Dollar General Co. (NYSE:DG) Shares Purchased by OLD National Bancorp IN

OLD National Bancorp IN boosted its stake in Dollar General Co. (NYSE:DG) by 8.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,204 shares of the company’s stock after purchasing an additional 415 shares during the period. OLD National Bancorp IN’s holdings in Dollar General were worth $707,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DG. Lindbrook Capital LLC lifted its position in shares of Dollar General by 12.3% during the third quarter. Lindbrook Capital LLC now owns 785 shares of the company’s stock worth $83,000 after purchasing an additional 86 shares during the last quarter. ORG Partners LLC lifted its position in shares of Dollar General by 13.2% during the fourth quarter. ORG Partners LLC now owns 754 shares of the company’s stock worth $103,000 after purchasing an additional 88 shares during the last quarter. Horrell Capital Management Inc. lifted its position in shares of Dollar General by 0.3% during the fourth quarter. Horrell Capital Management Inc. now owns 29,224 shares of the company’s stock worth $3,973,000 after purchasing an additional 94 shares during the last quarter. MV Capital Management Inc. lifted its position in shares of Dollar General by 78.0% during the fourth quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock worth $30,000 after purchasing an additional 96 shares during the last quarter. Finally, Resonant Capital Advisors LLC lifted its position in shares of Dollar General by 0.7% during the third quarter. Resonant Capital Advisors LLC now owns 13,796 shares of the company’s stock worth $1,460,000 after purchasing an additional 98 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DG shares. Telsey Advisory Group reissued an “outperform” rating and issued a $170.00 target price on shares of Dollar General in a report on Tuesday, April 2nd. Truist Financial lifted their price target on Dollar General from $125.00 to $140.00 and gave the company a “hold” rating in a report on Friday, March 15th. Argus lifted their price target on Dollar General from $160.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, March 28th. StockNews.com raised Dollar General from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Finally, The Goldman Sachs Group lifted their price target on Dollar General from $147.00 to $169.00 and gave the company a “buy” rating in a report on Friday, March 15th. Fifteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $153.08.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of the sale, the executive vice president now owns 28,579 shares of the company’s stock, valued at approximately $4,636,371.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the sale, the director now owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of the sale, the executive vice president now directly owns 28,579 shares of the company’s stock, valued at approximately $4,636,371.17. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Dollar General Trading Down 0.1 %

Dollar General stock opened at $142.73 on Wednesday. The company has a 50 day moving average price of $149.98 and a 200 day moving average price of $135.07. Dollar General Co. has a 52 week low of $101.09 and a 52 week high of $222.99. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.15 and a current ratio of 1.19. The firm has a market capitalization of $31.35 billion, a price-to-earnings ratio of 18.88, a P/E/G ratio of 2.55 and a beta of 0.42.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, March 14th. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.09. The firm had revenue of $9.86 billion during the quarter, compared to analyst estimates of $9.77 billion. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The company’s revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the business posted $2.96 EPS. Research analysts forecast that Dollar General Co. will post 7.28 EPS for the current year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Monday, April 8th. Dollar General’s dividend payout ratio (DPR) is currently 31.22%.

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.