Polar Asset Management Partners Inc. Makes New $5 Million Investment in Dollar General Co. (NYSE:DG)

Polar Asset Management Partners Inc. purchased a new stake in Dollar General Co. (NYSE:DG - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 66,000 shares of the company's stock, valued at approximately $5,004,000.

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

Insider Buying and Selling at Dollar General

In other news, EVP Emily C. Taylor sold 809 shares of the stock in a transaction on Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the transaction, the executive vice president now 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 filing with the SEC, which can be accessed 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 research analyst reports. Citigroup raised Dollar General from a "sell" rating to a "neutral" rating and increased their target price for the stock from $69.00 to $101.00 in a report on Monday, April 7th. Truist Financial upped their price target on shares of Dollar General from $76.00 to $93.00 and gave the stock a "hold" rating in a research report on Tuesday, April 8th. Telsey Advisory Group reissued a "market perform" rating and issued a $85.00 price objective on shares of Dollar General in a report on Thursday, March 13th. Melius upgraded shares of Dollar General from a "hold" rating to a "buy" rating and set a $110.00 price target on the stock in a research report on Tuesday, April 8th. Finally, Bank of America decreased their target price on Dollar General from $95.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, March 14th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $95.48.

Dollar General Stock Up 5.0%

DG stock traded up $4.68 during midday trading on Monday, reaching $98.23. The company had a trading volume of 4,707,384 shares, compared to its average volume of 4,003,561. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $147.79. The company has a 50 day moving average of $88.81 and a two-hundred day moving average of $79.95. The company has a market capitalization of $21.61 billion, a P/E ratio of 16.18, a PEG ratio of 2.18 and a beta of 0.27.

Dollar General (NYSE:DG - Get Free Report) last posted its earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $10.26 billion. During the same period in the prior year, the business posted $1.83 earnings per share. The business's quarterly revenue was up 4.5% on a year-over-year basis. On average, equities research analysts expect that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

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

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.