Oppenheimer & Co. Inc. Acquires 2,534 Shares of Dollar General Co. (NYSE:DG)

Oppenheimer & Co. Inc. lifted its holdings in shares of Dollar General Co. (NYSE:DG) by 81.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,648 shares of the company’s stock after purchasing an additional 2,534 shares during the period. Oppenheimer & Co. Inc.’s holdings in Dollar General were worth $428,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new position in Dollar General in the third quarter valued at approximately $33,000. Bogart Wealth LLC lifted its stake in shares of Dollar General by 279.8% in the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock valued at $37,000 after purchasing an additional 361 shares during the period. Venturi Wealth Management LLC boosted its position in shares of Dollar General by 126.4% in the 4th quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock worth $38,000 after purchasing an additional 278 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in Dollar General in the fourth quarter valued at about $39,000. Finally, Kentucky Trust Co bought a new stake in shares of Dollar General in the 4th quarter valued at about $48,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on DG. Telsey Advisory Group lowered their price objective on shares of Dollar General from $88.00 to $85.00 and set a “market perform” rating for the company in a research report on Thursday. BMO Capital Markets boosted their target price on Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Truist Financial cut their price objective on Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a report on Friday, December 6th. Evercore ISI lowered their target price 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. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $80.00 price target (down previously from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Dollar General presently has an average rating of “Hold” and an average target price of $95.09.

Insider Buying and Selling

In other Dollar General news, EVP Emily C. Taylor sold 4,740 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $77.44, for a total value of $367,065.60. Following the transaction, the executive vice president now owns 15,575 shares of the company’s stock, valued at approximately $1,206,128. This represents a 23.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total value of $451,620.00. Following the sale, the director now owns 120,322 shares of the company’s stock, valued at approximately $9,056,636.94. This represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Dollar General Trading Up 7.4 %

NYSE DG opened at $81.87 on Friday. The stock’s 50 day moving average is $73.33 and its 200 day moving average is $79.92. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $18.01 billion, a PE ratio of 13.49, a P/E/G ratio of 2.18 and a beta of 0.44. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $168.07.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company had revenue of $10.18 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the previous year, the company earned $1.26 EPS. The business’s quarterly revenue was up 5.0% on a year-over-year basis. Research analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

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.