Elevate Capital Advisors LLC Buys Shares of 8,445 Dollar General Corporation (NYSE:DG)

Elevate Capital Advisors LLC acquired a new stake in Dollar General Corporation (NYSE:DG - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,445 shares of the company's stock, valued at approximately $743,000.

Other large investors have also bought and sold shares of the company. IMG Wealth Management Inc. acquired a new position in shares of Dollar General during the fourth quarter worth $25,000. Altshuler Shaham Ltd bought a new stake in Dollar General during the 4th quarter worth $25,000. Ameriflex Group Inc. acquired a new position in Dollar General in the 4th quarter worth about $31,000. OFI Invest Asset Management acquired a new position in Dollar General in the 4th quarter worth about $37,000. Finally, Golden State Wealth Management LLC raised its position in Dollar General by 170.1% in the first quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock valued at $48,000 after purchasing an additional 342 shares during the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Dollar General

In other news, 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 transaction, the executive vice president owned 41,646 shares in the company, valued at $4,646,027.76. The trade was a 13.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Emily C. Taylor sold 1,969 shares of Dollar General stock in a transaction on 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 owned 46,563 shares in the company, valued at $5,261,619. This trade represents a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,216 shares of company stock worth $1,017,349. 0.56% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on DG. Guggenheim boosted their price target on Dollar General from $100.00 to $105.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Cfra Research raised shares of Dollar General to a "hold" rating in a report on Tuesday, June 3rd. Bank of America upped their price target on shares of Dollar General from $115.00 to $135.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Jefferies Financial Group reiterated a "buy" rating on shares of Dollar General in a report on Tuesday, June 3rd. Finally, The Goldman Sachs Group cut shares of Dollar General from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $115.00 to $116.00 in a research note on Tuesday, June 24th. Sixteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Dollar General currently has an average rating of "Hold" and a consensus price target of $109.08.

Dollar General Stock Up 0.7%

NYSE:DG traded up $0.83 during trading hours on Tuesday, reaching $115.21. The company had a trading volume of 2,834,208 shares, compared to its average volume of 4,086,740. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $135.46. The company has a quick ratio of 0.20, a current ratio of 1.23 and a debt-to-equity ratio of 0.74. The firm has a market cap of $25.36 billion, a price-to-earnings ratio of 21.99, a P/E/G ratio of 2.98 and a beta of 0.26. The business's 50-day simple moving average is $102.09 and its two-hundred day simple moving average is $86.53.

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

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, July 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.05%. Dollar General's dividend payout ratio is presently 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.