Assenagon Asset Management S.A. Has $14.80 Million Stock Holdings in Dollar General Co. (NYSE:DG)

Assenagon Asset Management S.A. raised its stake in shares of Dollar General Co. (NYSE:DG) by 2,731.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 195,202 shares of the company’s stock after purchasing an additional 188,308 shares during the quarter. Assenagon Asset Management S.A. owned 0.09% of Dollar General worth $14,800,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Wilmington Savings Fund Society FSB bought a new stake in Dollar General in the third quarter valued at $33,000. Quarry LP bought a new stake in shares of Dollar General in the 2nd quarter worth about $46,000. Pathway Financial Advisers LLC grew its holdings in shares of Dollar General by 30.6% in the 2nd quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock worth $50,000 after purchasing an additional 88 shares during the last quarter. ORG Wealth Partners LLC bought a new position in Dollar General during the 3rd quarter valued at about $57,000. Finally, Bruce G. Allen Investments LLC boosted its position in Dollar General by 37.7% in the third quarter. Bruce G. Allen Investments LLC now owns 792 shares of the company’s stock valued at $67,000 after buying an additional 217 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total value of $451,620.00. Following the completion of the transaction, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Emily C. Taylor sold 4,740 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $77.44, for a total transaction of $367,065.60. Following the sale, the executive vice president now owns 15,575 shares in the company, valued at approximately $1,206,128. The trade was a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on DG shares. Bank of America raised shares of Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price objective for the company in a report on Friday, December 6th. Citigroup downgraded Dollar General from a “neutral” rating to a “sell” rating and cut their price objective for the company from $91.00 to $73.00 in a research report on Friday, September 27th. Truist Financial decreased their target price on Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a report on Friday, December 6th. HSBC cut their price target on Dollar General from $100.00 to $88.00 and set a “hold” rating for the company in a report on Friday, November 15th. Finally, Telsey Advisory Group lowered their price objective on shares of Dollar General from $103.00 to $90.00 and set a “market perform” rating for the company in a research report on Monday, December 2nd. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $98.18.

Dollar General Price Performance

Dollar General stock opened at $68.44 on Friday. The firm has a market capitalization of $15.05 billion, a P/E ratio of 11.28, a PEG ratio of 2.12 and a beta of 0.44. The business has a 50-day moving average of $75.71 and a 200-day moving average of $92.28. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $168.07.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.08). The firm had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.26 EPS. On average, equities analysts anticipate that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a yield of 3.45%. Dollar General’s payout ratio is 38.88%.

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.