Royal Fund Management LLC Takes Position in Dollar General Co. (NYSE:DG)

Royal Fund Management LLC acquired a new position in shares of Dollar General Co. (NYSE:DG) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 15,817 shares of the company’s stock, valued at approximately $2,150,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Dollar General during the 4th quarter valued at approximately $25,000. Studio Investment Management LLC acquired a new stake in Dollar General during the 3rd quarter valued at $26,000. MV Capital Management Inc. increased its position in Dollar General by 78.0% during the 4th quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock worth $30,000 after purchasing an additional 96 shares in the last quarter. Covestor Ltd grew its holdings in shares of Dollar General by 48.3% during the third quarter. Covestor Ltd now owns 304 shares of the company’s stock worth $33,000 after buying an additional 99 shares in the last quarter. Finally, Lowe Wealth Advisors LLC acquired a new position in Dollar General in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Performance

DG traded up $0.34 on Friday, reaching $137.49. The company had a trading volume of 2,268,787 shares, compared to its average volume of 1,959,535. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.15 and a current ratio of 1.19. The company’s fifty day moving average is $150.07 and its 200 day moving average is $136.55. Dollar General Co. has a fifty-two week low of $101.09 and a fifty-two week high of $221.50. The stock has a market cap of $30.20 billion, a P/E ratio of 18.19, a P/E/G ratio of 2.46 and a beta of 0.44.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, March 14th. The company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.09. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The firm had revenue of $9.86 billion for the quarter, compared to the consensus estimate of $9.77 billion. During the same period in the prior year, the company posted $2.96 earnings per share. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. As a group, analysts predict that Dollar General Co. will post 7.28 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Monday, April 8th. Dollar General’s dividend payout ratio (DPR) is currently 31.22%.

Insider Buying and Selling

In other Dollar General news, Director Ralph Santana sold 3,009 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $505,778.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Dollar General news, 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 transaction, the executive vice president now owns 28,579 shares of the company’s stock, valued at approximately $4,636,371.17. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ralph Santana sold 3,009 shares of the stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction 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 disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on DG shares. Argus increased their price target on shares of Dollar General from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Evercore ISI dropped their price target on shares of Dollar General from $162.00 to $160.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. raised their price target on shares of Dollar General from $158.00 to $161.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. BMO Capital Markets upped their price objective on Dollar General from $130.00 to $160.00 and gave the company a “market perform” rating in a research note on Friday, March 15th. Finally, Truist Financial raised their price target on shares of Dollar General from $125.00 to $140.00 and gave the stock a “hold” rating in a research report on Friday, March 15th. Fifteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dollar General presently has an average rating of “Hold” and an average price target of $153.08.

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.