Alpha Family Trust Purchases New Holdings in Dollar General Corporation $DG

Key Points

• Alpha Family Trust acquired a new stake in Dollar General Corporation, purchasing 2,450 shares valued at approximately $215,000 in the first quarter.
• Dollar General recently reported quarterly earnings of $1.78 per share, surpassing expectations and reflecting a 5.3% year-over-year revenue increase to $10.44 billion.
• The company declared a quarterly dividend of $0.59 per share, with an annualized yield of 2.1%, highlighting a payout ratio of 45.04%.

Alpha Family Trust purchased a new stake in shares of Dollar General Corporation (NYSE:DG - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,450 shares of the company's stock, valued at approximately $215,000.

Other large investors also recently bought and sold shares of the company. Ameriflex Group Inc. bought a new stake in Dollar General during the 4th quarter valued at about $31,000. Mountain Hill Investment Partners Corp. increased its stake in Dollar General by 66.7% during the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock valued at $44,000 after purchasing an additional 200 shares in the last quarter. Golden State Wealth Management LLC increased its stake in Dollar General by 170.1% during the 1st 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 in the last quarter. CVA Family Office LLC increased its stake in Dollar General by 39.4% during the 1st quarter. CVA Family Office LLC now owns 570 shares of the company's stock valued at $50,000 after purchasing an additional 161 shares in the last quarter. Finally, Fourth Dimension Wealth LLC bought a new stake in Dollar General during the 4th quarter valued at about $52,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 1,969 shares of Dollar General stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $113.00, for a total transaction of $222,497.00. Following the transaction, the executive vice president owned 46,563 shares of the company's stock, valued at $5,261,619. The trade was a 4.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kathleen A. Reardon sold 6,438 shares of Dollar General stock in a transaction that occurred on Thursday, June 12th. The shares were 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 in the company, valued at $4,646,027.76. This represents a 13.39% decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.

Dollar General Price Performance

Shares of NYSE:DG opened at $112.62 on Monday. 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 Corporation has a 1-year low of $66.43 and a 1-year high of $126.98. The company has a market capitalization of $24.78 billion, a P/E ratio of 21.49, a P/E/G ratio of 2.76 and a beta of 0.31. The firm's 50 day simple moving average is $112.08 and its two-hundred day simple moving average is $95.70.

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

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, July 8th. This represents a $2.36 annualized dividend and a yield of 2.1%. Dollar General's payout ratio is currently 45.04%.

Analysts Set New Price Targets

A number of analysts have weighed in on DG shares. Wells Fargo & Company raised their price objective on shares of Dollar General from $80.00 to $105.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 4th. The Goldman Sachs Group lowered shares of Dollar General from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $115.00 to $116.00 in a research note on Tuesday, June 24th. KeyCorp reiterated a "sector weight" rating on shares of Dollar General in a research note on Wednesday, June 4th. Telsey Advisory Group reiterated a "market perform" rating and issued a $120.00 price target on shares of Dollar General in a research note on Thursday, July 17th. Finally, Evercore ISI lifted their price target on shares of Dollar General from $118.00 to $120.00 and gave the stock an "in-line" rating in a research note on Tuesday, August 12th. Sixteen analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $108.80.

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.

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