LPL Financial LLC Raises Stock Position in Dollar General Co. (NYSE:DG)

LPL Financial LLC boosted its position in shares of Dollar General Co. (NYSE:DG) by 27.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 165,917 shares of the company’s stock after acquiring an additional 35,735 shares during the period. LPL Financial LLC owned 0.08% of Dollar General worth $12,580,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. First Eagle Investment Management LLC acquired a new position in Dollar General during the 4th quarter valued at approximately $399,433,000. ACR Alpine Capital Research LLC grew its holdings in shares of Dollar General by 8,426.1% during the fourth quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company’s stock valued at $306,424,000 after buying an additional 3,994,070 shares during the last quarter. Pzena Investment Management LLC increased its position in shares of Dollar General by 14.9% in the 4th quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company’s stock valued at $892,199,000 after acquiring an additional 1,528,450 shares during the period. State Street Corp raised its stake in Dollar General by 8.3% in the 3rd quarter. State Street Corp now owns 9,958,704 shares of the company’s stock worth $842,208,000 after acquiring an additional 759,869 shares during the last quarter. Finally, Erste Asset Management GmbH acquired a new stake in Dollar General during the 4th quarter worth about $49,198,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Stock Up 3.0 %

DG stock opened at $90.19 on Thursday. The stock has a market capitalization of $19.84 billion, a P/E ratio of 14.86, a P/E/G ratio of 2.18 and a beta of 0.44. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $164.12. The firm has a 50-day simple moving average of $77.22 and a 200-day simple moving average of $77.97. 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 EPS for the quarter, beating analysts’ consensus estimates 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 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 quarter in the prior year, the firm earned $1.83 earnings per share. Equities analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

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 paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, April 8th. This represents a $2.36 annualized dividend and a yield of 2.62%. Dollar General’s dividend payout ratio (DPR) is presently 46.18%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on DG shares. Citigroup cut their price objective on Dollar General from $73.00 to $69.00 and set a “sell” rating on the stock in a report on Friday, March 7th. Gordon Haskett lowered shares of Dollar General from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Bank of America dropped their price objective 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. Truist Financial reduced their target price on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a report on Friday, December 6th. Finally, Piper Sandler upped their price target on shares of Dollar General from $79.00 to $81.00 and gave the company a “neutral” rating in a report on Friday, March 14th. One research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.