Daiwa Securities Group Inc. Has $2.20 Million Position in Dollar General Co. (NYSE:DG)

Daiwa Securities Group Inc. grew its holdings in Dollar General Co. (NYSE:DG) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 28,988 shares of the company’s stock after purchasing an additional 2,069 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Dollar General were worth $2,198,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Dollar General in the third quarter valued at about $33,000. Providence First Trust Co acquired a new stake in shares of Dollar General in the fourth quarter valued at about $33,000. Bogart Wealth LLC grew its position in shares of Dollar General by 279.8% in the fourth 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 last quarter. Venturi Wealth Management LLC grew its position in shares of Dollar General by 126.4% in the fourth quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock valued at $38,000 after purchasing an additional 278 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new stake in shares of Dollar General in the fourth quarter valued at about $37,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company decreased their target price on Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 5th. Bernstein Bank decreased their target price on Dollar General from $98.00 to $94.00 in a research report on Friday, November 15th. Gordon Haskett downgraded Dollar General from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Citigroup decreased their target price on Dollar General from $73.00 to $69.00 and set a “sell” rating on the stock in a research report on Friday, March 7th. Finally, Truist Financial decreased their target price on Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $92.26.

Insider Activity

In related news, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction on 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 directly owns 120,322 shares of the company’s stock, valued at approximately $9,056,636.94. The trade was a 4.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is owned by company insiders.

Dollar General Price Performance

Shares of DG stock opened at $79.15 on Friday. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $164.12. The firm has a market capitalization of $17.41 billion, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44. 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 fifty day moving average of $73.69 and a 200-day moving average of $78.39.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.17. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.26 billion. During the same quarter in the previous year, the business earned $1.83 EPS. The firm’s revenue was up 4.5% on a year-over-year basis. On average, equities research analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.98%. The ex-dividend date is Tuesday, April 8th. Dollar General’s dividend payout ratio (DPR) is 38.88%.

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.