Moore Capital Management LP Makes New Investment in Dollar General Co. (NYSE:DG)

Moore Capital Management LP purchased a new position in shares of Dollar General Co. (NYSE:DG – Get Rating) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 33,386 shares of the company’s stock, valued at approximately $8,008,000.

A number of other institutional investors also recently bought and sold shares of DG. FMR LLC raised its position in Dollar General by 25.5% during the 2nd quarter. FMR LLC now owns 7,002,653 shares of the company’s stock worth $1,718,731,000 after buying an additional 1,424,310 shares during the last quarter. AKO Capital LLP increased its holdings in shares of Dollar General by 51.0% during the 2nd quarter. AKO Capital LLP now owns 1,298,840 shares of the company’s stock valued at $318,787,000 after purchasing an additional 438,407 shares in the last quarter. Prudential Financial Inc. increased its holdings in shares of Dollar General by 130.2% during the 2nd quarter. Prudential Financial Inc. now owns 460,390 shares of the company’s stock valued at $113,001,000 after purchasing an additional 260,371 shares in the last quarter. CI Investments Inc. increased its holdings in shares of Dollar General by 441.1% during the 2nd quarter. CI Investments Inc. now owns 293,582 shares of the company’s stock valued at $72,057,000 after purchasing an additional 239,330 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Dollar General by 82.5% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 505,728 shares of the company’s stock valued at $124,129,000 after purchasing an additional 228,681 shares in the last quarter. 90.73% of the stock is owned by hedge funds and other institutional investors.

Dollar General Price Performance

Dollar General stock opened at $217.66 on Thursday. Dollar General Co. has a 52-week low of $183.25 and a 52-week high of $262.20. The firm has a market capitalization of $48.66 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 1.76 and a beta of 0.34. The company has a fifty day simple moving average of $230.80 and a 200-day simple moving average of $240.55. The company has a quick ratio of 0.13, a current ratio of 1.23 and a debt-to-equity ratio of 0.98.

Insider Transactions at Dollar General

In other news, Director Warren F. Bryant sold 1,951 shares of the company’s stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $243.93, for a total transaction of $475,907.43. Following the completion of the sale, the director now owns 38,269 shares of the company’s stock, valued at $9,334,957.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DG shares. Raymond James cut their target price on shares of Dollar General from $280.00 to $255.00 and set a “strong-buy” rating for the company in a report on Friday, February 24th. Morgan Stanley cut their target price on shares of Dollar General from $255.00 to $235.00 and set an “overweight” rating for the company in a report on Friday, February 24th. Evercore ISI cut their target price on shares of Dollar General to $265.00 in a report on Friday, December 2nd. Piper Sandler cut their target price on shares of Dollar General from $288.00 to $275.00 and set an “overweight” rating for the company in a report on Tuesday, February 28th. Finally, Truist Financial dropped their price target on shares of Dollar General from $237.00 to $211.00 in a research note on Friday, February 24th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $255.25.

Dollar General 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.