First Manhattan CO. LLC. Takes $757,000 Position in Dollar General Co. (NYSE:DG)

First Manhattan CO. LLC. acquired a new stake in Dollar General Co. (NYSE:DG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 9,983 shares of the company's stock, valued at approximately $757,000.

Several other hedge funds also recently modified their holdings of DG. IMG Wealth Management Inc. bought a new position in shares of Dollar General in the 4th quarter valued at about $25,000. Altshuler Shaham Ltd acquired a new stake in Dollar General in the 4th quarter valued at about $25,000. Wilmington Savings Fund Society FSB acquired a new stake in Dollar General in the 3rd quarter valued at about $33,000. Providence First Trust Co acquired a new stake in Dollar General in the 4th quarter valued at about $33,000. Finally, Bogart Wealth LLC lifted 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 during the last quarter. Institutional investors own 91.77% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on DG. UBS Group cut their target price on shares of Dollar General from $108.00 to $95.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Melius upgraded shares of Dollar General from a "hold" rating to a "buy" rating and set a $110.00 target price for the company in a research note on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $80.00 target price (down from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. Gordon Haskett downgraded shares of Dollar General from a "hold" rating to a "reduce" rating in a research note on Wednesday, April 9th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $85.00 price objective on shares of Dollar General in a research report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $95.16.

Insider Activity at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the business's stock in a transaction on Friday, April 4th. The shares were 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 approximately $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 SEC, which can be accessed through the SEC website. 0.56% of the stock is currently owned by insiders.

Dollar General Stock Performance

Shares of NYSE:DG opened at $91.70 on Monday. The company's 50 day simple moving average is $87.67 and its 200 day simple moving average is $79.60. The stock has a market capitalization of $20.17 billion, a price-to-earnings ratio of 15.11, a price-to-earnings-growth ratio of 2.18 and a beta of 0.27. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $147.87.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.51 by $0.17. The business had revenue of $10.30 billion for the quarter, compared to analysts' expectations of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $1.83 earnings per share. As a group, research analysts predict that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.57%. Dollar General's dividend payout ratio (DPR) is 46.18%.

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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