Dollar General Co. (NYSE:DG) Shares Bought by Deutsche Bank AG

Deutsche Bank AG lifted its stake in shares of Dollar General Co. (NYSE:DG) by 17.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,038,377 shares of the company’s stock after acquiring an additional 152,429 shares during the period. Deutsche Bank AG’s holdings in Dollar General were worth $78,730,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new stake in Dollar General during the third quarter worth approximately $33,000. Franklin Resources Inc. raised its stake in shares of Dollar General by 17.6% in the 3rd quarter. Franklin Resources Inc. now owns 69,173 shares of the company’s stock worth $5,517,000 after buying an additional 10,333 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Dollar General by 2.6% during the third quarter. Principal Financial Group Inc. now owns 253,053 shares of the company’s stock valued at $21,401,000 after buying an additional 6,372 shares in the last quarter. First Hawaiian Bank acquired a new position in Dollar General during the fourth quarter worth about $218,000. Finally, Czech National Bank boosted its position in shares of Dollar General by 6.4% during the 4th quarter. Czech National Bank now owns 47,682 shares of the company’s stock valued at $3,615,000 after purchasing an additional 2,888 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Piper Sandler increased their target price on shares of Dollar General from $79.00 to $81.00 and gave the company a “neutral” rating in a research note on Friday, March 14th. Morgan Stanley reduced their price objective 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. Melius raised Dollar General from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research report on Tuesday, April 8th. Gordon Haskett lowered Dollar General from a “hold” rating to a “reduce” rating in a research report on Wednesday, April 9th. Finally, Truist Financial lifted their price target on Dollar General from $76.00 to $93.00 and gave the stock a “hold” rating in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $95.16.

Insider Buying and Selling at Dollar General

In other news, EVP Emily C. Taylor sold 809 shares of the business’s stock in a transaction on Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the sale, the executive vice president now directly owns 48,532 shares in the company, valued at approximately $4,596,951.04. The trade was a 1.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.56% of the company’s stock.

Dollar General Stock Performance

Shares of DG stock opened at $91.70 on Monday. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $147.87. The stock’s 50-day moving average is $87.67 and its two-hundred day moving average is $79.60. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The firm has a market cap of $20.17 billion, a P/E ratio of 15.11, a PEG ratio of 2.18 and a beta of 0.27.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.17. The firm had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.83 earnings per share. Analysts predict that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend was Tuesday, April 8th. Dollar General’s payout ratio is 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.