Alpha Paradigm Partners LLC Makes New $384,000 Investment in Dollar General Co. (NYSE:DG)

Posted by on Mar 15th, 2023

Alpha Paradigm Partners LLC bought a new position in Dollar General Co. (NYSE:DG – Get Rating) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,599 shares of the company’s stock, valued at approximately $384,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Brookstone Capital Management grew its stake in shares of Dollar General by 24.0% in the third quarter. Brookstone Capital Management now owns 3,175 shares of the company’s stock worth $755,000 after purchasing an additional 615 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Dollar General by 6.3% in the third quarter. Commonwealth Equity Services LLC now owns 54,387 shares of the company’s stock worth $13,045,000 after purchasing an additional 3,217 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Dollar General by 4.1% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 769,247 shares of the company’s stock worth $184,512,000 after purchasing an additional 29,976 shares in the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives grew its stake in shares of Dollar General by 17.1% in the third quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 82,000 shares of the company’s stock worth $19,669,000 after purchasing an additional 12,000 shares in the last quarter. Finally, Fiera Capital Corp boosted its stake in Dollar General by 1.6% during the third quarter. Fiera Capital Corp now owns 18,683 shares of the company’s stock valued at $4,383,000 after buying an additional 300 shares in the last quarter. 90.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on DG shares. Evercore ISI decreased their target price on Dollar General to $265.00 in a research note on Friday, December 2nd. Credit Suisse Group began coverage on Dollar General in a research note on Monday, December 19th. They set a “neutral” rating and a $260.00 target price for the company. Piper Sandler reduced their target price on Dollar General from $288.00 to $275.00 and set an “overweight” rating for the company in a report on Tuesday, February 28th. Deutsche Bank Aktiengesellschaft reduced their target price on Dollar General from $276.00 to $248.00 in a report on Friday, February 24th. Finally, BMO Capital Markets reduced their target price on Dollar General from $265.00 to $255.00 in a report on Friday, December 2nd. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $255.25.

Dollar General Stock Down 0.6 %

DG opened at $215.51 on Wednesday. Dollar General Co. has a fifty-two week low of $183.25 and a fifty-two week high of $262.20. The business has a 50-day moving average of $228.37 and a 200-day moving average of $239.71. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.23 and a quick ratio of 0.13. The company has a market capitalization of $48.18 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 1.73 and a beta of 0.34.

Insider Activity

In other news, Director Warren F. Bryant sold 1,951 shares of the stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $243.93, for a total transaction of $475,907.43. Following the transaction, the director now owns 38,269 shares of the company’s stock, valued at approximately $9,334,957.17. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.60% of the stock is currently owned by insiders.

Dollar General Company Profile

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Dollar General Corp. engages in the operation of merchandise stores. Its offerings include food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items. It sells brands including Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J.

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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