Simplicity Wealth LLC Invests $1.46 Million in Dollar General Co. (NYSE:DG)

Simplicity Wealth LLC purchased a new stake in Dollar General Co. (NYSE:DG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,328 shares of the company's stock, valued at approximately $1,456,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Dollar General by 162.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,185,887 shares of the company's stock valued at $2,472,372,000 after acquiring an additional 11,257,537 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Dollar General by 18.9% during the third quarter. Vanguard Group Inc. now owns 21,711,407 shares of the company's stock worth $2,297,067,000 after purchasing an additional 3,457,393 shares in the last quarter. Norges Bank purchased a new stake in shares of Dollar General in the fourth quarter worth about $337,150,000. Capital International Investors grew its stake in shares of Dollar General by 13.9% in the fourth quarter. Capital International Investors now owns 18,676,538 shares of the company's stock valued at $2,539,026,000 after buying an additional 2,273,119 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Dollar General by 98.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,106,653 shares of the company's stock valued at $222,884,000 after buying an additional 1,043,141 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Ralph Santana sold 3,009 shares of the firm's stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total transaction of $468,561.48. Following the transaction, the director now directly owns 3,248 shares of the company's stock, valued at $505,778.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Ralph Santana sold 3,009 shares of the business's stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total transaction of $468,561.48. Following the sale, the director now owns 3,248 shares of the company's stock, valued at $505,778.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Carman R. Wenkoff sold 5,909 shares of the stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total value 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 disclosure for this sale can be found here. Corporate insiders own 0.49% of the company's stock.

Dollar General Stock Performance

Shares of NYSE:DG traded down $4.30 during trading on Monday, hitting $137.83. 1,799,411 shares of the company traded hands, compared to its average volume of 2,285,929. The company has a quick ratio of 0.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.92. The business's fifty day moving average is $147.78 and its 200-day moving average is $138.55. The stock has a market capitalization of $30.28 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 2.54 and a beta of 0.44. Dollar General Co. has a one year low of $101.09 and a one year high of $214.21.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings data on Thursday, March 14th. The company reported $1.83 EPS for the quarter, topping analysts' consensus estimates of $1.74 by $0.09. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The firm had revenue of $9.86 billion during the quarter, compared to the consensus estimate of $9.77 billion. During the same period in the prior year, the business earned $2.96 EPS. The firm's revenue was down 3.4% on a year-over-year basis. As a group, equities analysts predict that Dollar General Co. will post 7.28 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 23rd. Shareholders of record on Tuesday, April 9th were paid a $0.59 dividend. The ex-dividend date was Monday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 1.71%. Dollar General's payout ratio is currently 31.22%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DG shares. The Goldman Sachs Group upped their price target on Dollar General from $147.00 to $169.00 and gave the stock a "buy" rating in a report on Friday, March 15th. Argus upped their target price on shares of Dollar General from $160.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, March 28th. Piper Sandler reaffirmed a "neutral" rating and set a $147.00 price target (up previously from $127.00) on shares of Dollar General in a research note on Friday, March 15th. Oppenheimer reissued a "market perform" rating on shares of Dollar General in a research report on Wednesday, March 6th. Finally, Raymond James raised their target price on Dollar General from $150.00 to $165.00 and gave the company an "outperform" rating in a research note on Friday, March 15th. Fifteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Dollar General currently has a consensus rating of "Hold" and an average target price of $153.08.

Dollar General 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.

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