Syon Capital LLC Buys New Holdings in Dollar General Co. (NYSE:DG)

Syon Capital LLC purchased a new position in Dollar General Co. (NYSE:DG) during the fourth quarter, HoldingsChannel reports. The fund purchased 2,475 shares of the company’s stock, valued at approximately $337,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DG. Channing Global Advisors LLC boosted its position in shares of Dollar General by 65.3% during the fourth quarter. Channing Global Advisors LLC now owns 23,264 shares of the company’s stock worth $3,163,000 after acquiring an additional 9,193 shares during the last quarter. South Dakota Investment Council lifted its stake in Dollar General by 16.0% in the 4th quarter. South Dakota Investment Council now owns 138,954 shares of the company’s stock worth $18,891,000 after purchasing an additional 19,148 shares in the last quarter. First National Bank Sioux Falls bought a new position in shares of Dollar General during the 4th quarter valued at about $348,000. GAMMA Investing LLC purchased a new position in shares of Dollar General during the fourth quarter valued at about $314,000. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Dollar General by 57.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 744 shares of the company’s stock worth $101,000 after purchasing an additional 272 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DG has been the subject of a number of research reports. Morgan Stanley increased their price target on Dollar General from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. Evercore ISI lowered their target price on Dollar General from $162.00 to $160.00 and set an “in-line” rating for the company in a research report on Tuesday, April 2nd. Piper Sandler restated a “neutral” rating and issued a $147.00 price target (up previously from $127.00) on shares of Dollar General in a research report on Friday, March 15th. StockNews.com upgraded shares of Dollar General from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Finally, Barclays raised shares of Dollar General from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $124.00 to $154.00 in a research note on Thursday, January 4th. Fifteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and a consensus target price of $153.08.

Dollar General Trading Down 0.4 %

DG opened at $142.07 on Friday. Dollar General Co. has a 52 week low of $101.09 and a 52 week high of $222.99. 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 business has a fifty day simple moving average of $150.37 and a 200-day simple moving average of $135.67. The firm has a market cap of $31.21 billion, a P/E ratio of 18.79, a P/E/G ratio of 2.54 and a beta of 0.42.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, March 14th. The company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.09. The business had revenue of $9.86 billion for the quarter, compared to analyst estimates of $9.77 billion. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The company’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.96 earnings per share. On average, equities analysts expect that Dollar General Co. will post 7.28 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.66%. The ex-dividend date was Monday, April 8th. Dollar General’s dividend payout ratio (DPR) is presently 31.22%.

Insider Buying and Selling at Dollar General

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

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.