Natixis Advisors LLC Grows Stock Holdings in Dollar General Co. (NYSE:DG)

Natixis Advisors LLC boosted its holdings in Dollar General Co. (NYSE:DG) by 64.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 351,657 shares of the company’s stock after buying an additional 137,232 shares during the quarter. Natixis Advisors LLC’s holdings in Dollar General were worth $26,663,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of DG. Wilmington Savings Fund Society FSB purchased a new stake in shares of Dollar General during the 3rd quarter worth approximately $33,000. Providence First Trust Co purchased a new stake in Dollar General in the fourth quarter valued at $33,000. Bogart Wealth LLC boosted its stake in 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. OFI Invest Asset Management purchased a new position in shares of Dollar General during the fourth quarter worth about $37,000. Finally, Venturi Wealth Management LLC increased its position in shares of Dollar General by 126.4% during the fourth quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock worth $38,000 after purchasing an additional 278 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DG. Truist Financial dropped their price target on Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a research note on Friday, December 6th. BMO Capital Markets lifted their target price on shares of Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Morgan Stanley reduced their price target on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Gordon Haskett downgraded shares of Dollar General from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, The Goldman Sachs Group decreased their target price on shares of Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $92.26.

Dollar General Price Performance

Shares of NYSE:DG opened at $79.87 on Tuesday. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $164.12. The firm has a market capitalization of $17.56 billion, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44. The business’s 50 day simple moving average is $73.77 and its 200-day simple moving average is $77.71. 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 announced its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share 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 during the quarter, compared to analysts’ expectations of $10.26 billion. During the same quarter last year, the business posted $1.83 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, equities analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be given a $0.59 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.95%. Dollar General’s dividend payout ratio is presently 46.18%.

Insider Transactions at Dollar General

In other news, Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the sale, the director now directly owns 120,322 shares in the company, valued at $9,056,636.94. This represents a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.49% of the company’s stock.

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.