Probity Advisors Inc. Makes New $265,000 Investment in Dollar General Co. (NYSE:DG)

Probity Advisors Inc. acquired a new position in shares of Dollar General Co. (NYSE:DG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,501 shares of the company's stock, valued at approximately $265,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Dollar General by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 25,231,285 shares of the company's stock worth $1,913,036,000 after acquiring an additional 160,853 shares during the period. Pzena Investment Management LLC grew its position in Dollar General by 14.9% in the fourth quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company's stock valued at $892,199,000 after purchasing an additional 1,528,450 shares in the last quarter. Geode Capital Management LLC grew its position in Dollar General by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 5,361,216 shares of the company's stock valued at $405,425,000 after purchasing an additional 118,204 shares in the last quarter. First Eagle Investment Management LLC bought a new position in Dollar General in the fourth quarter valued at $399,433,000. Finally, ACR Alpine Capital Research LLC grew its position in Dollar General by 8,426.1% in the fourth quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company's stock valued at $306,424,000 after purchasing an additional 3,994,070 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DG has been the subject of a number of analyst reports. Bank of America raised their target price on shares of Dollar General from $100.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. 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 research report on Tuesday, April 8th. Telsey Advisory Group raised their target price on shares of Dollar General from $85.00 to $100.00 and gave the company a "market perform" rating in a research report on Tuesday, May 27th. Guggenheim lifted their price objective on shares of Dollar General from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, Melius Research raised shares of Dollar General from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $98.96.

Dollar General Stock Performance

NYSE DG traded up $0.10 during trading on Friday, reaching $97.17. The company's stock had a trading volume of 5,245,143 shares, compared to its average volume of 4,000,937. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $21.37 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth 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 $141.24. The firm has a 50 day moving average price of $92.58 and a 200 day moving average price of $81.45.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.51 by $0.17. The firm had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.83 EPS. As a group, equities analysts anticipate that Dollar General Co. will post 5.75 EPS for the current fiscal 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 issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date was Tuesday, April 8th. Dollar General's dividend payout ratio is currently 46.18%.

Insider Activity

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 shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the transaction, the executive vice president now directly owns 48,532 shares in the company, valued at approximately $4,596,951.04. The trade was a 1.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.56% of the company's stock.

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.