9,546 Shares in Dollar General Co. (NYSE:DG) Acquired by Simmons Bank

Simmons Bank purchased a new stake in Dollar General Co. (NYSE:DG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,546 shares of the company’s stock, valued at approximately $1,298,000.

Several other large investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its holdings in Dollar General by 7.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,295,926 shares of the company’s stock valued at $176,181,000 after purchasing an additional 95,081 shares during the period. Apollon Wealth Management LLC lifted its position in Dollar General by 120.6% in the fourth quarter. Apollon Wealth Management LLC now owns 8,018 shares of the company’s stock worth $1,090,000 after purchasing an additional 4,384 shares during the period. Machina Capital S.A.S. acquired a new stake in Dollar General during the fourth quarter worth $217,000. Sheets Smith Wealth Management acquired a new position in shares of Dollar General in the 4th quarter valued at $216,000. Finally, Clearstead Trust LLC acquired a new stake in shares of Dollar General during the 4th quarter valued at about $356,000. 91.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DG shares. Evercore ISI dropped their target price on Dollar General from $162.00 to $160.00 and set an “in-line” rating for the company in a report on Tuesday, April 2nd. BMO Capital Markets raised their price target on Dollar General from $130.00 to $160.00 and gave the company a “market perform” rating in a report on Friday, March 15th. JPMorgan Chase & Co. increased their target price on Dollar General from $158.00 to $161.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. Morgan Stanley lifted their price target on Dollar General from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Finally, 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. Fifteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $153.08.

Insider Activity

In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the transaction, the executive vice president now owns 28,579 shares in the company, valued at approximately $4,636,371.17. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Carman R. Wenkoff sold 5,909 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of the sale, the executive vice president now directly owns 28,579 shares in the company, valued at approximately $4,636,371.17. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ralph Santana sold 3,009 shares of the business’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the transaction, 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 currently owned by company insiders.

Dollar General Stock Performance

Shares of DG traded up $3.78 during mid-day trading on Tuesday, reaching $139.92. The company’s stock had a trading volume of 2,594,424 shares, compared to its average volume of 2,309,536. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92. The stock has a market cap of $30.74 billion, a P/E ratio of 18.51, a PEG ratio of 2.46 and a beta of 0.44. Dollar General Co. has a 1-year low of $101.09 and a 1-year high of $221.50. The business has a 50-day simple moving average of $149.93 and a two-hundred day simple moving average of $137.15.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, March 14th. The company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.74 by $0.09. The business had revenue of $9.86 billion during the quarter, compared to the consensus estimate 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 was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.96 EPS. As a group, equities research analysts anticipate that Dollar General Co. will post 7.28 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend was Monday, April 8th. Dollar General’s dividend payout ratio is currently 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.