Malaga Cove Capital LLC Raises Stock Holdings in Dollar General Co. (NYSE:DG)

Malaga Cove Capital LLC boosted its holdings in shares of Dollar General Co. (NYSE:DG) by 17.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,553 shares of the company’s stock after acquiring an additional 1,413 shares during the quarter. Malaga Cove Capital LLC’s holdings in Dollar General were worth $1,299,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. bought a new stake in Dollar General during the 4th quarter valued at $25,000. Studio Investment Management LLC purchased a new stake in shares of Dollar General during the 3rd quarter valued at $26,000. MV Capital Management Inc. grew its stake 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 acquiring an additional 96 shares during the last quarter. Covestor Ltd raised its holdings in shares of Dollar General by 48.3% in the third quarter. Covestor Ltd now owns 304 shares of the company’s stock worth $33,000 after buying an additional 99 shares during the last quarter. Finally, Lowe Wealth Advisors LLC purchased a new position in Dollar General in the 4th quarter worth $33,000. Institutional investors own 91.77% of the company’s stock.

Dollar General Stock Up 0.2 %

NYSE DG traded up $0.34 on Friday, hitting $137.49. 2,268,787 shares of the stock were exchanged, compared to its average volume of 1,959,535. The company has a market cap of $30.20 billion, a PE ratio of 18.19, a PEG ratio of 2.46 and a beta of 0.44. The company has a 50-day moving average price of $150.07 and a 200-day moving average price of $136.55. The company has a quick ratio of 0.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.92. Dollar General Co. has a fifty-two week low of $101.09 and a fifty-two week high of $221.50.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, March 14th. The company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.09. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The firm had revenue of $9.86 billion during the quarter, compared to the consensus estimate of $9.77 billion. During the same period in the prior year, the company posted $2.96 earnings per share. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. Sell-side analysts anticipate that Dollar General Co. will post 7.28 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Investors 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 yield of 1.72%. Dollar General’s dividend payout ratio (DPR) is 31.22%.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

DG has been the topic of a number of research reports. StockNews.com upgraded shares of Dollar General from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. The Goldman Sachs Group boosted their target price on shares of Dollar General from $147.00 to $169.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Argus raised their price target on shares of Dollar General from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. JPMorgan Chase & Co. increased their target price on Dollar General from $158.00 to $161.00 and gave the company a “neutral” rating in a report on Monday, April 15th. Finally, BMO Capital Markets lifted their price target 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. Fifteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $153.08.

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.