Dollar General Co. (NYSE:DG) Stock Position Raised by Man Group plc

Man Group plc increased its position in shares of Dollar General Co. (NYSE:DG - Free Report) by 63.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,407,706 shares of the company's stock after acquiring an additional 546,193 shares during the quarter. Man Group plc owned approximately 0.64% of Dollar General worth $106,732,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of DG. IMG Wealth Management Inc. acquired a new stake in Dollar General during the fourth quarter worth approximately $25,000. Altshuler Shaham Ltd acquired a new stake in Dollar General during the fourth quarter worth approximately $25,000. Providence First Trust Co acquired a new stake in Dollar General during the fourth quarter worth approximately $33,000. Bogart Wealth LLC boosted its position in Dollar General by 279.8% during the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company's stock worth $37,000 after acquiring an additional 361 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new stake in Dollar General during the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 91.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages 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 report on Tuesday, April 8th. The Goldman Sachs Group decreased their price target on shares of Dollar General from $104.00 to $93.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. Morgan Stanley decreased their price target on shares of Dollar General from $100.00 to $80.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 21st. UBS Group decreased their price target on shares of Dollar General from $108.00 to $95.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $85.00 price target on shares of Dollar General in a report on Thursday, March 13th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $95.16.

Insider Transactions at Dollar General

In other news, EVP Emily C. Taylor sold 809 shares of the business'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 completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.56% of the company's stock.

Dollar General Stock Up 0.6%

Dollar General stock traded up $0.56 during midday trading on Friday, hitting $93.55. 2,562,577 shares of the stock were exchanged, compared to its average volume of 3,995,693. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $147.79. The firm has a market cap of $20.58 billion, a P/E ratio of 15.41, a P/E/G 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. The company has a 50 day moving average price of $88.81 and a two-hundred day moving average price of $79.95.

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, 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 firm 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 firm posted $1.83 EPS. The firm's quarterly revenue was up 4.5% on a year-over-year basis. On average, sell-side analysts predict that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a 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%.

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.