Syon Capital LLC Makes New $337,000 Investment in Dollar General Co. (NYSE:DG)

Syon Capital LLC acquired a new stake in Dollar General Co. (NYSE:DG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,475 shares of the company’s stock, valued at approximately $337,000.

Several other large investors also recently modified their holdings of DG. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Dollar General in the 4th quarter valued at about $25,000. Studio Investment Management LLC bought a new position in Dollar General during the 3rd quarter worth approximately $26,000. MV Capital Management Inc. increased its holdings in shares of Dollar General by 78.0% in the 4th quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock valued at $30,000 after acquiring an additional 96 shares during the last quarter. Covestor Ltd raised its holdings in shares of Dollar General by 48.3% during the third quarter. Covestor Ltd now owns 304 shares of the company’s stock worth $33,000 after purchasing an additional 99 shares during the period. Finally, Lowe Wealth Advisors LLC bought a new position in Dollar General in the fourth quarter worth about $33,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Price Performance

Dollar General stock opened at $142.07 on Friday. The stock has a market cap of $31.21 billion, a price-to-earnings ratio of 18.79, a P/E/G ratio of 2.54 and a beta of 0.42. Dollar General Co. has a 12-month low of $101.09 and a 12-month high of $222.99. The company has a quick ratio of 0.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.92. The business’s 50-day simple moving average is $150.37 and its 200 day simple moving average is $135.67.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, March 14th. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.09. The company had revenue of $9.86 billion for 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 for the quarter was down 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.96 EPS. As a group, research analysts anticipate that Dollar General Co. will post 7.28 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were given a $0.59 dividend. The ex-dividend date was Monday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 1.66%. Dollar General’s dividend payout ratio is currently 31.22%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Oppenheimer reiterated a “market perform” rating on shares of Dollar General in a research report on Wednesday, March 6th. BMO Capital Markets upped their price objective on Dollar General from $130.00 to $160.00 and gave the stock a “market perform” rating in a research note on Friday, March 15th. The Goldman Sachs Group raised their target price on Dollar General from $147.00 to $169.00 and gave the company a “buy” rating in a research note on Friday, March 15th. StockNews.com upgraded shares of Dollar General from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Finally, Morgan Stanley boosted their target price on shares of Dollar General from $160.00 to $170.00 and gave the company an “overweight” rating in a research note 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 stock presently has a consensus rating of “Hold” and an average target price of $153.08.

About Dollar General

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.