Magnetar Financial LLC Acquires Shares of 4,883 Dollar General Co. (NYSE:DG)

Magnetar Financial LLC acquired a new stake in Dollar General Co. (NYSE:DG) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 4,883 shares of the company’s stock, valued at approximately $370,000.

A number of other hedge funds have also recently bought and sold shares of the company. Kazazian Asset Management LLC bought a new position in Dollar General in the 4th quarter valued at $1,024,000. Platinum Investment Management Ltd. bought a new position in Dollar General in the 4th quarter valued at $87,000. Xponance Inc. boosted its position in Dollar General by 1.5% in the 4th quarter. Xponance Inc. now owns 31,098 shares of the company’s stock valued at $2,358,000 after buying an additional 468 shares during the last quarter. Intech Investment Management LLC boosted its position in shares of Dollar General by 126.1% in the 4th quarter. Intech Investment Management LLC now owns 58,699 shares of the company’s stock worth $4,451,000 after purchasing an additional 32,740 shares during the last quarter. Finally, Generali Asset Management SPA SGR bought a new position in shares of Dollar General in the 4th quarter worth $315,000. 91.77% of the stock is currently owned by institutional investors.

Insider Activity at Dollar General

In related news, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the sale, the director now owns 120,322 shares of the company’s stock, valued at approximately $9,056,636.94. The trade was a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is owned by company insiders.

Dollar General Stock Performance

DG opened at $83.84 on Friday. The business’s 50-day moving average price is $74.58 and its two-hundred day moving average price is $77.72. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $164.12. The company has a market capitalization of $18.44 billion, a price-to-earnings ratio of 13.81, a P/E/G ratio of 2.18 and a beta of 0.44. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.26 billion. During the same quarter last year, the business posted $1.83 EPS. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. Equities analysts expect that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date is Tuesday, April 8th. Dollar General’s dividend payout ratio is currently 46.18%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Barclays reduced their price target on Dollar General from $102.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, January 9th. Evercore ISI reduced their price target on Dollar General from $97.00 to $95.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 3rd. Wells Fargo & Company reduced their price target on Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 5th. Citigroup reduced their price target on Dollar General from $73.00 to $69.00 and set a “sell” rating on the stock in a research report on Friday, March 7th. Finally, Morgan Stanley reduced their price target on Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Dollar General currently has an average rating of “Hold” and an average price target of $92.26.

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.