Dollar General Co. (NYSE:DG) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its position in shares of Dollar General Co. (NYSE:DG) by 151.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,312,530 shares of the company’s stock after purchasing an additional 790,284 shares during the quarter. Russell Investments Group Ltd.’s holdings in Dollar General were worth $99,516,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of DG. Envestnet Asset Management Inc. lifted its position in Dollar General by 157.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 755,715 shares of the company’s stock valued at $57,298,000 after purchasing an additional 461,900 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its stake in shares of Dollar General by 155.2% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 166,444 shares of the company’s stock valued at $12,620,000 after purchasing an additional 101,218 shares during the period. Oarsman Capital Inc. raised its holdings in shares of Dollar General by 19.7% during the fourth quarter. Oarsman Capital Inc. now owns 1,817 shares of the company’s stock valued at $138,000 after buying an additional 299 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new position in Dollar General in the 4th quarter worth approximately $4,827,000. Finally, Prudential PLC grew its holdings in Dollar General by 20.2% in the 4th quarter. Prudential PLC now owns 10,993 shares of the company’s stock worth $833,000 after buying an additional 1,849 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Dollar General Price Performance

Shares of NYSE:DG opened at $92.82 on Friday. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $159.52. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The company has a market cap of $20.41 billion, a P/E ratio of 15.29, a price-to-earnings-growth ratio of 2.18 and a beta of 0.40. The company’s fifty day moving average is $78.10 and its two-hundred day moving average is $78.08.

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

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General’s dividend payout ratio is 46.18%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on DG shares. Telsey Advisory Group reiterated a “market perform” rating and set a $85.00 price target on shares of Dollar General in a research report on Thursday, March 13th. Barclays decreased their target price on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, January 9th. Piper Sandler boosted their price target on shares of Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a research report on Friday, March 14th. Bank of America decreased their price objective on shares of Dollar General from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, March 14th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $80.00 target price (down previously from $90.00) on shares of Dollar General in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dollar General presently has an average rating of “Hold” and a consensus price target of $92.26.

Dollar General 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.