MGO One Seven LLC Boosts Stake in Dollar General Co. (NYSE:DG)

MGO One Seven LLC increased its stake in shares of Dollar General Co. (NYSE:DG) by 36.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,956 shares of the company’s stock after buying an additional 3,448 shares during the quarter. MGO One Seven LLC’s holdings in Dollar General were worth $982,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Anchor Investment Management LLC raised its stake in shares of Dollar General by 8.3% in the third quarter. Anchor Investment Management LLC now owns 17,414 shares of the company’s stock worth $1,473,000 after purchasing an additional 1,333 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Dollar General in the 3rd quarter worth approximately $33,000. Tidal Investments LLC raised its position in Dollar General by 25.4% during the 3rd quarter. Tidal Investments LLC now owns 17,315 shares of the company’s stock worth $1,464,000 after buying an additional 3,504 shares during the last quarter. Franklin Resources Inc. lifted its stake in Dollar General by 17.6% during the 3rd quarter. Franklin Resources Inc. now owns 69,173 shares of the company’s stock valued at $5,517,000 after acquiring an additional 10,333 shares during the period. Finally, Birmingham Capital Management Co. Inc. AL purchased a new stake in shares of Dollar General in the 3rd quarter valued at $263,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Dollar General

In other news, EVP Emily C. Taylor sold 809 shares of Dollar General stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the sale, the executive vice president now owns 48,532 shares of the company’s stock, valued at approximately $4,596,951.04. The trade was a 1.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.56% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on DG shares. Gordon Haskett downgraded shares of Dollar General from a “hold” rating to a “reduce” rating in a research report on Wednesday, April 9th. Morgan Stanley lowered their target price on Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Piper Sandler raised their target price on Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a report on Friday, March 14th. Citigroup raised Dollar General from a “sell” rating to a “neutral” rating and boosted their price target for the company from $69.00 to $101.00 in a report on Monday, April 7th. Finally, Melius raised shares of Dollar General from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Dollar General presently has an average rating of “Hold” and a consensus target price of $94.75.

Dollar General Price Performance

Dollar General stock opened at $93.64 on Friday. The company has a fifty day simple moving average of $84.29 and a 200-day simple moving average of $78.88. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $20.60 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 2.18 and a beta of 0.40. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $147.87.

Dollar General (NYSE:DG) last released its earnings results on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.17. The business had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the company posted $1.83 EPS. On average, equities analysts anticipate that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date was Tuesday, April 8th. Dollar General’s dividend payout ratio (DPR) is presently 46.18%.

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.