Calamos Advisors LLC increased its stake in Dollar General Corporation (NYSE:DG – Free Report) by 1.9% in the first quarter, Holdings Channel.com reports. The institutional investor owned 250,084 shares of the company’s stock after purchasing an additional 4,611 shares during the quarter. Calamos Advisors LLC’s holdings in Dollar General were worth $29,692,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Park Capital Management LLC WI bought a new position in shares of Dollar General in the 4th quarter worth about $1,245,000. Geode Capital Management LLC grew its holdings in Dollar General by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 5,707,809 shares of the company’s stock worth $754,857,000 after buying an additional 42,936 shares in the last quarter. Norges Bank bought a new position in shares of Dollar General in the fourth quarter worth $133,431,000. Dana Investment Advisors Inc. increased its stake in Dollar General by 36.0% during the 4th quarter. Dana Investment Advisors Inc. now owns 39,170 shares of the company’s stock valued at $5,201,000 after buying an additional 10,370 shares during the period. Finally, Pinebridge Investments LLC acquired a new position in shares of Dollar General during the fourth quarter valued at approximately $11,864,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.
Dollar General Trading Up 3.8%
Shares of DG stock opened at $123.44 on Tuesday. The stock has a market cap of $27.23 billion, a price-to-earnings ratio of 17.46, a P/E/G ratio of 1.81 and a beta of 0.25. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.25 and a current ratio of 1.17. Dollar General Corporation has a 52-week low of $95.11 and a 52-week high of $158.23. The firm has a fifty day moving average of $111.24 and a 200-day moving average of $127.87.
Dollar General Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Tuesday, July 7th. Dollar General’s dividend payout ratio (DPR) is presently 33.38%.
Analysts Set New Price Targets
A number of analysts recently commented on DG shares. Piper Sandler dropped their target price on shares of Dollar General from $133.00 to $118.00 and set a “neutral” rating on the stock in a report on Wednesday, June 3rd. Barclays decreased their price objective on Dollar General from $151.00 to $148.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd. Rothschild & Co Redburn decreased their target price on shares of Dollar General from $111.00 to $90.00 and set a “sell” rating for the company in a research note on Monday, May 18th. Truist Financial boosted their price target on Dollar General from $109.00 to $114.00 and gave the company a “hold” rating in a research note on Tuesday, June 2nd. Finally, Freedom Capital cut shares of Dollar General from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Ten analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $131.27.
Check Out Our Latest Stock Analysis on DG
Dollar General Profile
Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.
Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.
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