Bank of Nova Scotia Has $1.15 Million Holdings in Dollar General Corporation (NYSE:DG)

Bank of Nova Scotia decreased its position in Dollar General Corporation (NYSE:DG - Free Report) by 79.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,037 shares of the company's stock after selling 51,734 shares during the quarter. Bank of Nova Scotia's holdings in Dollar General were worth $1,146,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in DG. Studio Investment Management LLC increased its stake in shares of Dollar General by 16.4% during the 4th quarter. Studio Investment Management LLC now owns 989 shares of the company's stock worth $75,000 after purchasing an additional 139 shares during the last quarter. Eagle Rock Investment Company LLC boosted its holdings in Dollar General by 0.5% in the first quarter. Eagle Rock Investment Company LLC now owns 28,983 shares of the company's stock worth $2,548,000 after purchasing an additional 156 shares in the last quarter. CVA Family Office LLC boosted its holdings in Dollar General by 39.4% in the first quarter. CVA Family Office LLC now owns 570 shares of the company's stock worth $50,000 after purchasing an additional 161 shares in the last quarter. Allworth Financial LP increased its position in Dollar General by 12.1% during the first quarter. Allworth Financial LP now owns 1,519 shares of the company's stock worth $142,000 after buying an additional 164 shares during the last quarter. Finally, Bogart Wealth LLC raised its holdings in Dollar General by 37.6% during the first quarter. Bogart Wealth LLC now owns 674 shares of the company's stock valued at $59,000 after buying an additional 184 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DG. The Goldman Sachs Group lowered Dollar General from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $115.00 to $116.00 in a report on Tuesday, June 24th. Barclays upped 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. Sanford C. Bernstein set a $120.00 target price on shares of Dollar General in a report on Friday, May 23rd. Wells Fargo & Company upped their price target on shares of Dollar General from $80.00 to $105.00 and gave the company an "equal weight" rating in a report on Wednesday, June 4th. Finally, Oppenheimer upgraded Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 price objective on the stock in a research note on Wednesday, June 4th. Sixteen equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Dollar General currently has a consensus rating of "Hold" and a consensus target price of $108.40.

Dollar General Price Performance

NYSE:DG opened at $115.58 on Friday. 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 firm has a market cap of $25.44 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 2.77 and a beta of 0.31. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $126.98. The company's 50-day moving average price is $111.22 and its two-hundred day moving average price is $93.60.

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

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, July 8th. This represents a $2.36 annualized dividend and a yield of 2.0%. Dollar General's dividend payout ratio is 45.04%.

Insider Activity

In other news, 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 transaction of $718,223.28. Following the transaction, the executive vice president directly owned 41,646 shares in the company, valued at approximately $4,646,027.76. This represents a 13.39% decrease in their ownership of the stock. The sale 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 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 sale, the executive vice president directly owned 46,563 shares in the company, valued at $5,261,619. This trade represents a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.

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.

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