Dollar General Co. (NYSE:DG) Shares Acquired by Capital Advisors Ltd. LLC

Capital Advisors Ltd. LLC boosted its holdings in Dollar General Co. (NYSE:DG) by 10.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 994 shares of the company’s stock after purchasing an additional 98 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Dollar General were worth $155,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. acquired a new position in Dollar General during the fourth quarter worth approximately $25,000. Studio Investment Management LLC acquired a new position in shares of Dollar General in the 3rd quarter valued at $26,000. Burkett Financial Services LLC purchased a new stake in Dollar General in the 4th quarter valued at $26,000. Fortis Group Advisors LLC boosted its stake in Dollar General by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock worth $27,000 after purchasing an additional 100 shares during the period. Finally, MV Capital Management Inc. grew its position in Dollar General by 78.0% during the 4th quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock worth $30,000 after purchasing an additional 96 shares during the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DG. Loop Capital increased their target price on shares of Dollar General from $135.00 to $140.00 and gave the stock a “hold” rating in a research note on Friday, June 28th. JPMorgan Chase & Co. dropped their target price on Dollar General from $161.00 to $137.00 and set a “neutral” rating on the stock in a report on Friday, May 31st. BMO Capital Markets decreased their price target on Dollar General from $150.00 to $140.00 and set a “market perform” rating for the company in a report on Friday, May 31st. Truist Financial dropped their price objective on shares of Dollar General from $140.00 to $135.00 and set a “hold” rating on the stock in a research note on Friday, May 31st. Finally, Morgan Stanley upped their price objective on shares of Dollar General from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Twelve research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Dollar General presently has a consensus rating of “Hold” and a consensus price target of $148.09.

Insider Buying and Selling at Dollar General

In other news, EVP Carman R. Wenkoff sold 5,909 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total value of $958,617.07. Following the completion of the transaction, the executive vice president now directly 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 accessible through this hyperlink. In other news, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of the sale, the executive vice president now directly owns 28,579 shares in the company, valued at $4,636,371.17. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ralph Santana sold 3,009 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following the transaction, 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. 0.49% of the stock is owned by insiders.

Dollar General Stock Performance

Shares of DG stock opened at $129.47 on Wednesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.18 and a current ratio of 1.22. The stock has a market cap of $28.47 billion, a PE ratio of 18.85, a P/E/G ratio of 2.60 and a beta of 0.43. Dollar General Co. has a 1 year low of $101.09 and a 1 year high of $173.47. The stock has a fifty day moving average price of $135.52 and a 200 day moving average price of $140.06.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, May 30th. The company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.57 by $0.08. The business had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.89 billion. Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.34 EPS. Sell-side analysts forecast that Dollar General Co. will post 7.21 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Tuesday, July 9th. Dollar General’s payout ratio is currently 34.35%.

Dollar General 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.