GSA Capital Partners LLP Purchases 3,313 Shares of Dollar General Co. (NYSE:DG)

GSA Capital Partners LLP grew its position in Dollar General Co. (NYSE:DG) by 94.2% during the first quarter, HoldingsChannel reports. The firm owned 6,831 shares of the company’s stock after buying an additional 3,313 shares during the quarter. GSA Capital Partners LLP’s holdings in Dollar General were worth $1,066,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its stake in shares of Dollar General by 162.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,185,887 shares of the company’s stock worth $2,472,372,000 after acquiring an additional 11,257,537 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Dollar General by 18.9% in the third quarter. Vanguard Group Inc. now owns 21,711,407 shares of the company’s stock worth $2,297,067,000 after acquiring an additional 3,457,393 shares during the last quarter. Norges Bank acquired a new stake in shares of Dollar General in the fourth quarter worth $337,150,000. Capital International Investors boosted its stake in Dollar General by 13.9% during the fourth quarter. Capital International Investors now owns 18,676,538 shares of the company’s stock worth $2,539,026,000 after buying an additional 2,273,119 shares in the last quarter. Finally, FIL Ltd boosted its stake in Dollar General by 31.4% during the fourth quarter. FIL Ltd now owns 1,340,157 shares of the company’s stock worth $182,194,000 after buying an additional 320,157 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DG. Raymond James lifted their price target on shares of Dollar General from $150.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. The Goldman Sachs Group lifted their price target on shares of Dollar General from $147.00 to $169.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Wells Fargo & Company reduced their target price on shares of Dollar General from $155.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 4th. Argus boosted their target price on shares of Dollar General from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Finally, Piper Sandler reduced their target price on shares of Dollar General from $147.00 to $141.00 and set a “neutral” rating on the stock in a research note on Friday, May 31st. Twelve research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $148.09.

Dollar General Stock Performance

DG traded down $2.25 during trading hours on Wednesday, reaching $126.29. The company’s stock had a trading volume of 725,592 shares, compared to its average volume of 2,436,633. Dollar General Co. has a 52 week low of $101.09 and a 52 week high of $173.47. The company’s 50-day moving average is $133.85 and its 200-day moving average is $139.99. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.18 and a current ratio of 1.22. The firm has a market cap of $27.77 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 2.56 and a beta of 0.43.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, May 30th. The company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.08. The business had revenue of $9.91 billion for the quarter, compared to analysts’ expectations of $9.89 billion. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.34 EPS. On average, equities analysts forecast that Dollar General Co. will post 7.21 EPS for the current year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Tuesday, July 9th. Dollar General’s payout ratio is 34.35%.

Insider Transactions at Dollar General

In other news, Director Ralph Santana sold 3,009 shares of the stock in a transaction 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 sale, the director now directly owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.49% of the stock is currently owned by 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.