Skopos Labs Inc. Purchases Shares of 1,516 Dollar General Co. (NYSE:DG)

Skopos Labs Inc. purchased a new stake in Dollar General Co. (NYSE:DG) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,516 shares of the company’s stock, valued at approximately $206,000.

A number of other institutional investors have also recently bought and sold shares of DG. NBC Securities Inc. acquired a new stake in shares of Dollar General in the third quarter valued at approximately $271,000. Ieq Capital LLC raised its holdings in shares of Dollar General by 52.7% in the third quarter. Ieq Capital LLC now owns 7,759 shares of the company’s stock valued at $821,000 after purchasing an additional 2,677 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Dollar General by 4.9% in the third quarter. Victory Capital Management Inc. now owns 86,953 shares of the company’s stock valued at $9,200,000 after purchasing an additional 4,024 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Dollar General by 4.8% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 252,720 shares of the company’s stock valued at $26,738,000 after purchasing an additional 11,628 shares during the last quarter. Finally, Crystal Rock Capital Management raised its holdings in shares of Dollar General by 1.8% in the third quarter. Crystal Rock Capital Management now owns 18,380 shares of the company’s stock valued at $1,945,000 after purchasing an additional 325 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on DG shares. Truist Financial boosted their target price on shares of Dollar General from $125.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, March 15th. Argus boosted their target price on shares of Dollar General from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Evercore ISI lowered their target price on shares of Dollar General from $162.00 to $160.00 and set an “in-line” rating on the stock in a report on Tuesday, April 2nd. Wells Fargo & Company boosted their target price on shares of Dollar General from $125.00 to $155.00 and gave the stock an “equal weight” rating in a report on Friday, March 15th. Finally, BMO Capital Markets boosted their target price on shares of Dollar General from $130.00 to $160.00 and gave the stock a “market perform” rating in a report on Friday, March 15th. Fifteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Dollar General currently has an average rating of “Hold” and a consensus price target of $153.08.

Dollar General Price Performance

DG traded up $6.11 on Friday, hitting $145.23. 2,230,090 shares of the stock were exchanged, compared to its average volume of 2,157,991. Dollar General Co. has a 12 month low of $101.09 and a 12 month high of $206.26. The business has a 50-day moving average of $146.72 and a two-hundred day moving average of $139.04. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.19 and a quick ratio of 0.15. The firm has a market capitalization of $31.90 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 2.87 and a beta of 0.44.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, March 14th. The company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.09. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The business had revenue of $9.86 billion during the quarter, compared to analysts’ expectations of $9.77 billion. During the same quarter in the prior year, the business posted $2.96 earnings per share. Dollar General’s revenue was down 3.4% compared to the same quarter last year. Sell-side analysts forecast that Dollar General Co. will post 7.27 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend was Monday, April 8th. Dollar General’s payout ratio is 31.22%.

Insiders Place Their Bets

In other Dollar General news, Director Ralph Santana sold 3,009 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $155.72, for a total transaction of $468,561.48. Following the completion of the transaction, the director now owns 3,248 shares of the company’s stock, valued at $505,778.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Ralph Santana sold 3,009 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the transaction, the director now owns 3,248 shares of the company’s stock, valued at $505,778.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Carman R. Wenkoff sold 5,909 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 28,579 shares of the company’s stock, valued at approximately $4,636,371.17. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

About Dollar General

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.