36,184 Shares in Dollar General Corporation (NYSE:DG) Bought by ARGA Investment Management LP

ARGA Investment Management LP 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 Securities & Exchange Commission. The institutional investor purchased 36,184 shares of the company's stock, valued at approximately $3,182,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DG. IMG Wealth Management Inc. bought a new position in Dollar General during the fourth quarter valued at approximately $25,000. Altshuler Shaham Ltd purchased a new stake in Dollar General during the fourth quarter valued at approximately $25,000. Ameriflex Group Inc. purchased a new stake in Dollar General during the fourth quarter valued at approximately $31,000. OFI Invest Asset Management purchased a new stake in Dollar General during the fourth quarter valued at approximately $37,000. Finally, Golden State Wealth Management LLC raised its position in Dollar General by 170.1% during 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 period. 91.77% of the stock is owned by institutional investors.

Dollar General Stock Down 3.1%

Dollar General stock traded down $3.62 during midday trading on Tuesday, reaching $112.68. The company's stock had a trading volume of 3,301,209 shares, compared to its average volume of 4,102,753. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week 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 company has a market cap of $24.80 billion, a P/E ratio of 21.50, a P/E/G ratio of 2.80 and a beta of 0.31. The business has a 50-day simple moving average of $104.16 and a 200-day simple moving average of $87.91.

Dollar General (NYSE:DG - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $10.25 billion. During the same quarter in the previous year, the firm earned $1.65 earnings per share. The business's revenue was up 5.3% compared to the same quarter last year. On average, research analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Tuesday, July 8th. Dollar General's dividend payout ratio (DPR) is currently 45.04%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DG. Loop Capital upped their price objective on Dollar General from $80.00 to $110.00 and gave the company a "hold" rating in a research report on Wednesday, June 4th. JPMorgan Chase & Co. upped their price objective on Dollar General from $88.00 to $95.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Cfra Research raised Dollar General to a "hold" rating in a research note on Tuesday, June 3rd. Wells Fargo & Company raised their price target on Dollar General from $80.00 to $105.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 4th. Finally, Oppenheimer raised Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 price target for the company in a research note on Wednesday, June 4th. Sixteen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $109.08.

Insider Transactions at Dollar General

In other news, EVP Kathleen A. Reardon sold 6,438 shares of Dollar General 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 sale, the executive vice president owned 41,646 shares in the company, valued at approximately $4,646,027.76. The trade was a 13.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Emily C. Taylor sold 1,969 shares of the firm'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 transaction, the executive vice president directly owned 46,563 shares in the company, valued at approximately $5,261,619. This represents a 4.06% decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by 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.