Teza Capital Management LLC Buys 10,106 Shares of Dollar General Co. (NYSE:DG)

Teza Capital Management LLC raised its stake in shares of Dollar General Co. (NYSE:DG) by 22.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 55,506 shares of the company’s stock after purchasing an additional 10,106 shares during the period. Dollar General accounts for 0.6% of Teza Capital Management LLC’s holdings, making the stock its 25th biggest position. Teza Capital Management LLC’s holdings in Dollar General were worth $4,208,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of DG. State of Wyoming lifted its position in shares of Dollar General by 174.7% in the fourth quarter. State of Wyoming now owns 4,810 shares of the company’s stock valued at $365,000 after acquiring an additional 3,059 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Dollar General by 17.4% in the fourth quarter. Toronto Dominion Bank now owns 117,720 shares of the company’s stock valued at $8,926,000 after acquiring an additional 17,478 shares in the last quarter. Studio Investment Management LLC lifted its position in shares of Dollar General by 16.4% in the fourth quarter. Studio Investment Management LLC now owns 989 shares of the company’s stock valued at $75,000 after acquiring an additional 139 shares in the last quarter. Siemens Fonds Invest GmbH lifted its position in shares of Dollar General by 390.9% in the fourth quarter. Siemens Fonds Invest GmbH now owns 12,429 shares of the company’s stock valued at $942,000 after acquiring an additional 9,897 shares in the last quarter. Finally, Rafferty Asset Management LLC lifted its position in shares of Dollar General by 10.2% in the fourth quarter. Rafferty Asset Management LLC now owns 24,285 shares of the company’s stock valued at $1,841,000 after acquiring an additional 2,252 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Dollar General Stock Up 0.6%

Shares of NYSE:DG opened at $93.55 on Friday. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $147.79. The stock has a market cap of $20.58 billion, a P/E ratio of 15.41, a price-to-earnings-growth ratio of 2.18 and a beta of 0.27. The business’s 50 day moving average is $88.81 and its 200 day moving average is $79.96. 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 announced 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. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.26 billion. During the same quarter in the prior year, the firm earned $1.83 earnings per share. Dollar General’s revenue was up 4.5% compared to the same quarter last year. Sell-side analysts predict that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $2.36 annualized dividend and a yield of 2.52%. Dollar General’s dividend payout ratio (DPR) is currently 46.18%.

Analysts Set New Price Targets

Several brokerages have recently commented on DG. Gordon Haskett downgraded Dollar General from a “hold” rating to a “reduce” rating in a research report on Wednesday, April 9th. Melius upgraded Dollar General from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research report on Tuesday, April 8th. Melius Research upgraded Dollar General from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 8th. Truist Financial boosted their target price on Dollar General from $76.00 to $93.00 and gave the stock a “hold” rating in a research report on Tuesday, April 8th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Dollar General in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $95.16.

Insider Buying and Selling

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the stock in a transaction on Friday, April 4th. The stock was sold at an average price of $94.72, for a total transaction of $76,628.48. Following the sale, the executive vice president now owns 48,532 shares of the company’s stock, valued at approximately $4,596,951.04. This trade represents a 1.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.56% 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.