Groupama Asset Managment Purchases 9,644 Shares of Dollar General Co. (NYSE:DG)

Groupama Asset Managment boosted its position in shares of Dollar General Co. (NYSE:DG) by 104.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,857 shares of the company’s stock after purchasing an additional 9,644 shares during the period. Groupama Asset Managment’s holdings in Dollar General were worth $1,427,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DG. IMG Wealth Management Inc. bought a new position in shares of Dollar General in the fourth quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB bought a new position in Dollar General in the 3rd quarter valued at $33,000. Providence First Trust Co acquired a new position in Dollar General in the fourth quarter worth $33,000. Bogart Wealth LLC grew its holdings in shares of Dollar General by 279.8% during the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock worth $37,000 after purchasing an additional 361 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its stake 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 buying an additional 278 shares in the last quarter. 91.77% of the stock is owned by institutional investors.

Dollar General Stock Up 3.0 %

Dollar General stock opened at $90.19 on Thursday. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $164.12. 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 company has a 50 day moving average of $77.22 and a 200-day moving average of $77.97. The stock has a market capitalization of $19.84 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44.

Dollar General (NYSE:DG) last released 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. The firm had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.26 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $1.83 EPS. On average, equities research analysts anticipate that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.62%. Dollar General’s dividend payout ratio is currently 46.18%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DG. BMO Capital Markets increased their price objective on shares of Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Wells Fargo & Company lowered their price target on shares of Dollar General from $90.00 to $80.00 and set an “equal weight” rating for the company in a report on Thursday, December 5th. Barclays reduced their price objective on Dollar General from $102.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, January 9th. Piper Sandler lifted their target price on Dollar General from $79.00 to $81.00 and gave the company a “neutral” rating in a research note on Friday, March 14th. Finally, Truist Financial cut their price target on Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $92.26.

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.