Avantra Family Wealth Inc. Makes New $536,000 Investment in Dollar General Corporation (NYSE:DG)

Avantra Family Wealth Inc. purchased a new position in shares of Dollar General Corporation (NYSE:DG - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,093 shares of the company's stock, valued at approximately $536,000.

Other hedge funds also recently modified their holdings of the company. IMG Wealth Management Inc. acquired a new position in Dollar General during the 4th quarter valued at $25,000. Altshuler Shaham Ltd bought a new position in shares of Dollar General during the 4th quarter worth about $25,000. Ameriflex Group Inc. acquired a new position in shares of Dollar General during the fourth quarter valued at about $31,000. Providence First Trust Co bought a new stake in shares of Dollar General in the fourth quarter valued at about $33,000. Finally, OFI Invest Asset Management acquired a new stake in Dollar General during the fourth quarter worth about $37,000. 91.77% of the stock is owned by institutional investors.

Dollar General Price Performance

Shares of DG stock opened at $111.47 on Friday. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $135.46. The company has a current ratio of 1.23, a quick ratio of 0.20 and a debt-to-equity ratio of 0.74. The firm's 50 day moving average is $99.44 and its 200-day moving average is $85.07. The firm has a market capitalization of $24.53 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 2.91 and a beta of 0.26.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $10.25 billion. Dollar General had a return on equity of 17.93% and a net margin of 2.81%. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.65 EPS. Sell-side analysts forecast that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, July 8th. This represents a $2.36 annualized dividend and a yield of 2.12%. Dollar General's dividend payout ratio is currently 45.04%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on DG shares. Melius Research raised Dollar General from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. KeyCorp restated a "sector weight" rating on shares of Dollar General in a research note on Wednesday, June 4th. Gordon Haskett upgraded shares of Dollar General from a "reduce" rating to an "accumulate" rating in a research note on Tuesday, June 3rd. Raymond James Financial increased their price objective on shares of Dollar General from $100.00 to $125.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Finally, UBS Group lifted their target price on shares of Dollar General from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Fifteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $109.04.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Kathleen A. Reardon sold 6,438 shares of the stock in a transaction dated Thursday, June 12th. The stock was 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Emily C. Taylor sold 1,969 shares of the business'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 now owns 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,216 shares of company stock valued at $1,017,349. 0.56% of the stock is currently owned by insiders.

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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