Moors & Cabot Inc. Increases Holdings in Dollar General Co. (NYSE:DG)

Moors & Cabot Inc. grew its holdings in Dollar General Co. (NYSE:DGFree Report) by 13.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,139 shares of the company’s stock after acquiring an additional 247 shares during the quarter. Moors & Cabot Inc.’s holdings in Dollar General were worth $226,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. D.A. Davidson & CO. increased its stake in Dollar General by 21.6% in the first quarter. D.A. Davidson & CO. now owns 1,034 shares of the company’s stock valued at $230,000 after purchasing an additional 184 shares during the last quarter. Dakota Wealth Management acquired a new position in shares of Dollar General in the 1st quarter valued at $474,000. Baird Financial Group Inc. grew its position in shares of Dollar General by 26.3% in the 1st quarter. Baird Financial Group Inc. now owns 58,834 shares of the company’s stock valued at $13,098,000 after buying an additional 12,262 shares during the last quarter. Covestor Ltd raised its stake in Dollar General by 156.4% during the 1st quarter. Covestor Ltd now owns 418 shares of the company’s stock worth $93,000 after acquiring an additional 255 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in Dollar General by 17.7% in the first quarter. Mackenzie Financial Corp now owns 71,629 shares of the company’s stock valued at $15,947,000 after acquiring an additional 10,773 shares during the last quarter. Institutional investors and hedge funds own 90.37% of the company’s stock.

Wall Street Analysts Forecast Growth

DG has been the topic of several research reports. Gordon Haskett upgraded Dollar General from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a research report on Friday, October 13th. Truist Financial lifted their price target on Dollar General from $117.00 to $125.00 and gave the stock a “hold” rating in a research report on Monday, December 18th. JPMorgan Chase & Co. increased their price objective on Dollar General from $108.00 to $120.00 and gave the company an “underweight” rating in a report on Monday, January 29th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $124.00 target price on shares of Dollar General in a report on Monday, December 4th. Finally, HSBC upgraded shares of Dollar General from a “reduce” rating to a “hold” rating and set a $102.00 price target for the company in a research note on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and an average target price of $146.32.

Get Our Latest Research Report on DG

Dollar General Trading Up 0.1 %

NYSE:DG opened at $134.31 on Wednesday. The company has a market capitalization of $29.48 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 2.53 and a beta of 0.39. Dollar General Co. has a 52-week low of $101.09 and a 52-week high of $233.74. The stock has a fifty day simple moving average of $133.00 and a 200-day simple moving average of $131.78. The company has a quick ratio of 0.13, a current ratio of 1.22 and a debt-to-equity ratio of 1.00.

Dollar General (NYSE:DGGet Free Report) last announced its quarterly earnings results on Thursday, December 7th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.07. Dollar General had a net margin of 4.91% and a return on equity of 31.68%. The company had revenue of $9.69 billion for the quarter, compared to the consensus estimate of $9.64 billion. During the same quarter in the prior year, the firm earned $2.33 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, equities research analysts expect that Dollar General Co. will post 7.45 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date was Monday, January 8th. Dollar General’s payout ratio is currently 27.16%.

Dollar General Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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