Natixis Has $17.87 Million Stock Holdings in Dollar General Co. (NYSE:DG)

by · The Cerbat Gem

Natixis increased its position in shares of Dollar General Co. (NYSE:DG – Free Report) by 50.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 235,660 shares of the company’s stock after acquiring an additional 79,268 shares during the quarter. Natixis owned about 0.11% of Dollar General worth $17,868,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Ossiam grew its holdings in shares of Dollar General by 7.9% in the 4th quarter. Ossiam now owns 3,964 shares of the company’s stock valued at $301,000 after buying an additional 291 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Dollar General by 4.3% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 6,322 shares of the company’s stock valued at $479,000 after acquiring an additional 263 shares during the last quarter. First Trust Advisors LP increased its position in shares of Dollar General by 687.3% during the 4th quarter. First Trust Advisors LP now owns 515,016 shares of the company’s stock worth $39,049,000 after purchasing an additional 449,604 shares during the last quarter. Forum Financial Management LP bought a new stake in Dollar General during the fourth quarter worth $245,000. Finally, Cadence Bank bought a new stake in shares of Dollar General in the 4th quarter valued at about $318,000. Institutional investors own 91.77% of the company’s stock.

Dollar General Trading Up 4.2 %

Shares of Dollar General stock opened at $93.15 on Friday. The company’s 50-day moving average price is $82.11 and its 200-day moving average price is $78.45. The company has a market cap of $20.49 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 2.18 and a beta of 0.40. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $147.87. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78.

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

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Tuesday, April 8th. Dollar General’s payout ratio is 46.18%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Citigroup upgraded shares of Dollar General from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $69.00 to $101.00 in a research report on Monday, April 7th. Truist Financial raised their target price on shares of Dollar General from $76.00 to $93.00 and gave the company a “hold” rating in a report on Tuesday, April 8th. Gordon Haskett cut Dollar General from a “hold” rating to a “reduce” rating in a report on Wednesday, April 9th. Telsey Advisory Group reiterated a “market perform” rating and issued a $85.00 target price on shares of Dollar General in a research report on Thursday, March 13th. Finally, Barclays reduced their price target on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, January 9th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Dollar General currently has an average rating of “Hold” and a consensus target price of $94.75.

View Our Latest Report on DG

Insider Buying and Selling

In related 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 value of $76,628.48. Following the transaction, the executive vice president now owns 48,532 shares of the company’s stock, valued at $4,596,951.04. This represents a 1.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is owned by company insiders.

About Dollar General

(Free Report)

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.

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