Edgestream Partners L.P. Makes New Investment in Dollar General Corporation (NYSE:DG)

Edgestream Partners L.P. acquired a new position in Dollar General Corporation (NYSE:DG - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 26,034 shares of the company's stock, valued at approximately $2,289,000.

A number of other large investors also recently modified their holdings of DG. Altshuler Shaham Ltd purchased a new stake in Dollar General in the fourth quarter valued at approximately $25,000. Ameriflex Group Inc. purchased a new position in shares of Dollar General during the fourth quarter worth approximately $31,000. Golden State Wealth Management LLC raised its stake in shares of Dollar General by 170.1% during the first quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock worth $48,000 after acquiring an additional 342 shares in the last quarter. CVA Family Office LLC raised its stake in shares of Dollar General by 39.4% during the first quarter. CVA Family Office LLC now owns 570 shares of the company's stock worth $50,000 after acquiring an additional 161 shares in the last quarter. Finally, Fourth Dimension Wealth LLC purchased a new position in shares of Dollar General during the fourth quarter worth approximately $52,000. 91.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DG has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Dollar General from $88.00 to $95.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Raymond James Financial boosted their target price on shares of Dollar General from $100.00 to $125.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Morgan Stanley boosted their target price on shares of Dollar General from $85.00 to $115.00 and gave the company an "equal weight" rating in a report on Wednesday, June 4th. Loop Capital boosted their target price on shares of Dollar General from $110.00 to $120.00 and gave the company a "hold" rating in a report on Thursday, July 10th. Finally, Guggenheim upped their price target on shares of Dollar General from $100.00 to $105.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Sixteen equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Dollar General currently has an average rating of "Hold" and a consensus target price of $107.04.

Insider Activity

In related news, EVP Kathleen A. Reardon sold 6,438 shares of the company's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $111.56, for a total transaction of $718,223.28. Following the transaction, the executive vice president directly owned 41,646 shares of the company's stock, valued at $4,646,027.76. This represents a 13.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Emily C. Taylor sold 1,969 shares of the company's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $113.00, for a total value of $222,497.00. Following the transaction, the executive vice president directly owned 46,563 shares in the company, valued at $5,261,619. This represents a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company's stock.

Dollar General Stock Up 0.7%

Shares of DG stock traded up $0.80 during mid-day trading on Friday, hitting $110.03. The stock had a trading volume of 2,744,096 shares, compared to its average volume of 4,125,144. Dollar General Corporation has a 12-month low of $66.43 and a 12-month high of $126.98. The firm has a market capitalization of $24.21 billion, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 2.68 and a beta of 0.31. The firm's 50-day moving average is $107.75 and its two-hundred day moving average is $90.03. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.23 and a quick ratio of 0.20.

Dollar General (NYSE:DG - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.32. The business had revenue of $10.44 billion during the quarter, compared to analysts' expectations of $10.25 billion. Dollar General had a return on equity of 17.93% and a net margin of 2.81%. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.65 EPS. On average, analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.14%. The ex-dividend date is Tuesday, July 8th. Dollar General's dividend payout ratio is currently 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.