Epic Trust Investment Advisors LLC Purchases New Stake in Dollar General Co. (NYSE:DG)

Epic Trust Investment Advisors LLC acquired a new position in shares of Dollar General Co. (NYSE:DG) during the fourth quarter, HoldingsChannel reports. The fund acquired 1,637 shares of the company’s stock, valued at approximately $223,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of DG. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Dollar General during the 4th quarter worth $25,000. MV Capital Management Inc. increased its holdings in shares of Dollar General by 78.0% during the 4th quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock worth $30,000 after buying an additional 96 shares during the last quarter. Lowe Wealth Advisors LLC purchased a new stake in shares of Dollar General during the 4th quarter worth about $33,000. Studio Investment Management LLC purchased a new stake in Dollar General during the third quarter worth approximately $26,000. Finally, Creative Financial Designs Inc. ADV boosted its position in Dollar General by 53.6% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 298 shares of the company’s stock worth $41,000 after purchasing an additional 104 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DG shares. JPMorgan Chase & Co. lifted their price objective on shares of Dollar General from $158.00 to $161.00 and gave the company a “neutral” rating in a research note on Monday, April 15th. Truist Financial raised their price objective on Dollar General from $125.00 to $140.00 and gave the company a “hold” rating in a research note on Friday, March 15th. Wells Fargo & Company upped their price target on shares of Dollar General from $125.00 to $155.00 and gave the company an “equal weight” rating in a report on Friday, March 15th. Morgan Stanley increased their price target on shares of Dollar General from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Finally, Raymond James increased their target price on Dollar General from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Fifteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $153.08.

Dollar General Stock Performance

DG stock traded down $1.64 during trading on Tuesday, reaching $139.51. 1,136,707 shares of the stock were exchanged, compared to its average volume of 2,298,748. Dollar General Co. has a twelve month low of $101.09 and a twelve month high of $221.50. The company has a market capitalization of $30.65 billion, a P/E ratio of 18.48, a price-to-earnings-growth ratio of 2.54 and a beta of 0.42. The stock has a 50 day simple moving average of $150.36 and a 200-day simple moving average of $136.17. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, March 14th. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.74 by $0.09. The company had revenue of $9.86 billion for the quarter, compared to the consensus estimate of $9.77 billion. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.96 EPS. As a group, sell-side analysts anticipate that Dollar General Co. will post 7.28 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.69%. The ex-dividend date was Monday, April 8th. Dollar General’s dividend payout ratio is 31.22%.

Insider Activity

In other Dollar General news, Director Ralph Santana sold 3,009 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the sale, the director now owns 3,248 shares of the company’s stock, valued at $505,778.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of the transaction, the executive vice president now owns 28,579 shares in the company, valued at $4,636,371.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total value of $468,561.48. Following the transaction, the director now owns 3,248 shares of the company’s stock, valued at $505,778.56. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Dollar General Company 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.