Syon Capital LLC Purchases Shares of 2,475 Dollar General Co. (NYSE:DG)

Syon Capital LLC acquired a new position in Dollar General Co. (NYSE:DG) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,475 shares of the company’s stock, valued at approximately $337,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Comerica Bank bought a new position in shares of Dollar General in the 3rd quarter worth about $12,047,000. Prime Capital Investment Advisors LLC increased its stake in shares of Dollar General by 294.5% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 18,924 shares of the company’s stock worth $2,573,000 after acquiring an additional 14,127 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Dollar General in the 4th quarter worth about $18,861,000. Professional Advisory Services Inc. increased its stake in shares of Dollar General by 12.6% in the 4th quarter. Professional Advisory Services Inc. now owns 150,960 shares of the company’s stock worth $20,523,000 after acquiring an additional 16,899 shares in the last quarter. Finally, FIL Ltd increased its stake in shares of Dollar General by 31.4% in the 4th quarter. FIL Ltd now owns 1,340,157 shares of the company’s stock worth $182,194,000 after acquiring an additional 320,157 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Morgan Stanley increased their price objective on shares of Dollar General from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. JPMorgan Chase & Co. cut their price objective on shares of Dollar General from $161.00 to $137.00 and set a “neutral” rating on the stock in a research report on Friday, May 31st. Argus increased their price objective on shares of Dollar General from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Telsey Advisory Group reissued an “outperform” rating and set a $170.00 price objective on shares of Dollar General in a research report on Thursday, May 30th. Finally, Piper Sandler cut their price objective on shares of Dollar General from $147.00 to $141.00 and set a “neutral” rating on the stock in a research report on Friday, May 31st. Twelve research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dollar General presently has an average rating of “Hold” and a consensus target price of $148.41.

Dollar General Stock Performance

DG opened at $126.89 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 0.18 and a debt-to-equity ratio of 0.89. The company has a market cap of $27.90 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 2.47 and a beta of 0.45. The company’s 50 day moving average is $139.26 and its 200 day moving average is $140.18. Dollar General Co. has a 12-month low of $101.09 and a 12-month high of $173.47.

Dollar General (NYSE:DG) last released its earnings results on Thursday, May 30th. The company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.08. Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The company had revenue of $9.91 billion for the quarter, compared to analysts’ expectations of $9.89 billion. During the same quarter last year, the business earned $2.34 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts predict that Dollar General Co. will post 7.21 EPS for the current year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Tuesday, July 9th. Dollar General’s payout ratio is 34.35%.

Insiders Place Their Bets

In other Dollar General news, Director Ralph Santana sold 3,009 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following the sale, the director now owns 3,248 shares in the company, valued at approximately $505,778.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following the sale, the director now owns 3,248 shares in the company, valued at $505,778.56. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General 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 sale, the executive vice president now owns 28,579 shares in the company, valued at approximately $4,636,371.17. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

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.