Bayesian Capital Management LP Buys New Shares in Dollar General Co. (NYSE:DG)

Bayesian Capital Management LP purchased a new position in shares of Dollar General Co. (NYSE:DG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 68,004 shares of the company’s stock, valued at approximately $5,156,000. Dollar General accounts for about 0.6% of Bayesian Capital Management LP’s portfolio, making the stock its 22nd biggest holding.

Several other large investors have also added to or reduced their stakes in the company. Altshuler Shaham Ltd acquired a new position in shares of Dollar General in the 4th quarter valued at about $25,000. IMG Wealth Management Inc. purchased a new position in Dollar General during the fourth quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB acquired a new position in Dollar General in the third quarter valued at approximately $33,000. Providence First Trust Co purchased a new stake in Dollar General in the 4th quarter worth approximately $33,000. Finally, Bogart Wealth LLC grew its stake in shares of Dollar General by 279.8% during the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock worth $37,000 after purchasing an additional 361 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Stock Down 0.3 %

Shares of NYSE:DG opened at $90.24 on Friday. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $147.87. The stock has a market cap of $19.85 billion, a P/E ratio of 14.87, a PEG ratio of 2.18 and a beta of 0.40. The business has a fifty day moving average of $85.77 and a two-hundred day moving average of $79.22. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.17. The firm had revenue of $10.30 billion during the quarter, compared to analysts’ expectations of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. Dollar General’s revenue was up 4.5% compared to the same quarter last year. During the same period last year, the business earned $1.83 earnings per share. On average, research analysts expect that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were given a $0.59 dividend. The ex-dividend date was Tuesday, April 8th. This represents a $2.36 annualized dividend and a yield of 2.62%. Dollar General’s payout ratio is 46.18%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DG. Citigroup raised shares of Dollar General from a “sell” rating to a “neutral” rating and increased their price target for the stock from $69.00 to $101.00 in a report on Monday, April 7th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $80.00 price target (down previously from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. UBS Group lowered their price target on Dollar General from $108.00 to $95.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Gordon Haskett cut Dollar General from a “hold” rating to a “reduce” rating in a research report on Wednesday, April 9th. Finally, The Goldman Sachs Group decreased their target price on Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Dollar General has an average rating of “Hold” and an average price target of $94.75.

Insiders Place Their Bets

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the transaction, the executive vice president now owns 48,532 shares of the company’s stock, valued at $4,596,951.04. This trade represents a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.56% of the stock is owned by insiders.

Dollar General Company 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.