Waycross Partners LLC Takes Position in Dollar General Co. (NYSE:DG)

Waycross Partners LLC acquired a new stake in Dollar General Co. (NYSE:DG) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 12,000 shares of the company’s stock, valued at approximately $1,631,000.

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

Analysts Set New Price Targets

DG has been the topic of a number of analyst reports. Truist Financial lifted their price objective on shares of Dollar General from $125.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, March 15th. Argus lifted their price objective on shares of Dollar General from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $170.00 price objective on shares of Dollar General in a report on Tuesday, April 2nd. Barclays raised shares of Dollar General from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $124.00 to $154.00 in a report on Thursday, January 4th. Finally, Evercore ISI cut their price target on shares of Dollar General from $162.00 to $160.00 and set an “in-line” rating on the stock in a report on Tuesday, April 2nd. Fifteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Dollar General presently has a consensus rating of “Hold” and an average target price of $153.08.

Insider Buying and Selling

In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the company’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 completion of the sale, the executive vice president now owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the company’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 completion of the sale, the executive vice president now owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ralph Santana sold 3,009 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

Dollar General Price Performance

Shares of DG traded down $1.96 during midday trading on Tuesday, hitting $139.19. 1,752,834 shares of the company traded hands, compared to its average volume of 2,308,956. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.19 and a quick ratio of 0.15. The stock has a 50-day moving average of $150.30 and a 200-day moving average of $136.37. The firm has a market cap of $30.58 billion, a P/E ratio of 18.41, a PEG ratio of 2.54 and a beta of 0.42. Dollar General Co. has a one year low of $101.09 and a one year high of $221.50.

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

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Monday, April 8th. Dollar General’s dividend payout ratio (DPR) is 31.22%.

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.