Point72 Hong Kong Ltd Makes New $735,000 Investment in Dollar General Co. (NYSE:DG)

Point72 Hong Kong Ltd acquired a new stake in Dollar General Co. (NYSE:DG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 9,692 shares of the company's stock, valued at approximately $735,000.

Other large investors have also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. acquired a new position in shares of Dollar General in the fourth quarter worth $25,000. Altshuler Shaham Ltd purchased a new position in Dollar General in the fourth quarter valued at $25,000. Providence First Trust Co acquired a new position in Dollar General during the 4th quarter worth $33,000. Bogart Wealth LLC increased its holdings in Dollar General by 279.8% during the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company's stock worth $37,000 after purchasing an additional 361 shares during the period. Finally, OFI Invest Asset Management acquired a new stake in Dollar General in the 4th quarter valued at about $37,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Price Performance

Shares of Dollar General stock traded up $4.68 during trading on Monday, hitting $98.23. 4,707,384 shares of the company were exchanged, compared to its average volume of 4,003,561. The firm has a 50 day moving average price of $88.81 and a 200 day moving average price of $79.95. The stock has a market capitalization of $21.61 billion, a price-to-earnings ratio of 16.18, a P/E/G ratio of 2.18 and a beta of 0.27. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $147.79.

Dollar General (NYSE:DG - Get Free Report) last released its earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.51 by $0.17. The company had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm's quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.83 EPS. On average, equities analysts expect that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date was Tuesday, April 8th. Dollar General's dividend payout ratio is currently 46.18%.

Insider Transactions at Dollar General

In related news, EVP Emily C. Taylor sold 809 shares of the 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 in the company, valued at approximately $4,596,951.04. This represents a 1.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.56% of the company's stock.

Analyst Upgrades and Downgrades

DG has been the topic of a number of recent analyst reports. Telsey Advisory Group reissued a "market perform" rating and issued a $85.00 price objective on shares of Dollar General in a research report on Thursday, March 13th. UBS Group decreased their target price on Dollar General from $108.00 to $95.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Morgan Stanley raised their price objective on shares of Dollar General from $80.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Monday. Truist Financial boosted their target price on Dollar General from $76.00 to $93.00 and gave the company a "hold" rating in a report on Tuesday, April 8th. Finally, Piper Sandler increased their price target on shares of Dollar General from $79.00 to $81.00 and gave the stock a "neutral" rating in a report on Friday, March 14th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Dollar General presently has a consensus rating of "Hold" and a consensus price target of $95.48.

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.