Teza Capital Management LLC Purchases 10,106 Shares of Dollar General Co. (NYSE:DG)

Teza Capital Management LLC lifted its stake in Dollar General Co. (NYSE:DG - Free Report) by 22.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,506 shares of the company's stock after purchasing an additional 10,106 shares during the period. Dollar General comprises about 0.6% of Teza Capital Management LLC's holdings, making the stock its 25th largest holding. Teza Capital Management LLC's holdings in Dollar General were worth $4,208,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. IMG Wealth Management Inc. purchased a new stake in shares of Dollar General in the 4th quarter valued at about $25,000. Altshuler Shaham Ltd purchased a new position in shares of Dollar General during the 4th quarter worth approximately $25,000. Providence First Trust Co purchased a new position in shares of Dollar General during the 4th quarter worth approximately $33,000. Bogart Wealth LLC increased its stake in Dollar General by 279.8% in the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company's stock valued at $37,000 after purchasing an additional 361 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new position in Dollar General in the 4th quarter valued at approximately $37,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DG. Gordon Haskett cut Dollar General from a "hold" rating to a "reduce" rating in a report on Wednesday, April 9th. Guggenheim lifted their target price on Dollar General from $100.00 to $105.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Telsey Advisory Group reiterated a "market perform" rating and set a $85.00 target price on shares of Dollar General in a report on Thursday, March 13th. Piper Sandler lifted their price objective on Dollar General from $79.00 to $81.00 and gave the stock a "neutral" rating in a report on Friday, March 14th. Finally, Bank of America dropped their price objective on Dollar General from $95.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, March 14th. One equities research 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. Based on data from MarketBeat, Dollar General currently has an average rating of "Hold" and a consensus price target of $95.48.

Insider Activity at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the company's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $94.72, for a total value of $76,628.48. Following the transaction, the executive vice president now directly owns 48,532 shares of the company's stock, valued at $4,596,951.04. This represents a 1.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.56% of the stock is owned by insiders.

Dollar General Price Performance

Shares of DG traded down $1.39 during midday trading on Wednesday, reaching $100.81. The stock had a trading volume of 2,964,473 shares, compared to its average volume of 4,022,586. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $145.94. 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 firm's 50 day moving average price is $89.72 and its 200-day moving average price is $80.22. The company has a market capitalization of $22.17 billion, a P/E ratio of 16.61, a P/E/G ratio of 2.18 and a beta of 0.27.

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

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend was Tuesday, April 8th. Dollar General's dividend 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.