Polymer Capital Management US LLC Makes New $630,000 Investment in Dollar General Co. (NYSE:DG)

Polymer Capital Management US LLC acquired a new stake in Dollar General Co. (NYSE:DG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,311 shares of the company’s stock, valued at approximately $630,000.

A number of other hedge funds have also recently modified their holdings of DG. SBI Securities Co. Ltd. purchased a new position in Dollar General in the 4th quarter valued at about $57,000. Eagle Rock Investment Company LLC lifted its stake in shares of Dollar General by 16.3% in the 4th quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company’s stock valued at $2,186,000 after purchasing an additional 4,048 shares during the last quarter. Leibman Financial Services Inc. purchased a new position in Dollar General during the fourth quarter worth about $2,018,000. DAVENPORT & Co LLC boosted its position in shares of Dollar General by 5,624.9% during the 4th quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company’s stock worth $24,385,000 after purchasing an additional 316,005 shares during the period. Finally, Matrix Asset Advisors Inc. NY purchased a new stake in shares of Dollar General in the 4th quarter valued at $6,158,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Trading Down 1.7 %

Shares of DG stock opened at $92.82 on Monday. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $159.52. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The firm has a fifty day moving average of $78.10 and a 200-day moving average of $78.02. The stock has a market cap of $20.41 billion, a price-to-earnings ratio of 15.29, a P/E/G ratio of 2.18 and a beta of 0.40.

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 analysts’ consensus estimates of $1.51 by $0.17. The business had revenue of $10.30 billion during the quarter, compared to analysts’ expectations of $10.26 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.83 earnings per share. On average, equities research analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm 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 yield of 2.54%. The ex-dividend date is Tuesday, April 8th. Dollar General’s dividend payout ratio (DPR) is currently 46.18%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Barclays decreased their price target on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, January 9th. Gordon Haskett cut shares of Dollar General from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Morgan Stanley dropped their target price on Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Bank of America lowered their price objective on Dollar General from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $85.00 price target on shares of Dollar General in a research note on Thursday, March 13th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $92.26.

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.