Proficio Capital Partners LLC Invests $3.85 Million in Dollar General Co. (NYSE:DG)

Proficio Capital Partners LLC purchased a new position in Dollar General Co. (NYSE:DG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 50,724 shares of the company’s stock, valued at approximately $3,846,000.

Other large investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in shares of Dollar General during the 4th quarter worth about $57,000. Eagle Rock Investment Company LLC lifted its position in shares of Dollar General by 16.3% in the fourth quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company’s stock valued at $2,186,000 after acquiring an additional 4,048 shares in the last quarter. Leibman Financial Services Inc. acquired a new stake in shares of Dollar General in the fourth quarter worth approximately $2,018,000. Victory Capital Management Inc. increased its position in shares of Dollar General by 62.9% during the third quarter. Victory Capital Management Inc. now owns 166,574 shares of the company’s stock worth $14,087,000 after purchasing an additional 64,336 shares in the last quarter. Finally, DAVENPORT & Co LLC raised its stake in 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 purchasing an additional 316,005 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dollar General

In related news, Director Michael M. Calbert sold 6,000 shares of the stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the completion of the sale, the director now owns 120,322 shares in the company, valued at $9,056,636.94. This represents a 4.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on DG. Gordon Haskett cut shares of Dollar General from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $85.00 price target on shares of Dollar General in a report on Thursday, March 13th. Wells Fargo & Company lowered their price objective on Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 5th. Truist Financial cut their target price on Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a research note on Friday, December 6th. Finally, Piper Sandler boosted their target price on shares of Dollar General from $79.00 to $81.00 and gave the company a “neutral” rating in a report on Friday. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $92.26.

Dollar General Trading Up 1.1 %

Shares of DG stock opened at $79.87 on Tuesday. The company has a 50 day moving average price of $73.77 and a 200 day moving average price of $77.71. The stock has a market capitalization of $17.56 billion, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44. 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 Co. has a fifty-two week low of $66.43 and a fifty-two week high of $164.12.

Dollar General (NYSE:DG) last released 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. The firm 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 business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.83 earnings per share. Equities research analysts predict that Dollar General Co. will post 5.75 EPS 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. Stockholders of record on Tuesday, April 8th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General’s dividend payout ratio (DPR) is presently 46.18%.

About Dollar General

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.