Accurate Wealth Management LLC Takes $620,000 Position in Dollar General Co. (NYSE:DG)

Accurate Wealth Management LLC purchased a new stake in Dollar General Co. (NYSE:DG) in the fourth quarter, HoldingsChannel reports. The firm purchased 8,692 shares of the company’s stock, valued at approximately $620,000.

A number of other institutional investors and hedge funds also recently modified their holdings of DG. 1834 Investment Advisors Co. bought a new stake in Dollar General during the 3rd quarter worth approximately $5,650,000. Lecap Asset Management Ltd. increased its stake in Dollar General by 231.6% during the 3rd quarter. Lecap Asset Management Ltd. now owns 37,462 shares of the company’s stock worth $3,168,000 after purchasing an additional 26,165 shares in the last quarter. Leibman Financial Services Inc. bought a new stake in Dollar General during the 4th quarter worth approximately $2,018,000. Victory Capital Management Inc. increased its stake in Dollar General by 62.9% during the 3rd 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, Kiltearn Partners LLP bought a new stake in Dollar General during the 2nd quarter worth approximately $9,587,000. 91.77% of the stock is owned by institutional investors.

Dollar General Trading Down 1.2 %

Shares of Dollar General stock opened at $68.56 on Thursday. The firm has a 50-day moving average of $76.06 and a 200-day moving average of $92.61. The stock has a market cap of $15.08 billion, a PE ratio of 11.29, a PEG ratio of 2.29 and a beta of 0.44. Dollar General Co. has a 52-week low of $68.52 and a 52-week high of $168.07. 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 (NYSE:DG) last announced its earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). The business had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.26 EPS. As a group, sell-side analysts forecast that Dollar General Co. will post 5.76 EPS for the current year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.44%. Dollar General’s payout ratio is presently 38.88%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. 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. HSBC lowered their target price on Dollar General from $100.00 to $88.00 and set a “hold” rating for the company in a research note on Friday, November 15th. Melius Research assumed coverage on shares of Dollar General in a research note on Monday, September 23rd. They set a “hold” rating and a $85.00 price target for the company. Truist Financial decreased their price target on shares of 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, The Goldman Sachs Group decreased their price target on shares of Dollar General from $122.00 to $104.00 and set a “buy” rating for the company in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Dollar General has a consensus rating of “Hold” and an average target price of $98.18.

Insider Activity

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

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.