Quadrant Capital Group LLC Purchases 1,716 Shares of Dollar General Co. (NYSE:DG)

Quadrant Capital Group LLC grew its position in shares of Dollar General Co. (NYSE:DGFree Report) by 116.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,193 shares of the company’s stock after buying an additional 1,716 shares during the period. Quadrant Capital Group LLC’s holdings in Dollar General were worth $434,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Dollar General by 18.9% during the third quarter. Vanguard Group Inc. now owns 21,711,407 shares of the company’s stock worth $2,297,067,000 after buying an additional 3,457,393 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Dollar General by 98.1% in the third quarter. The Manufacturers Life Insurance Company now owns 2,106,653 shares of the company’s stock valued at $222,884,000 after purchasing an additional 1,043,141 shares during the last quarter. Baupost Group LLC MA boosted its stake in shares of Dollar General by 283.1% during the third quarter. Baupost Group LLC MA now owns 927,000 shares of the company’s stock valued at $98,077,000 after purchasing an additional 685,000 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Dollar General by 78.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,426,318 shares of the company’s stock worth $150,904,000 after purchasing an additional 627,844 shares during the last quarter. Finally, Equity Investment Corp increased its stake in shares of Dollar General by 744.8% in the third quarter. Equity Investment Corp now owns 638,695 shares of the company’s stock valued at $67,574,000 after buying an additional 563,095 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insider Buying and Selling

In other news, EVP Carman R. Wenkoff sold 5,909 shares of the company’s 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 sale, the executive vice president now directly owns 28,579 shares in the company, valued at $4,636,371.17. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Carman R. Wenkoff sold 5,909 shares of the business’s 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 directly owns 28,579 shares in the company, valued at $4,636,371.17. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ralph Santana sold 3,009 shares of the business’s stock in a transaction dated 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 directly owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

Dollar General Price Performance

DG stock opened at $142.13 on Friday. The business has a 50-day simple moving average of $148.21 and a two-hundred day simple moving average of $138.12. The company has a market capitalization of $31.22 billion, a P/E ratio of 18.80, a price-to-earnings-growth ratio of 2.62 and a beta of 0.44. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.15 and a current ratio of 1.19. Dollar General Co. has a 52-week low of $101.09 and a 52-week high of $218.36.

Dollar General (NYSE:DGGet Free Report) last announced its quarterly earnings data on Thursday, March 14th. The company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.74 by $0.09. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The business had revenue of $9.86 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same quarter in the previous year, the firm posted $2.96 earnings per share. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. Research analysts expect that Dollar General Co. will post 7.28 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend was Monday, April 8th. Dollar General’s dividend payout ratio (DPR) is presently 31.22%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. The Goldman Sachs Group upped their price target on shares of Dollar General from $147.00 to $169.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Wells Fargo & Company increased their price target on Dollar General from $125.00 to $155.00 and gave the company an “equal weight” rating in a research note on Friday, March 15th. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar General in a research note on Wednesday, March 6th. Raymond James increased their target price on shares of Dollar General from $150.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Finally, Argus boosted their price target on shares of Dollar General from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Fifteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $153.08.

Check Out Our Latest Stock Analysis on Dollar General

Dollar General Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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