Allstate Corp Invests $494,000 in Dollar General Co. (NYSE:DG)

Allstate Corp purchased a new stake in Dollar General Co. (NYSE:DG) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,510 shares of the company’s stock, valued at approximately $494,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. DnB Asset Management AS raised its stake in shares of Dollar General by 1.5% during the fourth quarter. DnB Asset Management AS now owns 38,908 shares of the company’s stock worth $2,950,000 after purchasing an additional 579 shares during the last quarter. Pictet Asset Management Holding SA raised its position in Dollar General by 11.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 114,591 shares of the company’s stock worth $8,688,000 after buying an additional 11,992 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Dollar General by 1.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 64,935 shares of the company’s stock worth $4,923,000 after acquiring an additional 619 shares during the period. X Square Capital LLC boosted its holdings in shares of Dollar General by 3.1% in the fourth quarter. X Square Capital LLC now owns 15,229 shares of the company’s stock valued at $1,155,000 after acquiring an additional 451 shares in the last quarter. Finally, Kiltearn Partners LLP increased its stake in shares of Dollar General by 13.5% during the fourth quarter. Kiltearn Partners LLP now owns 397,300 shares of the company’s stock worth $30,123,000 after acquiring an additional 47,234 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on DG shares. UBS Group reduced their price objective on shares of Dollar General from $108.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Wells Fargo & Company decreased their price target on Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 5th. Piper Sandler increased their price objective on Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a research report on Friday, March 14th. Evercore ISI decreased their target price on shares of Dollar General from $97.00 to $95.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 3rd. Finally, Gordon Haskett downgraded shares of Dollar General from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $92.26.

Dollar General Trading Down 0.3 %

Shares of DG stock opened at $87.67 on Wednesday. The company has a market capitalization of $19.28 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 2.18 and a beta of 0.44. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The firm has a 50-day moving average price of $76.83 and a 200 day moving average price of $77.88. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $164.12.

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

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General’s dividend payout ratio (DPR) 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.