OLD National Bancorp IN Increases Position in Dollar General Co. (NYSE:DG)

OLD National Bancorp IN raised its position in shares of Dollar General Co. (NYSE:DG) by 533.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 64,990 shares of the company’s stock after buying an additional 54,732 shares during the period. OLD National Bancorp IN’s holdings in Dollar General were worth $4,928,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DG. Quarry LP purchased a new stake in Dollar General during the 2nd quarter worth approximately $46,000. Sanctuary Advisors LLC acquired a new stake in shares of Dollar General in the second quarter valued at $3,791,000. Anchor Investment Management LLC boosted its holdings in Dollar General by 3.5% in the second quarter. Anchor Investment Management LLC now owns 16,081 shares of the company’s stock valued at $2,126,000 after purchasing an additional 539 shares during the period. Czech National Bank grew its stake in Dollar General by 7.0% during the 3rd quarter. Czech National Bank now owns 44,794 shares of the company’s stock worth $3,788,000 after purchasing an additional 2,934 shares in the last quarter. Finally, Thrive Wealth Management LLC increased its holdings in Dollar General by 17.5% during the 3rd quarter. Thrive Wealth Management LLC now owns 4,168 shares of the company’s stock worth $353,000 after purchasing an additional 620 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DG. BMO Capital Markets upped their target price on shares of Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Barclays reduced their price objective on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, January 9th. The Goldman Sachs Group lowered their target price on shares of Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Truist Financial decreased their price target on Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a report on Friday, December 6th. Finally, Sanford C. Bernstein assumed coverage on Dollar General in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $98.00 price objective for the company. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $96.77.

Insiders Place Their Bets

In related news, EVP Emily C. Taylor sold 4,740 shares of Dollar General 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 completion of the transaction, the executive vice president now directly owns 15,575 shares of the company’s stock, valued at approximately $1,206,128. The trade was a 23.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total value of $451,620.00. Following the completion of the sale, the director now directly owns 120,322 shares in the company, valued at $9,056,636.94. This trade represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Dollar General Stock Performance

NYSE:DG opened at $72.21 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The firm has a market cap of $15.88 billion, a price-to-earnings ratio of 11.90, a price-to-earnings-growth ratio of 2.11 and a beta of 0.44. The firm’s fifty day moving average price is $74.82 and its 200 day moving average price is $88.39. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $168.07.

Dollar General (NYSE:DG) last issued its earnings results 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). The firm had revenue of $10.18 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.26 EPS. On average, sell-side analysts expect that Dollar General Co. will post 5.75 EPS for the current 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 issued a $0.59 dividend. The ex-dividend date was Tuesday, January 7th. This represents a $2.36 annualized dividend and a dividend yield of 3.27%. Dollar General’s dividend payout ratio is currently 38.88%.

Dollar General 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.