Natixis Boosts Stock Position in Dollar General Co. (NYSE:DG)

Natixis boosted its holdings in Dollar General Co. (NYSE:DG - Free Report) by 50.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 235,660 shares of the company's stock after buying an additional 79,268 shares during the quarter. Natixis owned 0.11% of Dollar General worth $17,868,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new stake in shares of Dollar General during the 4th quarter valued at about $57,000. Eagle Rock Investment Company LLC raised its position in Dollar General by 16.3% in the fourth quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company's stock worth $2,186,000 after acquiring an additional 4,048 shares during the period. Leibman Financial Services Inc. purchased a new position in shares of Dollar General during the 4th quarter worth $2,018,000. DAVENPORT & Co LLC grew its position in shares of Dollar General by 5,624.9% during the 4th quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company's stock valued at $24,385,000 after acquiring an additional 316,005 shares during the period. Finally, Matrix Asset Advisors Inc. NY purchased a new stake in shares of Dollar General in the 4th quarter worth $6,158,000. Institutional investors own 91.77% of the company's stock.

Analysts Set New Price Targets

DG has been the subject of a number of recent analyst reports. Telsey Advisory Group reiterated a "market perform" rating and issued a $85.00 price target on shares of Dollar General in a research report on Thursday, March 13th. Truist Financial raised their target price on shares of Dollar General from $76.00 to $93.00 and gave the company a "hold" rating in a research note on Tuesday, April 8th. UBS Group dropped their price objective on shares of Dollar General from $108.00 to $95.00 and set a "buy" rating for the company in a report on Thursday, March 6th. 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 report on Monday, March 3rd. Finally, Gordon Haskett cut Dollar General from a "hold" rating to a "reduce" rating in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Dollar General has an average rating of "Hold" and an average target price of $94.75.

Insider Transactions at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the firm's stock in a transaction on Friday, April 4th. The stock was 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.56% of the company's stock.

Dollar General Stock Up 0.5 %

NYSE:DG traded up $0.45 during mid-day trading on Friday, hitting $94.26. 1,609,755 shares of the company's stock traded hands, compared to its average volume of 3,901,636. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $147.87. 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 company has a market capitalization of $20.73 billion, a P/E ratio of 15.49, a P/E/G ratio of 2.18 and a beta of 0.40. The company has a fifty day moving average of $83.91 and a 200 day moving average of $78.82.

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 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 firm had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.26 billion. During the same period in the previous year, the company earned $1.83 earnings per share. The business's quarterly revenue was up 4.5% compared to the same quarter last year. On average, analysts forecast that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend was Tuesday, April 8th. Dollar General's dividend payout ratio is currently 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.