14,719 Shares in Dollar General Co. (NYSE:DG) Acquired by Inkwell Capital LLC

Inkwell Capital LLC bought a new stake in shares of Dollar General Co. (NYSE:DG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 14,719 shares of the company’s stock, valued at approximately $1,116,000. Dollar General comprises 1.2% of Inkwell Capital LLC’s investment portfolio, making the stock its 27th largest holding.

Several other hedge funds have also recently modified their holdings of the business. First Eagle Investment Management LLC purchased a new position in shares of Dollar General in the 4th quarter worth $399,433,000. ACR Alpine Capital Research LLC boosted its position in Dollar General by 8,426.1% in the fourth 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 during the last quarter. Norges Bank purchased a new stake in shares of Dollar General during the 4th quarter valued at about $140,421,000. Pzena Investment Management LLC lifted its stake in shares of Dollar General by 14.9% in the 4th quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company’s stock worth $892,199,000 after purchasing an additional 1,528,450 shares during the period. Finally, State Street Corp boosted its holdings in shares of Dollar General by 8.3% in the third quarter. State Street Corp now owns 9,958,704 shares of the company’s stock worth $842,208,000 after buying an additional 759,869 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on DG. Bank of America reduced their target price on shares of Dollar General from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, March 14th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $85.00 target price on shares of Dollar General in a report on Thursday, March 13th. Wells Fargo & Company cut their price target on Dollar General from $90.00 to $80.00 and set an “equal weight” rating for the company in a report on Thursday, December 5th. BMO Capital Markets raised their price objective on Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Finally, Truist Financial lowered their price objective on Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $92.26.

Dollar General Stock Down 1.7 %

Shares of NYSE DG opened at $86.03 on Friday. 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 firm’s 50-day moving average price is $76.12 and its 200-day moving average price is $77.85. The stock has a market capitalization of $18.92 billion, a price-to-earnings ratio of 14.17, a P/E/G ratio of 2.18 and a beta of 0.44.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.17. The business 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 quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.83 earnings per share. 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Tuesday, April 8th. Dollar General’s dividend payout ratio (DPR) is 46.18%.

Insider Transactions at Dollar General

In other news, Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 120,322 shares of the company’s stock, valued at approximately $9,056,636.94. This represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.49% of the company’s stock.

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.