Atlas Brown Inc. Makes New $305,000 Investment in Dollar General Co. (NYSE:DG)

Atlas Brown Inc. acquired a new position in shares of Dollar General Co. (NYSE:DG - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,474 shares of the company's stock, valued at approximately $305,000.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Dollar General by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 25,231,285 shares of the company's stock worth $1,913,036,000 after purchasing an additional 160,853 shares during the last quarter. Pzena Investment Management LLC lifted its stake in Dollar General by 14.9% in the fourth 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 during the last quarter. Geode Capital Management LLC lifted its stake in Dollar General by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 5,361,216 shares of the company's stock valued at $405,425,000 after buying an additional 118,204 shares during the last quarter. First Eagle Investment Management LLC bought a new stake in Dollar General in the fourth quarter valued at $399,433,000. Finally, ACR Alpine Capital Research LLC lifted its stake in 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 valued at $306,424,000 after buying an additional 3,994,070 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DG has been the topic of a number of recent research reports. Citigroup upgraded Dollar General from a "sell" rating to a "neutral" rating and raised their target price for the company from $69.00 to $101.00 in a research note on Monday, April 7th. Melius Research upgraded Dollar General from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Sanford C. Bernstein set a $120.00 target price on Dollar General in a research note on Friday, May 23rd. Piper Sandler raised their price target on Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a report on Friday, March 14th. Finally, Truist Financial raised their price target on Dollar General from $76.00 to $93.00 and gave the company a "hold" rating in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Dollar General presently has a consensus rating of "Hold" and an average price target of $98.96.

Insider Buying and Selling

In related news, EVP Emily C. Taylor sold 809 shares of Dollar General stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $94.72, for a total value of $76,628.48. Following the transaction, the executive vice president now owns 48,532 shares of the company's stock, valued at approximately $4,596,951.04. This trade represents a 1.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.56% of the stock is currently owned by company insiders.

Dollar General Price Performance

NYSE:DG traded up $0.06 during mid-day trading on Monday, reaching $97.31. 4,863,560 shares of the stock were exchanged, compared to its average volume of 4,004,402. The business has a fifty day moving average price of $92.58 and a 200 day moving average price of $81.45. The firm has a market capitalization of $21.40 billion, a PE ratio of 16.03, a PEG ratio of 2.18 and a beta of 0.27. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $141.24. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.51 by $0.17. The firm had revenue of $10.30 billion for the quarter, compared to analysts' expectations of $10.26 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. Dollar General's revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $1.83 EPS. Research analysts expect that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were paid a $0.59 dividend. The ex-dividend date was Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.43%. Dollar General's dividend payout ratio is currently 46.18%.

About Dollar General

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.