K.J. Harrison & Partners Inc Makes New Investment in Dollar General Co. (NYSE:DG)

K.J. Harrison & Partners Inc purchased a new stake in Dollar General Co. (NYSE:DG) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 25,300 shares of the company’s stock, valued at approximately $3,440,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Comerica Bank purchased a new stake in Dollar General in the 3rd quarter worth approximately $12,047,000. Prime Capital Investment Advisors LLC boosted its stake in Dollar General by 294.5% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 18,924 shares of the company’s stock valued at $2,573,000 after buying an additional 14,127 shares during the period. International Assets Investment Management LLC bought a new stake in Dollar General during the fourth quarter valued at $18,861,000. Professional Advisory Services Inc. grew its position in Dollar General by 12.6% during the fourth quarter. Professional Advisory Services Inc. now owns 150,960 shares of the company’s stock worth $20,523,000 after buying an additional 16,899 shares in the last quarter. Finally, Live Oak Private Wealth LLC purchased a new stake in shares of Dollar General in the 3rd quarter valued at about $1,374,000. 91.77% of the stock is currently owned by institutional investors.

Insider Activity

In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $162.23, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total value of $958,617.07. Following the completion of the transaction, the executive vice president now owns 28,579 shares in the company, valued at $4,636,371.17. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ralph Santana sold 3,009 shares of the business’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 in the company, valued at approximately $505,778.56. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

DG has been the subject of several recent analyst reports. Truist Financial boosted their price objective on Dollar General from $125.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, March 15th. StockNews.com raised shares of Dollar General from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Barclays upgraded shares of Dollar General from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $124.00 to $154.00 in a research report on Thursday, January 4th. Argus raised their price target on Dollar General from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Finally, Morgan Stanley upped their price objective on Dollar General from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Fifteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Dollar General presently has a consensus rating of “Hold” and an average target price of $153.08.

Dollar General Trading Down 0.4 %

Shares of NYSE DG traded down $0.58 during trading hours on Friday, hitting $142.07. The company’s stock had a trading volume of 1,378,408 shares, compared to its average volume of 2,314,912. The business has a 50-day simple moving average of $150.37 and a 200-day simple moving average of $135.46. The stock has a market cap of $31.21 billion, a price-to-earnings ratio of 18.79, a P/E/G ratio of 2.56 and a beta of 0.42. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.15 and a current ratio of 1.19. Dollar General Co. has a 12 month low of $101.09 and a 12 month high of $222.99.

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

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were given a $0.59 dividend. The ex-dividend date was Monday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 1.66%. Dollar General’s dividend payout ratio is 31.22%.

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.