Stevens Capital Management LP Makes New $483,000 Investment in Dollar General Co. (NYSE:DG)

Stevens Capital Management LP purchased a new position in shares of Dollar General Co. (NYSE:DG) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,365 shares of the company’s stock, valued at approximately $483,000.

Other hedge funds also recently bought and sold shares of the company. IMG Wealth Management Inc. purchased a new position in Dollar General during the fourth quarter worth approximately $25,000. Wilmington Savings Fund Society FSB purchased a new position in Dollar General during the third quarter worth approximately $33,000. Providence First Trust Co purchased a new position in Dollar General during the fourth quarter worth approximately $33,000. Bogart Wealth LLC raised its holdings in shares of Dollar General by 279.8% during the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock valued at $37,000 after acquiring an additional 361 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in shares of Dollar General by 126.4% during the fourth quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock valued at $38,000 after acquiring an additional 278 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on DG shares. Bank of America reduced their target price on Dollar General from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, March 14th. Telsey Advisory Group reissued a “market perform” rating and set a $85.00 target price on shares of Dollar General in a report on Thursday, March 13th. Morgan Stanley reduced their target price on Dollar General from $100.00 to $80.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Wells Fargo & Company reduced their target price on Dollar General from $90.00 to $80.00 and set an “equal weight” rating for the company in a report on Thursday, December 5th. Finally, Gordon Haskett cut Dollar General from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $92.26.

Insider Transactions at Dollar General

In related news, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction 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 completion of the transaction, the director now directly owns 120,322 shares in the company, valued at approximately $9,056,636.94. This trade represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.49% of the company’s stock.

Dollar General Trading Up 2.7 %

DG opened at $83.84 on Monday. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $164.12. The business has a fifty day simple moving average of $74.58 and a 200-day simple moving average of $77.70. The firm has a market cap of $18.44 billion, a P/E ratio of 13.81, a P/E/G ratio of 2.18 and a beta of 0.44. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, March 13th. The company reported $1.68 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 business had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.26 billion. During the same period last year, the business posted $1.83 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. On average, equities analysts expect that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.82%. Dollar General’s dividend payout ratio is currently 46.18%.

Dollar General 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.