Crestline Management LP Makes New Investment in Dollar General Co. (NYSE:DG)

Crestline Management LP acquired a new position in shares of Dollar General Co. (NYSE:DG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,963 shares of the company’s stock, valued at approximately $604,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Caption Management LLC increased its holdings in shares of Dollar General by 65.6% during the 4th quarter. Caption Management LLC now owns 3,643 shares of the company’s stock worth $276,000 after buying an additional 1,443 shares during the last quarter. Cetera Investment Advisers increased its stake in Dollar General by 211.3% during the fourth quarter. Cetera Investment Advisers now owns 115,527 shares of the company’s stock worth $8,759,000 after acquiring an additional 78,415 shares during the last quarter. Bridgefront Capital LLC purchased a new position in shares of Dollar General in the 4th quarter worth about $687,000. Banque Transatlantique SA acquired a new position in shares of Dollar General in the 4th quarter valued at about $266,000. Finally, Bayesian Capital Management LP purchased a new stake in shares of Dollar General during the 4th quarter worth about $5,156,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Stock Performance

Shares of NYSE DG opened at $91.70 on Friday. The stock has a market capitalization of $20.17 billion, a PE ratio of 15.11, a price-to-earnings-growth ratio of 2.18 and a beta of 0.27. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $147.87. The stock has a 50 day moving average price of $87.67 and a 200 day moving average price of $79.63. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15.

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

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.57%. Dollar General’s dividend payout ratio (DPR) is currently 46.18%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Piper Sandler increased their target price on Dollar General from $79.00 to $81.00 and gave the company a “neutral” rating in a research note on Friday, March 14th. UBS Group lowered 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. Gordon Haskett cut shares of Dollar General from a “hold” rating to a “reduce” rating in a research report on Wednesday, April 9th. Melius Research raised shares of Dollar General from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 8th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Dollar General in a report on Monday. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $95.16.

Insider Buying and Selling at Dollar General

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

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.