Dollar General Co. (NYSE:DG) Shares Acquired by Bristlecone Advisors LLC

Bristlecone Advisors LLC grew its position in shares of Dollar General Co. (NYSE:DG) by 206.3% during the fourth quarter, Holdings Channel reports. The firm owned 19,365 shares of the company’s stock after acquiring an additional 13,042 shares during the quarter. Bristlecone Advisors LLC’s holdings in Dollar General were worth $1,468,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Eagle Rock Investment Company LLC boosted its stake in shares of Dollar General by 16.3% in the 4th quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company’s stock valued at $2,186,000 after buying an additional 4,048 shares during the period. 1834 Investment Advisors Co. purchased a new stake in Dollar General in the third quarter valued at approximately $5,650,000. Leibman Financial Services Inc. acquired a new position in Dollar General in the fourth quarter valued at $2,018,000. Lecap Asset Management Ltd. lifted its position in Dollar General by 231.6% during the 3rd quarter. Lecap Asset Management Ltd. now owns 37,462 shares of the company’s stock worth $3,168,000 after acquiring an additional 26,165 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Dollar General by 62.9% in the 3rd quarter. Victory Capital Management Inc. now owns 166,574 shares of the company’s stock valued at $14,087,000 after buying an additional 64,336 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Emily C. Taylor sold 4,740 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $77.44, for a total transaction of $367,065.60. Following the transaction, the executive vice president now directly owns 15,575 shares of the company’s stock, valued at approximately $1,206,128. This trade represents a 23.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael M. Calbert sold 6,000 shares of the stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the completion of the transaction, the director now owns 120,322 shares of the company’s stock, valued at $9,056,636.94. This represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Dollar General Price Performance

DG opened at $72.51 on Monday. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $168.07. The company has a fifty day simple moving average of $74.31 and a 200 day simple moving average of $85.86. The firm has a market cap of $15.95 billion, a price-to-earnings ratio of 11.95, a PEG ratio of 2.08 and a beta of 0.43.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company had revenue of $10.18 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the business earned $1.26 earnings per share. Dollar General’s revenue was up 5.0% on a year-over-year basis. Equities research analysts expect 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 was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.25%. Dollar General’s payout ratio is currently 38.88%.

Analyst Upgrades and Downgrades

DG has been the topic of a number of analyst reports. Bank of America raised Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price objective on the stock in a report on Friday, December 6th. Sanford C. Bernstein assumed coverage on Dollar General in a report on Tuesday, October 22nd. They set an “outperform” rating and a $98.00 price objective on the stock. Wells Fargo & Company decreased their target price on shares of Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 5th. Truist Financial dropped their price objective on Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a research note on Friday, December 6th. Finally, Telsey Advisory Group reduced their price target on shares of Dollar General from $103.00 to $90.00 and set a “market perform” rating on the stock in a report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $96.77.

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.