HighPoint Advisor Group LLC Invests $252,000 in Dollar General Co. (NYSE:DG)

HighPoint Advisor Group LLC purchased a new position in shares of Dollar General Co. (NYSE:DG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,398 shares of the company’s stock, valued at approximately $252,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. acquired a new stake in shares of Dollar General during the 4th quarter worth $57,000. Eagle Rock Investment Company LLC grew its stake in Dollar General by 16.3% during the fourth quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company’s stock worth $2,186,000 after buying an additional 4,048 shares in the last quarter. Leibman Financial Services Inc. bought a new position in Dollar General in the 4th quarter valued at about $2,018,000. DAVENPORT & Co LLC raised its position in shares of Dollar General by 5,624.9% in the 4th quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company’s stock valued at $24,385,000 after buying an additional 316,005 shares in the last quarter. Finally, Matrix Asset Advisors Inc. NY bought a new stake in shares of Dollar General during the 4th quarter worth approximately $6,158,000. Institutional investors own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on DG shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $80.00 price objective (down from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. Citigroup lowered their price target on Dollar General from $73.00 to $69.00 and set a “sell” rating for the company in a report on Friday, March 7th. Gordon Haskett lowered Dollar General from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Bank of America decreased their target price on Dollar General from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. Finally, Truist Financial reduced their price target on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $92.26.

Dollar General Stock Performance

Shares of DG stock opened at $94.45 on Friday. The stock has a market capitalization of $20.77 billion, a PE ratio of 15.56, a PEG ratio of 2.18 and a beta of 0.40. The business’s 50 day simple moving average is $77.68 and its 200 day simple moving average is $78.08. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. Dollar General Co. has a one year low of $66.43 and a one year high of $164.12.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, March 13th. The company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 3.33% and a return on equity of 18.85%. The company’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.83 EPS. As a group, research analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.50%. 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.