Jacobs Levy Equity Management Inc. Takes $1.35 Million Position in Dollar General Co. (NYSE:DG)

Jacobs Levy Equity Management Inc. bought a new stake in Dollar General Co. (NYSE:DG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 17,792 shares of the company's stock, valued at approximately $1,349,000.

A number of other institutional investors and hedge funds also recently modified their holdings of DG. First Eagle Investment Management LLC bought a new position in shares of Dollar General in the fourth quarter worth $399,433,000. ACR Alpine Capital Research LLC lifted its holdings 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 worth $306,424,000 after purchasing an additional 3,994,070 shares in the last quarter. Norges Bank purchased a new position in Dollar General during the 4th quarter valued at about $140,421,000. Pzena Investment Management LLC boosted its position 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 valued at $892,199,000 after acquiring an additional 1,528,450 shares during the period. Finally, Invesco Ltd. lifted its stake in Dollar General by 32.1% in the 4th quarter. Invesco Ltd. now owns 3,380,501 shares of the company's stock worth $256,310,000 after purchasing an additional 821,608 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dollar General

In related news, EVP Emily C. Taylor sold 809 shares of the stock in a transaction 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 directly owns 48,532 shares of the company's stock, valued at $4,596,951.04. This trade represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.56% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DG. Bank of America decreased their target price on Dollar General from $95.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. Guggenheim increased their price target on shares of Dollar General from $100.00 to $105.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $80.00 price objective (down from $90.00) on shares of Dollar General in a report on Monday, March 3rd. Truist Financial raised their price target on Dollar General from $76.00 to $93.00 and gave the company a "hold" rating in a research report on Tuesday, April 8th. Finally, Gordon Haskett cut Dollar General from a "hold" rating to a "reduce" rating in a report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, fourteen have given 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.com, the stock has a consensus rating of "Hold" and an average target price of $95.48.

Dollar General Stock Up 4.0%

Dollar General stock traded up $3.94 during trading hours on Tuesday, hitting $102.12. 6,806,694 shares of the stock traded hands, compared to its average volume of 4,014,755. Dollar General Co. has a one year low of $66.43 and a one year high of $147.79. The firm's 50-day moving average price is $89.28 and its two-hundred day moving average price is $80.07. 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 company has a market cap of $22.46 billion, a PE ratio of 16.82, a PEG ratio of 2.18 and a beta of 0.27.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $10.26 billion. During the same period last year, the business earned $1.83 EPS. Dollar General's quarterly revenue was up 4.5% compared to the same quarter last year. On average, research analysts forecast that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were given a $0.59 dividend. The ex-dividend date was Tuesday, April 8th. This represents a $2.36 annualized dividend and a yield of 2.31%. Dollar General's dividend payout ratio (DPR) is presently 46.18%.

Dollar General 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.