Trexquant Investment LP Boosts Stake in Dollar General Co. (NYSE:DG)

Trexquant Investment LP lifted its stake in shares of Dollar General Co. (NYSE:DG) by 42.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 397,679 shares of the company’s stock after acquiring an additional 117,986 shares during the quarter. Dollar General accounts for approximately 0.4% of Trexquant Investment LP’s portfolio, making the stock its 28th largest position. Trexquant Investment LP’s holdings in Dollar General were worth $30,152,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in DG. IMG Wealth Management Inc. bought a new stake in shares of Dollar General in the 4th quarter worth approximately $25,000. Wilmington Savings Fund Society FSB bought a new stake in Dollar General in the third quarter worth $33,000. Providence First Trust Co purchased a new stake in Dollar General during the 4th quarter valued at about $33,000. Bogart Wealth LLC boosted its holdings in Dollar General by 279.8% during the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock valued at $37,000 after acquiring an additional 361 shares during the period. Finally, OFI Invest Asset Management bought a new position in Dollar General during the 4th quarter worth approximately $37,000. Institutional investors own 91.77% of the company’s stock.

Dollar General Price Performance

DG opened at $88.05 on Tuesday. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $164.12. The stock has a 50-day moving average price of $76.51 and a 200-day moving average price of $77.86. The firm has a market cap of $19.37 billion, a PE ratio of 14.51, a P/E/G ratio of 2.18 and a beta of 0.44. 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 (NYSE:DG) last issued its earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.17. The business had revenue of $10.30 billion during the quarter, compared to analysts’ expectations of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.83 earnings per share. Sell-side analysts predict that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General’s payout ratio is 46.18%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. UBS Group decreased their target price on shares of Dollar General from $108.00 to $95.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Telsey Advisory Group restated a “market perform” rating and issued a $85.00 price objective on shares of Dollar General in a research report on Thursday, March 13th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $80.00 price objective (down previously from $90.00) on shares of Dollar General in a report on Monday, March 3rd. Morgan Stanley reduced their target price on Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Finally, Evercore ISI dropped their price target on Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dollar General presently has an average rating of “Hold” and a consensus target price of $92.26.

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.