Forum Financial Management LP Takes $245,000 Position in Dollar General Co. (NYSE:DG)

Forum Financial Management LP acquired a new position in Dollar General Co. (NYSE:DG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,231 shares of the company’s stock, valued at approximately $245,000.

A number of other hedge funds have also bought and sold shares of DG. Anchor Investment Management LLC lifted its holdings in shares of Dollar General by 8.3% in the third quarter. Anchor Investment Management LLC now owns 17,414 shares of the company’s stock worth $1,473,000 after buying an additional 1,333 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Dollar General in the 3rd quarter worth approximately $33,000. Tidal Investments LLC boosted its holdings in Dollar General by 25.4% in the 3rd quarter. Tidal Investments LLC now owns 17,315 shares of the company’s stock valued at $1,464,000 after purchasing an additional 3,504 shares during the period. Franklin Resources Inc. increased its holdings in shares of Dollar General by 17.6% in the third quarter. Franklin Resources Inc. now owns 69,173 shares of the company’s stock worth $5,517,000 after purchasing an additional 10,333 shares during the period. Finally, Birmingham Capital Management Co. Inc. AL purchased a new stake in shares of Dollar General in the third quarter worth $263,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Stock Performance

Shares of DG stock opened at $96.81 on Wednesday. The firm has a market capitalization of $21.29 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 2.18 and a beta of 0.40. The stock has a fifty day moving average of $83.03 and a 200 day moving average of $78.63. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $147.87. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG) last announced its earnings results 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 firm had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.26 billion. During the same quarter in the previous year, the firm posted $1.83 EPS. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, research analysts expect that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.44%. Dollar General’s dividend payout ratio is presently 46.18%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DG. Morgan Stanley lowered their price target on Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Gordon Haskett lowered shares of Dollar General from a “hold” rating to a “reduce” rating in a research report on Wednesday, April 9th. Bank of America decreased their price target on shares of Dollar General from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Telsey Advisory Group reissued a “market perform” rating and issued a $85.00 target price on shares of Dollar General in a research note on Thursday, March 13th. Finally, Piper Sandler lifted their price target on Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a research note on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $94.75.

Insider Buying and Selling

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the company’s stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the sale, the executive vice president now owns 48,532 shares in the company, valued at approximately $4,596,951.04. This represents a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.49% of the stock is owned by insiders.

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.