Dollar General Co. (NYSE:DG) Shares Sold by Tobam

Tobam decreased its position in shares of Dollar General Co. (NYSE:DG - Free Report) by 8.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 108,077 shares of the company's stock after selling 9,714 shares during the period. Tobam's holdings in Dollar General were worth $14,693,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Dollar General in the 4th quarter worth about $169,000. Dearborn Partners LLC boosted its stake in Dollar General by 13.9% during the fourth quarter. Dearborn Partners LLC now owns 6,609 shares of the company's stock worth $898,000 after acquiring an additional 807 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Dollar General by 8.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 313,750 shares of the company's stock worth $42,654,000 after purchasing an additional 25,690 shares during the period. HBK Sorce Advisory LLC increased its stake in shares of Dollar General by 46.5% during the fourth quarter. HBK Sorce Advisory LLC now owns 12,542 shares of the company's stock valued at $1,705,000 after purchasing an additional 3,979 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of Dollar General during the fourth quarter valued at approximately $18,861,000. Hedge funds and other institutional investors own 91.77% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Truist Financial upped their price target on Dollar General from $125.00 to $140.00 and gave the stock a "hold" rating in a research note on Friday, March 15th. Argus raised their price target on Dollar General from $160.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, March 28th. The Goldman Sachs Group upped their price target on shares of Dollar General from $147.00 to $169.00 and gave the stock a "buy" rating in a research note on Friday, March 15th. Telsey Advisory Group restated an "outperform" rating and set a $170.00 price objective on shares of Dollar General in a research note on Tuesday, April 2nd. Finally, StockNews.com raised 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.

Dollar General Price Performance

Shares of DG stock traded down $3.36 on Tuesday, hitting $153.38. 2,645,795 shares of the stock traded hands, compared to its average volume of 2,420,635. The firm has a market cap of $33.69 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 2.85 and a beta of 0.42. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.19 and a quick ratio of 0.15. The firm has a 50 day simple moving average of $147.58 and a two-hundred day simple moving average of $132.18. Dollar General Co. has a 52 week low of $101.09 and a 52 week high of $222.99.

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

Dollar General Dividend Announcement

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 issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Monday, April 8th. Dollar General's dividend payout ratio (DPR) is presently 31.22%.

Insider Activity at Dollar General

In other news, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $162.23, for a total value of $958,617.07. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is currently owned by corporate insiders.

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.