Asset Management One Co. Ltd. Buys 8,282 Shares of Dollar General Corporation (NYSE:DG)

Asset Management One Co. Ltd. increased its stake in shares of Dollar General Corporation (NYSE:DG - Free Report) by 10.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,584 shares of the company's stock after buying an additional 8,282 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Dollar General were worth $7,965,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. IMG Wealth Management Inc. bought a new stake in shares of Dollar General in the 4th quarter worth $25,000. Altshuler Shaham Ltd bought a new stake in Dollar General in the 4th quarter worth about $25,000. Ameriflex Group Inc. bought a new position in shares of Dollar General in the fourth quarter valued at approximately $31,000. Providence First Trust Co bought a new position in shares of Dollar General in the fourth quarter valued at approximately $33,000. Finally, OFI Invest Asset Management bought a new position in shares of Dollar General in the fourth quarter valued at approximately $37,000. Institutional investors own 91.77% of the company's stock.

Dollar General Stock Performance

NYSE DG opened at $114.60 on Friday. Dollar General Corporation has a 52-week low of $66.43 and a 52-week 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 company has a market capitalization of $25.22 billion, a P/E ratio of 21.87, a P/E/G ratio of 2.94 and a beta of 0.26. The company has a fifty day moving average of $101.72 and a 200-day moving average of $86.17.

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 (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.32. The firm had revenue of $10.44 billion during 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 revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.65 earnings per share. As a group, equities research analysts predict that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.06%. The ex-dividend date is Tuesday, July 8th. Dollar General's dividend payout ratio is presently 45.04%.

Insiders Place Their Bets

In other Dollar General news, EVP Emily C. Taylor sold 1,969 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total transaction of $222,497.00. Following the completion of the transaction, the executive vice president now owns 46,563 shares of the company's stock, valued at $5,261,619. This represents a 4.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kathleen A. Reardon sold 6,438 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $111.56, for a total value of $718,223.28. Following the transaction, the executive vice president now owns 41,646 shares of the company's stock, valued at approximately $4,646,027.76. This represents a 13.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,216 shares of company stock valued at $1,017,349 over the last three months. Insiders own 0.56% of the company's stock.

Analysts Set New Price Targets

DG has been the subject of a number of recent analyst reports. Bank of America upped their price objective on Dollar General from $115.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Piper Sandler increased their price target on Dollar General from $79.00 to $81.00 and gave the stock a "neutral" rating in a research note on Friday, March 14th. Evercore ISI increased their target price on shares of Dollar General from $105.00 to $117.00 and gave the stock an "in-line" rating in a research report on Thursday, June 5th. Barclays raised their price objective on shares of Dollar General from $100.00 to $119.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Finally, Loop Capital raised their price target on Dollar General from $80.00 to $110.00 and gave the stock a "hold" rating in a report on Wednesday, June 4th. Sixteen research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $109.08.

Dollar General 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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