Proficio Capital Partners LLC Invests $3.85 Million in Dollar General Co. (NYSE:DG)

Proficio Capital Partners LLC purchased a new position in shares of Dollar General Co. (NYSE:DG) during the fourth quarter, HoldingsChannel reports. The firm purchased 50,724 shares of the company’s stock, valued at approximately $3,846,000.

Several other large investors have also recently added to or reduced their stakes in DG. Atria Investments Inc grew its holdings in shares of Dollar General by 542.0% in the 4th quarter. Atria Investments Inc now owns 107,689 shares of the company’s stock worth $8,165,000 after acquiring an additional 90,915 shares during the period. Victory Capital Management Inc. grew its holdings in Dollar General by 6.3% in the fourth quarter. Victory Capital Management Inc. now owns 177,091 shares of the company’s stock valued at $13,427,000 after purchasing an additional 10,517 shares during the last quarter. Cornerstone Investment Partners LLC increased its position in shares of Dollar General by 27.4% in the fourth quarter. Cornerstone Investment Partners LLC now owns 428,383 shares of the company’s stock valued at $32,480,000 after buying an additional 92,063 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Dollar General by 11.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,592,749 shares of the company’s stock worth $120,762,000 after buying an additional 157,789 shares in the last quarter. Finally, ACR Alpine Capital Research LLC grew its stake in Dollar General by 8,426.1% in the 4th quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company’s stock valued at $306,424,000 after acquiring an additional 3,994,070 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DG has been the subject of a number of research reports. BMO Capital Markets lifted their target price on shares of Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Bank of America reduced their target price on Dollar General from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday. Truist Financial lowered their target price on Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a report on Friday, December 6th. Evercore ISI cut their price target on Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a report on Tuesday, December 3rd. Finally, The Goldman Sachs Group decreased their price objective on Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Dollar General presently has a consensus rating of “Hold” and an average price target of $92.26.

Dollar General Trading Up 1.1 %

DG stock opened at $79.87 on Tuesday. 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 company has a market cap of $17.56 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 2.18 and a beta of 0.44. The business has a fifty day simple moving average of $73.77 and a 200-day simple moving average of $77.71. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $164.12.

Dollar General (NYSE:DG) last announced 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. The company had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.26 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.83 earnings per share. On average, equities research analysts expect that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.95%. Dollar General’s dividend payout ratio (DPR) is 46.18%.

Insiders Place Their Bets

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the transaction, the director now owns 120,322 shares in the company, valued at $9,056,636.94. The trade was a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.49% of the stock is owned by insiders.

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.