Two Sigma Securities LLC purchased a new position in Dollar General Corporation (NYSE:DG – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,978 shares of the company’s stock, valued at approximately $458,000.
A number of other large investors also recently modified their holdings of DG. Parkside Financial Bank & Trust raised its stake in Dollar General by 9.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 808 shares of the company’s stock valued at $107,000 after buying an additional 69 shares in the last quarter. BOKF NA raised its holdings in Dollar General by 15.2% during the fourth quarter. BOKF NA now owns 554 shares of the company’s stock worth $74,000 after purchasing an additional 73 shares in the last quarter. Strata Wealth Advisors LLC lifted its position in shares of Dollar General by 3.3% during the 4th quarter. Strata Wealth Advisors LLC now owns 2,367 shares of the company’s stock worth $314,000 after buying an additional 75 shares during the last quarter. Optimize Financial Inc boosted its holdings in shares of Dollar General by 1.4% in the 4th quarter. Optimize Financial Inc now owns 5,550 shares of the company’s stock valued at $737,000 after buying an additional 76 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC grew its position in shares of Dollar General by 69.3% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 193 shares of the company’s stock valued at $26,000 after buying an additional 79 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.
Dollar General Price Performance
Shares of NYSE DG opened at $130.91 on Thursday. The stock has a fifty day moving average price of $122.27 and a 200 day moving average price of $122.62. Dollar General Corporation has a 1-year low of $95.11 and a 1-year high of $158.23. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.21 and a quick ratio of 0.31. The company has a market cap of $28.88 billion, a PE ratio of 17.02, a P/E/G ratio of 1.79 and a beta of 0.23.
Dollar General Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Tuesday, October 6th will be given a $0.59 dividend. The ex-dividend date is Tuesday, October 6th. This represents a $2.36 dividend on an annualized basis and a yield of 1.8%. Dollar General’s dividend payout ratio (DPR) is presently 30.69%.
Wall Street Analyst Weigh In
DG has been the subject of several research analyst reports. Evercore decreased their price objective on shares of Dollar General from $145.00 to $140.00 in a research note on Wednesday, June 3rd. Wall Street Zen raised Dollar General from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Sanford C. Bernstein restated an “outperform” rating and set a $160.00 price target on shares of Dollar General in a research note on Friday, August 28th. UBS Group reaffirmed a “buy” rating on shares of Dollar General in a research report on Wednesday, May 27th. Finally, Truist Financial boosted their price objective on Dollar General from $109.00 to $114.00 and gave the company a “hold” rating in a research note on Tuesday, June 2nd. Ten research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $134.65.
View Our Latest Stock Analysis on DG
Dollar General Company Profile
Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.
Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.
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