Dollar General Co. (NYSE:DG) Shares Bought by LRT Capital Management LLC

LRT Capital Management LLC boosted its stake in Dollar General Co. (NYSE:DG - Free Report) by 57.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,554 shares of the company's stock after buying an additional 9,662 shares during the period. Dollar General accounts for approximately 1.6% of LRT Capital Management LLC's portfolio, making the stock its 21st largest position. LRT Capital Management LLC's holdings in Dollar General were worth $2,013,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Altshuler Shaham Ltd purchased a new position in Dollar General during the fourth quarter valued at $25,000. IMG Wealth Management Inc. purchased a new position in shares of Dollar General in the 4th quarter worth about $25,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Dollar General in the 3rd quarter worth about $33,000. Providence First Trust Co bought a new position in Dollar General in the 4th quarter worth about $33,000. Finally, Bogart Wealth LLC grew its position in Dollar General by 279.8% during 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. Hedge funds and other institutional investors own 91.77% of the company's stock.

Insider Activity

In other news, EVP Emily C. Taylor sold 809 shares of the firm's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the sale, the executive vice president now directly owns 48,532 shares in the company, valued at approximately $4,596,951.04. This trade represents a 1.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.56% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DG. 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. Gordon Haskett downgraded Dollar General from a "hold" rating to a "reduce" rating in a research note on Wednesday, April 9th. Truist Financial lifted their target price on Dollar General from $76.00 to $93.00 and gave the stock a "hold" rating in a report on Tuesday, April 8th. UBS Group lowered their price target on Dollar General from $108.00 to $95.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. Finally, Melius Research upgraded Dollar General from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Dollar General presently has an average rating of "Hold" and an average target price of $95.16.

Dollar General Price Performance

Shares of NYSE:DG traded up $0.66 during trading on Friday, hitting $93.65. 1,529,558 shares of the company's stock were exchanged, compared to its average volume of 4,100,475. The business's 50-day simple moving average is $88.51 and its 200 day simple moving average is $79.85. The company has a market cap of $20.60 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 2.18 and a beta of 0.27. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $147.79. 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 (NYSE:DG - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $10.30 billion for the quarter, compared to analysts' expectations of $10.26 billion. During the same quarter last year, the business posted $1.83 earnings per share. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, equities analysts predict that Dollar General Co. will post 5.75 EPS for the current 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 2.52%. The ex-dividend date of this dividend was Tuesday, April 8th. Dollar General's dividend payout ratio (DPR) 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.