Bank Pictet & Cie Europe AG Takes $319,000 Position in Dollar General Corporation (NYSE:DG)

Bank Pictet & Cie Europe AG acquired a new position in Dollar General Corporation (NYSE:DG - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,628 shares of the company's stock, valued at approximately $319,000.

Several other large investors have also recently modified their holdings of DG. Altshuler Shaham Ltd purchased a new position in shares of Dollar General in the fourth quarter worth $25,000. IMG Wealth Management Inc. acquired a new position in shares of Dollar General in the 4th quarter valued at $25,000. Providence First Trust Co purchased a new position in Dollar General in the 4th quarter worth $33,000. Ameriflex Group Inc. purchased a new stake in Dollar General during the 4th quarter valued at about $31,000. Finally, Venturi Wealth Management LLC increased its holdings in shares of Dollar General by 126.4% in the fourth quarter. Venturi Wealth Management LLC now owns 498 shares of the company's stock valued at $38,000 after purchasing an additional 278 shares during the period. Institutional investors own 91.77% of the company's stock.

Dollar General Trading Down 0.7%

Shares of DG traded down $0.84 during midday trading on Friday, hitting $111.47. 4,868,402 shares of the stock were exchanged, compared to its average volume of 4,092,280. The stock has a fifty day simple moving average of $98.99 and a 200 day simple moving average of $84.81. 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 firm has a market cap of $24.53 billion, a P/E ratio of 21.27, a P/E/G ratio of 2.93 and a beta of 0.26.

Dollar General (NYSE:DG - Get Free Report) last released 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 business had revenue of $10.44 billion during the quarter, compared to analysts' expectations of $10.25 billion. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. The company's revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.65 EPS. On average, research analysts anticipate 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 dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Tuesday, July 8th. Dollar General's dividend payout ratio is presently 45.04%.

Wall Street Analysts Forecast Growth

DG has been the topic of several research reports. Piper Sandler increased their price target on shares of Dollar General from $79.00 to $81.00 and gave the stock a "neutral" rating in a report on Friday, March 14th. Sanford C. Bernstein set a $120.00 target price on shares of Dollar General in a research report on Friday, May 23rd. KeyCorp reaffirmed a "sector weight" rating on shares of Dollar General in a research report on Wednesday, June 4th. Guggenheim boosted their price objective on Dollar General from $100.00 to $105.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, Wells Fargo & Company lifted their price target on Dollar General from $80.00 to $105.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 4th. Fifteen research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Dollar General currently has an average rating of "Moderate Buy" and an average price target of $109.04.

Insider Transactions at Dollar General

In other Dollar General news, EVP Kathleen A. Reardon sold 6,438 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $111.56, for a total transaction of $718,223.28. Following the completion of the sale, the executive vice president now owns 41,646 shares in the company, valued at $4,646,027.76. This trade represents a 13.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Emily C. Taylor sold 1,969 shares of the stock in a transaction that occurred on 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 directly owns 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. Insiders have sold a total of 9,216 shares of company stock valued at $1,017,349 in the last ninety days. 0.56% of the stock is currently owned by company 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.