2,894 Shares in Dollar General Corporation (NYSE:DG) Acquired by Advisory Resource Group

Advisory Resource Group acquired a new stake in shares of Dollar General Corporation (NYSE:DG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,894 shares of the company's stock, valued at approximately $254,000.

A number of other large investors have also bought and sold shares of DG. Vanguard Group Inc. raised its position in shares of Dollar General by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 25,231,285 shares of the company's stock valued at $1,913,036,000 after purchasing an additional 160,853 shares during the period. Pzena Investment Management LLC grew its stake in Dollar General by 14.9% in the 4th quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company's stock valued at $892,199,000 after buying an additional 1,528,450 shares in the last quarter. Geode Capital Management LLC raised its holdings in Dollar General by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 5,361,216 shares of the company's stock valued at $405,425,000 after acquiring an additional 118,204 shares during the period. First Eagle Investment Management LLC purchased a new stake in shares of Dollar General during the fourth quarter worth $399,433,000. Finally, ACR Alpine Capital Research LLC boosted its holdings in shares of Dollar General by 8,426.1% in the fourth quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company's stock worth $306,424,000 after acquiring an additional 3,994,070 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DG. Wells Fargo & Company increased their price target on shares of Dollar General from $80.00 to $105.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 4th. Telsey Advisory Group boosted their price objective on Dollar General from $100.00 to $120.00 and gave the stock a "market perform" rating in a report on Wednesday, June 4th. Raymond James Financial lifted their target price on shares of Dollar General from $100.00 to $125.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Morgan Stanley boosted their price target on shares of Dollar General from $85.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 4th. Finally, Piper Sandler raised their price objective on shares of Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a research report on Friday, March 14th. Fifteen analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $109.04.

Dollar General Trading Down 0.7%

Shares of NYSE DG traded down $0.84 during mid-day trading on Friday, hitting $111.47. The stock had a trading volume of 4,972,260 shares, compared to its average volume of 4,100,673. The business has a 50 day moving average price of $99.44 and a two-hundred day moving average price of $85.07. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $135.46. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.20 and a current ratio of 1.23. The firm has a market cap of $24.53 billion, a P/E ratio of 21.27, a price-to-earnings-growth ratio of 2.91 and a beta of 0.26.

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 analysts' consensus estimates 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 net margin of 2.81% and a return on equity of 17.93%. The company's revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.65 EPS. On average, equities analysts anticipate that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.12%. Dollar General's dividend payout ratio (DPR) is presently 45.04%.

Insider Activity at Dollar General

In related news, EVP Kathleen A. Reardon sold 6,438 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $111.56, for a total value of $718,223.28. Following the completion of the transaction, the executive vice president now directly owns 41,646 shares of the company's stock, valued at $4,646,027.76. This represents a 13.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Emily C. Taylor sold 809 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the transaction, the executive vice president now owns 48,532 shares of the company's stock, valued at approximately $4,596,951.04. The trade was a 1.64% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,216 shares of company stock worth $1,017,349 over the last quarter. 0.56% of the stock is owned by corporate insiders.

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.