TCW Group Inc. Invests $1.85 Million in Dollar General Co. (NYSE:DG)

TCW Group Inc. acquired a new position in Dollar General Co. (NYSE:DG) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 13,637 shares of the company’s stock, valued at approximately $1,853,000.

A number of other hedge funds also recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Dollar General during the 4th quarter worth $25,000. Studio Investment Management LLC purchased a new position in Dollar General during the third quarter valued at $26,000. MV Capital Management Inc. grew its holdings in Dollar General by 78.0% during the fourth quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock valued at $30,000 after purchasing an additional 96 shares during the period. Covestor Ltd grew its holdings in Dollar General by 48.3% during the third quarter. Covestor Ltd now owns 304 shares of the company’s stock valued at $33,000 after purchasing an additional 99 shares during the period. Finally, Lowe Wealth Advisors LLC purchased a new stake in Dollar General in the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Trading Up 4.4 %

DG traded up $6.11 on Friday, hitting $145.23. The company had a trading volume of 2,230,090 shares, compared to its average volume of 2,157,991. The business’s fifty day simple moving average is $146.72 and its 200 day simple moving average is $139.04. The company has a quick ratio of 0.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.92. Dollar General Co. has a 12-month low of $101.09 and a 12-month high of $206.26. The company has a market cap of $31.90 billion, a PE ratio of 19.21, a PEG ratio of 2.87 and a beta of 0.44.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, March 14th. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.09. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The firm had revenue of $9.86 billion during the quarter, compared to analysts’ expectations of $9.77 billion. During the same quarter in the previous year, the business earned $2.96 EPS. The company’s quarterly revenue was down 3.4% on a year-over-year basis. Equities research analysts expect that Dollar General Co. will post 7.27 EPS 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 paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Monday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.63%. Dollar General’s dividend payout ratio is presently 31.22%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DG. Wells Fargo & Company boosted their price objective 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. JPMorgan Chase & Co. upped their price target on shares of Dollar General from $158.00 to $161.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. Raymond James raised their price objective 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. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar General in a report on Wednesday, March 6th. Finally, Piper Sandler reissued a “neutral” rating and set a $147.00 price target (up from $127.00) on shares of Dollar General in a report on Friday, March 15th. Fifteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Dollar General has an average rating of “Hold” and an average price target of $153.08.

Insider Buying and Selling

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

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.