Bank OZK Has $1.06 Million Holdings in Dollar General Co. (NYSE:DG)

Bank OZK raised its holdings in shares of Dollar General Co. (NYSE:DG) by 21.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,785 shares of the company’s stock after buying an additional 1,394 shares during the quarter. Bank OZK’s holdings in Dollar General were worth $1,058,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Dollar General during the fourth quarter valued at approximately $25,000. Studio Investment Management LLC bought a new stake in shares of Dollar General during the third quarter valued at approximately $26,000. MV Capital Management Inc. increased its position in shares of Dollar General by 78.0% during the fourth quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock valued at $30,000 after purchasing an additional 96 shares during the period. Covestor Ltd grew its position in Dollar General by 48.3% in the third quarter. Covestor Ltd now owns 304 shares of the company’s stock valued at $33,000 after acquiring an additional 99 shares during the period. Finally, Lowe Wealth Advisors LLC bought a new stake in Dollar General in the fourth quarter valued at $33,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DG has been the topic of a number of analyst reports. BMO Capital Markets upped their price target on Dollar General from $130.00 to $160.00 and gave the company a “market perform” rating in a research report on Friday, March 15th. Argus upped their price target on Dollar General from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. JPMorgan Chase & Co. upped their price target on Dollar General from $158.00 to $161.00 and gave the company a “neutral” rating in a research report on Monday, April 15th. Evercore ISI lowered their price target on Dollar General from $162.00 to $160.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 2nd. Finally, Wells Fargo & Company upped their price target on Dollar General from $125.00 to $155.00 and gave the company an “equal weight” rating in a research report on Friday, March 15th. Fifteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Dollar General has a consensus rating of “Hold” and an average price target of $153.08.

Dollar General Trading Down 0.4 %

Shares of DG traded down $0.58 during trading hours on Friday, hitting $142.07. 1,378,667 shares of the stock traded hands, compared to its average volume of 1,915,899. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92. Dollar General Co. has a 1-year low of $101.09 and a 1-year high of $222.99. The firm has a market capitalization of $31.21 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 2.55 and a beta of 0.42. The business has a fifty day moving average of $150.37 and a 200-day moving average of $135.46.

Dollar General (NYSE:DG) last released its earnings results on Thursday, March 14th. The company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.09. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The firm had revenue of $9.86 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same quarter in the prior year, the firm posted $2.96 earnings per share. The company’s quarterly revenue was down 3.4% on a year-over-year basis. Analysts expect that Dollar General Co. will post 7.28 EPS for the current year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.66%. The ex-dividend date was Monday, April 8th. Dollar General’s payout ratio is 31.22%.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $162.23, for a total value of $958,617.07. Following the transaction, the executive vice president now owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Carman R. Wenkoff sold 5,909 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $162.23, for a total transaction of $958,617.07. Following the sale, the executive vice president now owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ralph Santana sold 3,009 shares of the firm’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $155.72, for a total value of $468,561.48. Following the sale, the director now directly owns 3,248 shares in the company, valued at approximately $505,778.56. 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.