarter. Jamison Private Wealth Management Inc. now owns 2,816 shares of the company's stock valued at $214,000 after buying an additional 1,174 shares during the period. Institutional investors and hedge funds own 91.77% of the company's stock.

Dollar General Stock Performance

Shares of NYSE DG traded up $0.10 during mid-day trading on Friday, reaching $97.17. 5,245,143 shares of the company were exchanged, compared to its average volume of 4,000,937. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $141.24. The stock has a market capitalization of $21.37 billion, a P/E ratio of 16.01, a P/E/G ratio of 2.18 and a beta of 0.27. The company's 50-day simple moving average is $92.58 and its 200-day simple moving average is $81.42. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78.

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

Dollar General Announces Dividend

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 $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Tuesday, April 8th. Dollar General's dividend payout ratio (DPR) is 46.18%.

Insiders Place Their Bets

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 owns 48,532 shares of the company's stock, valued at $4,596,951.04. This represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.56% of the company's stock.

Analyst Ratings Changes

DG has been the topic of several research reports. Citigroup raised shares of Dollar General from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $69.00 to $101.00 in a research report on Monday, April 7th. Truist Financial upped their price objective on Dollar General from $76.00 to $93.00 and gave the stock a "hold" rating in a research report on Tuesday, April 8th. Melius upgraded Dollar General from a "hold" rating to a "buy" rating and set a $110.00 price objective for the company in a report on Tuesday, April 8th. Sanford C. Bernstein set a $120.00 target price on Dollar General in a research note on Friday, May 23rd. Finally, The Goldman Sachs Group upped their price target on Dollar General from $85.00 to $96.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. 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.com, the company has an average rating of "Hold" and a consensus target price of $98.96.

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.