7,450 Shares in Dollar General Co. (NYSE:DG) Bought by Quarry LP

Quarry LP purchased a new position in Dollar General Co. (NYSE:DG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,450 shares of the company's stock, valued at approximately $565,000.

Several other hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of Dollar General in the fourth quarter worth about $57,000. Eagle Rock Investment Company LLC increased its position in Dollar General by 16.3% during the fourth quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company's stock worth $2,186,000 after buying an additional 4,048 shares during the last quarter. Leibman Financial Services Inc. acquired a new position in Dollar General during the fourth quarter worth $2,018,000. DAVENPORT & Co LLC grew its position in shares of Dollar General by 5,624.9% in the fourth quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company's stock valued at $24,385,000 after purchasing an additional 316,005 shares during the last quarter. Finally, Matrix Asset Advisors Inc. NY acquired a new stake in shares of Dollar General in the fourth quarter valued at about $6,158,000. 91.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Melius Research upgraded shares of Dollar General from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Barclays cut their price target on Dollar General from $102.00 to $100.00 and set an "overweight" rating on the stock in a research note on Thursday, January 9th. Melius raised Dollar General from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a research note on Tuesday, April 8th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $85.00 price target on shares of Dollar General in a research report on Thursday, March 13th. Finally, Gordon Haskett downgraded Dollar General from a "hold" rating to a "reduce" rating in a report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Dollar General has an average rating of "Hold" and a consensus target price of $94.75.

Insider Activity at Dollar General

In related news, EVP Emily C. Taylor sold 809 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the transaction, the executive vice president now owns 48,532 shares of the company's stock, valued at $4,596,951.04. This trade represents a 1.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.56% of the stock is currently owned by company insiders.

Dollar General Stock Performance

Shares of DG stock traded up $0.36 during trading hours on Wednesday, hitting $93.69. 3,587,901 shares of the company were exchanged, compared to its average volume of 3,931,890. The firm has a fifty day simple moving average of $84.97 and a 200 day simple moving average of $79.00. 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 52-week low of $66.43 and a 52-week high of $147.87. The stock has a market capitalization of $20.61 billion, a price-to-earnings ratio of 15.43, a P/E/G ratio of 2.18 and a beta of 0.40.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $10.26 billion. During the same period last year, the firm earned $1.83 EPS. The business's quarterly revenue was up 4.5% compared to the same quarter last year. Research analysts predict that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th were issued 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 2.52%. Dollar General's dividend payout ratio is currently 46.18%.

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.