3,231 Shares in Dollar General Co. (NYSE:DG) Acquired by Forum Financial Management LP

Forum Financial Management LP purchased a new position in Dollar General Co. (NYSE:DG - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 3,231 shares of the company's stock, valued at approximately $245,000.

A number of other large investors also recently bought and sold shares of DG. First Eagle Investment Management LLC bought a new position in shares of Dollar General during the fourth quarter valued at $399,433,000. ACR Alpine Capital Research LLC increased its stake in Dollar General by 8,426.1% during the 4th 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. Norges Bank purchased a new position in Dollar General in the fourth quarter worth about $140,421,000. Pzena Investment Management LLC lifted its stake in shares of Dollar General by 14.9% in the fourth quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company's stock worth $892,199,000 after buying an additional 1,528,450 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Dollar General by 32.1% during the fourth quarter. Invesco Ltd. now owns 3,380,501 shares of the company's stock valued at $256,310,000 after buying an additional 821,608 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Piper Sandler upped their price objective on Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a research report on Friday, March 14th. Citigroup raised Dollar General from a "sell" rating to a "neutral" rating and upped their price target for the company from $69.00 to $101.00 in a report on Monday, April 7th. Telsey Advisory Group reiterated a "market perform" rating and issued a $85.00 price objective on shares of Dollar General in a report on Thursday, March 13th. Melius upgraded shares of Dollar General from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a research note on Tuesday, April 8th. Finally, Morgan Stanley reduced their price target on shares of Dollar General from $100.00 to $80.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Dollar General has an average rating of "Hold" and a consensus target price of $94.75.

Insider Activity

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 transaction, the executive vice president now 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 legal filing with the SEC, which is available at this link. Corporate insiders own 0.56% of the company's stock.

Dollar General Price Performance

NYSE:DG traded down $1.76 during trading hours on Monday, reaching $91.80. The stock had a trading volume of 819,474 shares, compared to its average volume of 3,915,226. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The stock has a market capitalization of $20.19 billion, a PE ratio of 15.14, a PEG ratio of 2.18 and a beta of 0.40. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $147.87. The company has a 50 day moving average price of $84.29 and a two-hundred day moving average price of $78.83.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings results 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. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. 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 prior year, the firm earned $1.83 earnings per share. Dollar General's revenue was up 4.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current fiscal 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 issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date was Tuesday, April 8th. 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.