Pictet Asset Management Holding SA Increases Stock Holdings in Dollar General Co. (NYSE:DG)

Pictet Asset Management Holding SA boosted its stake in Dollar General Co. (NYSE:DG) by 11.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 114,591 shares of the company’s stock after buying an additional 11,992 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.05% of Dollar General worth $8,688,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. IMG Wealth Management Inc. bought a new position in shares of Dollar General during the fourth quarter valued at about $25,000. Wilmington Savings Fund Society FSB bought a new position in shares of Dollar General during the 3rd quarter worth approximately $33,000. Providence First Trust Co purchased a new position in shares of Dollar General in the 4th quarter worth approximately $33,000. Bogart Wealth LLC grew its holdings in shares of Dollar General by 279.8% in the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock valued at $37,000 after acquiring an additional 361 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new stake in shares of Dollar General during the fourth quarter valued at approximately $37,000. 91.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Bank of America reduced their price objective on Dollar General from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, March 14th. Piper Sandler raised their price objective on shares of Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a report on Friday, March 14th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $80.00 target price (down from $90.00) on shares of Dollar General in a research report on Monday, March 3rd. Gordon Haskett lowered shares of Dollar General from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $85.00 price objective on shares of Dollar General in a research note on Thursday, March 13th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $92.26.

Dollar General Price Performance

DG stock opened at $90.19 on Thursday. The firm has a 50 day simple moving average of $77.22 and a two-hundred day simple moving average of $77.97. The stock has a market cap of $19.84 billion, a PE ratio of 14.86, a P/E/G ratio of 2.18 and a beta of 0.44. Dollar General Co. has a one year low of $66.43 and a one year high of $164.12. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15.

Dollar General (NYSE:DG) last released its earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.17. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The business had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.26 billion. During the same quarter in the prior year, the firm earned $1.83 earnings per share. The firm’s revenue was up 4.5% on a year-over-year basis. On average, analysts predict that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently declared 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 2.62%. The ex-dividend date is Tuesday, April 8th. Dollar General’s payout ratio is currently 46.18%.

Dollar General 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.