Schonfeld Strategic Advisors LLC Has $21 Million Stake in Dollar General Co. (NYSE:DG)

Schonfeld Strategic Advisors LLC raised its position in Dollar General Co. (NYSE:DG - Free Report) by 2,480.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 276,981 shares of the company's stock after purchasing an additional 266,248 shares during the quarter. Schonfeld Strategic Advisors LLC owned 0.13% of Dollar General worth $21,001,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DG. Altshuler Shaham Ltd bought a new stake in shares of Dollar General in the fourth quarter worth $25,000. IMG Wealth Management Inc. acquired a new position in shares of Dollar General during the 4th quarter worth approximately $25,000. Wilmington Savings Fund Society FSB bought a new position in shares of Dollar General in the third quarter valued at $33,000. Providence First Trust Co bought a new stake in shares of Dollar General in the 4th quarter valued at about $33,000. Finally, Bogart Wealth LLC lifted its stake in Dollar General by 279.8% in the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company's stock valued at $37,000 after purchasing an additional 361 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the company's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the sale, the executive vice president now owns 48,532 shares of the company's stock, valued at approximately $4,596,951.04. This represents a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.56% of the stock is owned by corporate insiders.

Dollar General Price Performance

Dollar General stock traded down $0.31 during mid-day trading on Friday, reaching $90.24. The company had a trading volume of 3,769,986 shares, compared to its average volume of 3,950,913. The business has a fifty day simple moving average of $85.77 and a 200 day simple moving average of $79.25. The company has a market cap of $19.85 billion, a P/E ratio of 14.87, a P/E/G ratio of 2.18 and a beta of 0.40. 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 fifty-two week low of $66.43 and a fifty-two week high of $147.87.

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

Dollar General Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend was Tuesday, April 8th. Dollar General's payout ratio is currently 46.18%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DG. Morgan Stanley reduced their target price on Dollar General from $100.00 to $80.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 21st. Gordon Haskett lowered shares of Dollar General from a "hold" rating to a "reduce" rating in a research report on Wednesday, April 9th. UBS Group cut their target price on shares of Dollar General from $108.00 to $95.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. The Goldman Sachs Group decreased their price objective on Dollar General from $104.00 to $93.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $80.00 target price (down from $90.00) on shares of Dollar General in a report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Dollar General presently has a consensus rating of "Hold" and an average price target of $94.75.

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.