Los Angeles Capital Management LLC Invests $15.88 Million in Dollar General Corporation (NYSE:DG)

Los Angeles Capital Management LLC bought a new stake in shares of Dollar General Corporation (NYSE:DG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 180,552 shares of the company's stock, valued at approximately $15,876,000. Los Angeles Capital Management LLC owned 0.08% of Dollar General at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DG. Magnetar Financial LLC purchased a new stake in Dollar General during the 4th quarter valued at about $370,000. Virtu Financial LLC purchased a new stake in Dollar General during the 4th quarter valued at about $2,856,000. Mizuho Securities USA LLC boosted its holdings in Dollar General by 46.2% during the 4th quarter. Mizuho Securities USA LLC now owns 20,843 shares of the company's stock valued at $1,580,000 after acquiring an additional 6,584 shares during the period. American Century Companies Inc. boosted its holdings in Dollar General by 377.2% during the 4th quarter. American Century Companies Inc. now owns 280,275 shares of the company's stock valued at $21,250,000 after acquiring an additional 221,542 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in Dollar General during the 4th quarter valued at about $5,805,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DG has been the subject of several research analyst reports. Sanford C. Bernstein set a $120.00 price objective on Dollar General in a report on Friday, May 23rd. Piper Sandler increased their price objective on Dollar General from $112.00 to $115.00 and gave the stock a "neutral" rating in a report on Tuesday. UBS Group increased their price objective on Dollar General from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. KeyCorp reiterated a "sector weight" rating on shares of Dollar General in a report on Wednesday, June 4th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Dollar General in a report on Tuesday, June 3rd. Sixteen investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $108.40.

Insider Transactions at Dollar General

In related news, EVP Emily C. Taylor sold 1,969 shares of the business's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total value of $222,497.00. Following the sale, the executive vice president directly owned 46,563 shares in the company, valued at approximately $5,261,619. The trade was a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kathleen A. Reardon sold 6,438 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $111.56, for a total value of $718,223.28. Following the sale, the executive vice president directly owned 41,646 shares in the company, valued at $4,646,027.76. The trade was a 13.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.

Dollar General Stock Performance

NYSE DG traded down $0.48 on Thursday, hitting $108.77. 387,242 shares of the company traded hands, compared to its average volume of 3,883,435. The company has a market capitalization of $23.94 billion, a price-to-earnings ratio of 20.76, a P/E/G ratio of 2.69 and a beta of 0.31. The company has a current ratio of 1.23, a quick ratio of 0.20 and a debt-to-equity ratio of 0.74. The business's 50 day moving average price is $109.00 and its 200-day moving average price is $90.72. Dollar General Corporation has a 52-week low of $66.43 and a 52-week high of $126.98.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.46 by $0.32. Dollar General had a return on equity of 17.93% and a net margin of 2.81%. The business had revenue of $10.44 billion for the quarter, compared to the consensus estimate of $10.25 billion. During the same period in the previous year, the business earned $1.65 earnings per share. The business's revenue was up 5.3% on a year-over-year basis. Equities analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, July 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.17%. Dollar General's payout ratio is 45.04%.

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.