Fox Run Management L.L.C. Makes New Investment in Dollar General Co. (NYSE:DG)

Fox Run Management L.L.C. purchased a new position in Dollar General Co. (NYSE:DG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,229 shares of the company’s stock, valued at approximately $472,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. First Eagle Investment Management LLC bought a new position in Dollar General in the fourth quarter valued at $399,433,000. ACR Alpine Capital Research LLC boosted its holdings in shares of Dollar General by 8,426.1% in the 4th quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company’s stock worth $306,424,000 after purchasing an additional 3,994,070 shares in the last quarter. Baupost Group LLC MA bought a new position in shares of Dollar General during the 3rd quarter valued at about $194,832,000. Pzena Investment Management LLC increased its position in shares of Dollar General by 14.9% during the 4th quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company’s stock valued at $892,199,000 after purchasing an additional 1,528,450 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Dollar General by 8.3% during the 3rd quarter. State Street Corp now owns 9,958,704 shares of the company’s stock valued at $842,208,000 after buying an additional 759,869 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Insider Activity at Dollar General

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the firm’s stock in a transaction on Tuesday, December 31st. The stock was 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 approximately $9,056,636.94. This trade represents a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.49% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

DG has been the topic of a number of recent research reports. Truist Financial reduced their price target on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a research report on Friday, December 6th. UBS Group reduced their target price on shares of Dollar General from $108.00 to $95.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. Evercore ISI lowered their price target on shares of Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a research note on Tuesday, December 3rd. Piper Sandler upped their price target on shares of Dollar General from $79.00 to $81.00 and gave the company a “neutral” rating in a research report on Friday, March 14th. Finally, The Goldman Sachs Group decreased their price objective on Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $92.26.

Dollar General Stock Down 0.6 %

Shares of Dollar General stock opened at $82.62 on Wednesday. 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 12-month low of $66.43 and a 12-month high of $164.12. The company has a market cap of $18.17 billion, a P/E ratio of 13.61, a PEG ratio of 2.18 and a beta of 0.44. The company’s fifty day simple moving average is $75.08 and its two-hundred day simple moving average is $77.72.

Dollar General (NYSE:DG) last announced 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. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.26 billion. During the same quarter in the previous year, the company earned $1.83 earnings per share. Dollar General’s quarterly revenue was up 4.5% on a year-over-year basis. Research analysts anticipate that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General’s payout ratio is presently 46.18%.

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.