Kazazian Asset Management LLC Buys New Shares in Dollar General Co. (NYSE:DG)

Kazazian Asset Management LLC bought a new stake in shares of Dollar General Co. (NYSE:DG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,510 shares of the company’s stock, valued at approximately $1,024,000. Dollar General makes up 0.8% of Kazazian Asset Management LLC’s investment portfolio, making the stock its 27th largest holding.

Other large investors have also made changes to their positions in the company. IMG Wealth Management Inc. purchased a new position in shares of Dollar General in the fourth quarter valued at about $25,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Dollar General in the third quarter valued at about $33,000. Providence First Trust Co purchased a new position in shares of Dollar General in the fourth quarter valued at about $33,000. Bogart Wealth LLC lifted its position in shares of Dollar General by 279.8% in the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock worth $37,000 after buying an additional 361 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its position in shares of Dollar General by 126.4% in the fourth quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock worth $38,000 after buying an additional 278 shares in the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Michael M. Calbert sold 6,000 shares of the stock in a transaction that occurred 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 transaction, the director now owns 120,322 shares of the company’s stock, valued at $9,056,636.94. This represents a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently commented on DG. Citigroup decreased their target price on Dollar General from $73.00 to $69.00 and set a “sell” rating on the stock in a research report on Friday, March 7th. Telsey Advisory Group reiterated a “market perform” rating and issued a $85.00 target price on shares of Dollar General in a research report on Thursday, March 13th. Barclays decreased their target price on Dollar General from $102.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, January 9th. The Goldman Sachs Group decreased their target price on Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Finally, 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 research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $92.26.

Dollar General Trading Up 2.0 %

DG opened at $81.44 on Wednesday. The stock has a market cap of $17.91 billion, a price-to-earnings ratio of 13.42, a P/E/G ratio of 2.18 and a beta of 0.44. The stock’s 50 day moving average price is $73.92 and its 200-day moving average price is $77.70. Dollar General Co. has a one year low of $66.43 and a one year high of $164.12. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.17. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.26 billion. During the same quarter in the prior year, the firm earned $1.83 earnings per share. Dollar General’s revenue was up 4.5% compared to the same quarter last year. On average, equities analysts forecast that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $2.36 annualized dividend and a yield of 2.90%. Dollar General’s dividend payout ratio (DPR) is currently 46.18%.

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.