Tower Research Capital LLC TRC Acquires 16,188 Shares of Dollar General Co. (NYSE:DG)

Tower Research Capital LLC TRC boosted its holdings in Dollar General Co. (NYSE:DG - Free Report) by 291.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,744 shares of the company's stock after purchasing an additional 16,188 shares during the period. Tower Research Capital LLC TRC's holdings in Dollar General were worth $1,649,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DG. First Eagle Investment Management LLC purchased a new position in Dollar General in the fourth quarter valued at approximately $399,433,000. ACR Alpine Capital Research LLC boosted its holdings in Dollar General by 8,426.1% in the 4th quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company's stock worth $306,424,000 after buying an additional 3,994,070 shares during the period. Norges Bank bought a new stake in Dollar General during the 4th quarter valued at $140,421,000. Pzena Investment Management LLC lifted its position in shares of Dollar General by 14.9% during the fourth quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company's stock worth $892,199,000 after acquiring an additional 1,528,450 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Dollar General by 32.1% in the fourth quarter. Invesco Ltd. now owns 3,380,501 shares of the company's stock worth $256,310,000 after acquiring an additional 821,608 shares during the period. Institutional investors own 91.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DG shares. Gordon Haskett cut Dollar General from a "hold" rating to a "reduce" rating in a report on Wednesday, April 9th. Piper Sandler raised their price objective on shares of Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a research report on Friday, March 14th. Citigroup raised shares of Dollar General from a "sell" rating to a "neutral" rating and upped their target price for the stock from $69.00 to $101.00 in a report on Monday, April 7th. Melius upgraded shares of Dollar General from a "hold" rating to a "buy" rating and set a $110.00 price target for the company in a research report on Tuesday, April 8th. Finally, Barclays lowered their price objective on Dollar General from $102.00 to $100.00 and set an "overweight" rating on the stock in a research report on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $94.75.

Insider Transactions at Dollar General

In other news, EVP Emily C. Taylor sold 809 shares of the stock in a transaction that occurred 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 transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.56% of the company's stock.

Dollar General Trading Up 0.1 %

NYSE:DG traded up $0.08 during trading hours on Tuesday, reaching $92.54. The company's stock had a trading volume of 365,104 shares, compared to its average volume of 3,909,781. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The firm has a market capitalization of $20.35 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 2.18 and a beta of 0.40. The firm has a 50-day simple moving average of $84.62 and a 200-day simple moving average of $78.90. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $147.87.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.51 by $0.17. The business had revenue of $10.30 billion during 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 prior year, the company posted $1.83 EPS. Research analysts expect that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were issued a $0.59 dividend. The ex-dividend date was Tuesday, April 8th. This represents a $2.36 annualized dividend and a yield of 2.55%. Dollar General's dividend payout ratio (DPR) is presently 46.18%.

Dollar General Company 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.