Tritonpoint Wealth LLC Buys Shares of 7,802 Dollar General Co. (NYSE:DG)

Tritonpoint Wealth LLC acquired a new position in shares of Dollar General Co. (NYSE:DG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,802 shares of the company's stock, valued at approximately $1,061,000.

Several other institutional investors have also bought and sold shares of DG. Resurgent Financial Advisors LLC purchased a new position in Dollar General in the second quarter valued at approximately $25,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Dollar General during the fourth quarter worth $25,000. Studio Investment Management LLC purchased a new stake in shares of Dollar General during the third quarter worth $26,000. First Manhattan Co. lifted its position in shares of Dollar General by 447.4% during the fourth quarter. First Manhattan Co. now owns 104 shares of the company's stock worth $26,000 after acquiring an additional 85 shares in the last quarter. Finally, Financial Freedom LLC purchased a new stake in shares of Dollar General during the fourth quarter worth $26,000. Hedge funds and other institutional investors own 91.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Oppenheimer restated a "market perform" rating on shares of Dollar General in a research report on Wednesday, March 6th. Raymond James raised their price objective on Dollar General from $150.00 to $165.00 and gave the company an "outperform" rating in a research note on Friday, March 15th. Piper Sandler reiterated a "neutral" rating and set a $147.00 target price (up from $127.00) on shares of Dollar General in a report on Friday, March 15th. Barclays upgraded shares of Dollar General from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $124.00 to $154.00 in a report on Thursday, January 4th. Finally, StockNews.com upgraded shares of Dollar General from a "sell" rating to a "hold" rating in a report on Wednesday, February 14th. Fifteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $152.96.

Insider Transactions at Dollar General

In other news, EVP Carman R. Wenkoff sold 5,909 shares of the firm's stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the transaction, the executive vice president now directly owns 28,579 shares of the company's stock, valued at $4,636,371.17. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.60% of the company's stock.

Dollar General Trading Up 0.3 %

NYSE:DG traded up $0.51 during mid-day trading on Friday, hitting $159.55. 2,614,311 shares of the stock traded hands, compared to its average volume of 2,606,089. The stock has a market capitalization of $35.05 billion, a price-to-earnings ratio of 21.10, a PEG ratio of 2.84 and a beta of 0.42. Dollar General Co. has a 52 week low of $101.09 and a 52 week high of $222.99. The firm's 50 day moving average is $146.69 and its two-hundred day moving average is $131.30. The company has a quick ratio of 0.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.92.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings results on Thursday, March 14th. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.74 by $0.09. The company had revenue of $9.86 billion for the quarter, compared to the consensus estimate of $9.77 billion. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The firm's revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.96 EPS. On average, equities research analysts predict that Dollar General Co. will post 7.28 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Monday, April 8th. Dollar General's dividend payout ratio (DPR) is presently 31.22%.

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.