Frontier Capital Management Co. LLC Has $52.35 Million Stock Position in Dollar General Co. (NYSE:DG)

Frontier Capital Management Co. LLC boosted its position in shares of Dollar General Co. (NYSE:DG) by 149.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 385,042 shares of the company’s stock after purchasing an additional 230,540 shares during the period. Frontier Capital Management Co. LLC owned about 0.18% of Dollar General worth $52,346,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. ORG Partners LLC grew its holdings in Dollar General by 13.2% during the 4th quarter. ORG Partners LLC now owns 754 shares of the company’s stock worth $103,000 after acquiring an additional 88 shares during the last quarter. Horrell Capital Management Inc. grew its stake in shares of Dollar General by 0.3% during the fourth quarter. Horrell Capital Management Inc. now owns 29,224 shares of the company’s stock valued at $3,973,000 after purchasing an additional 94 shares during the last quarter. MV Capital Management Inc. increased its holdings in shares of Dollar General by 78.0% in the fourth quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock valued at $30,000 after purchasing an additional 96 shares in the last quarter. Covestor Ltd raised its position in Dollar General by 48.3% in the 3rd quarter. Covestor Ltd now owns 304 shares of the company’s stock worth $33,000 after purchasing an additional 99 shares during the last quarter. Finally, Czech National Bank increased its stake in shares of Dollar General by 0.3% in the 4th quarter. Czech National Bank now owns 38,439 shares of the company’s stock valued at $5,226,000 after buying an additional 102 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Price Performance

Dollar General stock traded down $0.70 during midday trading on Tuesday, reaching $126.99. The company’s stock had a trading volume of 716,733 shares, compared to its average volume of 2,420,927. The business has a 50-day moving average price of $142.48 and a 200-day moving average price of $140.25. The stock has a market cap of $27.93 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 2.49 and a beta of 0.45. Dollar General Co. has a 52 week low of $101.09 and a 52 week high of $173.47. The company has a current ratio of 1.22, a quick ratio of 0.18 and a debt-to-equity ratio of 0.89.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, May 30th. The company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.08. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The firm had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.89 billion. During the same period last year, the firm posted $2.34 earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, sell-side analysts predict that Dollar General Co. will post 7.22 EPS for the current year.

Dollar General Dividend Announcement

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

Wall Street Analyst Weigh In

DG has been the subject of several analyst reports. The Goldman Sachs Group lifted their price target on shares of Dollar General from $147.00 to $169.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Evercore ISI dropped their target price on shares of Dollar General from $162.00 to $160.00 and set an “in-line” rating for the company in a research report on Tuesday, April 2nd. Oppenheimer reissued a “market perform” rating on shares of Dollar General in a research note on Wednesday, March 6th. Truist Financial reduced their target price on Dollar General from $140.00 to $135.00 and set a “hold” rating on the stock in a report on Friday, May 31st. Finally, BMO Capital Markets cut their target price on Dollar General from $150.00 to $140.00 and set a “market perform” rating on the stock in a research note on Friday, May 31st. Twelve research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $148.41.

Insider Buying and Selling

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

About Dollar General

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.