Dollar General Co. (NYSE:DG) Shares Bought by OLD National Bancorp IN

OLD National Bancorp IN boosted its holdings in shares of Dollar General Co. (NYSE:DG) by 8.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,204 shares of the company’s stock after buying an additional 415 shares during the period. OLD National Bancorp IN’s holdings in Dollar General were worth $707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Dollar General by 18.9% during the 3rd quarter. Vanguard Group Inc. now owns 21,711,407 shares of the company’s stock valued at $2,297,067,000 after buying an additional 3,457,393 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Dollar General by 2.8% in the third quarter. Northern Trust Corp now owns 2,346,674 shares of the company’s stock valued at $248,278,000 after purchasing an additional 62,913 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Dollar General by 98.1% in the third quarter. The Manufacturers Life Insurance Company now owns 2,106,653 shares of the company’s stock valued at $222,884,000 after purchasing an additional 1,043,141 shares during the period. Invesco Ltd. increased its holdings in shares of Dollar General by 44.2% in the third quarter. Invesco Ltd. now owns 1,572,721 shares of the company’s stock valued at $166,394,000 after purchasing an additional 481,881 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Dollar General by 78.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,426,318 shares of the company’s stock valued at $150,904,000 after purchasing an additional 627,844 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DG. Piper Sandler reissued a “neutral” rating and issued a $147.00 price objective (up from $127.00) on shares of Dollar General in a report on Friday, March 15th. BMO Capital Markets raised their target price on Dollar General from $130.00 to $160.00 and gave the stock a “market perform” rating in a report on Friday, March 15th. Barclays raised Dollar General from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $124.00 to $154.00 in a report on Thursday, January 4th. Raymond James raised their target price on Dollar General from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Finally, Truist Financial raised their target price on Dollar General from $125.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, March 15th. Fifteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Dollar General has a consensus rating of “Hold” and a consensus price target of $153.08.

Insider Activity

In other news, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the sale, the director now directly owns 3,248 shares of the company’s stock, valued at $505,778.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total value of $958,617.07. Following the completion of the transaction, the executive vice president now directly owns 28,579 shares in the company, valued at $4,636,371.17. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the transaction, the director now owns 3,248 shares of the company’s stock, valued at $505,778.56. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Dollar General Price Performance

DG stock opened at $142.73 on Wednesday. The business has a fifty day moving average of $149.98 and a two-hundred day moving average of $135.07. The company has a quick ratio of 0.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.92. The stock has a market cap of $31.35 billion, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 2.55 and a beta of 0.42. Dollar General Co. has a 52-week low of $101.09 and a 52-week high of $222.99.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, March 14th. The company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.09. The company had revenue of $9.86 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.96 earnings per share. As a group, research analysts anticipate that Dollar General Co. will post 7.28 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were paid a $0.59 dividend. The ex-dividend date of this dividend was Monday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.65%. Dollar General’s payout ratio is presently 31.22%.

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.