Benjamin Edwards Inc. Acquires 24,894 Shares of Dollar General Corporation (NYSE:DG)

Key Points

• Benjamin Edwards Inc. has significantly increased its stake in Dollar General Corporation, acquiring an additional 24,894 shares, bringing its total holdings to 55,782 shares valued at approximately $4.9 million.
• Recent insider transactions revealed sales by executives, including EVP Kathleen A. Reardon who sold 6,438 shares for about $718,223, leading to a 13.39% decrease in her ownership.
• Dollar General reported a strong quarterly performance with $1.78 EPS, exceeding analyst expectations, and announced a quarterly dividend of $0.59, reflecting a yield of 2.0%.

Benjamin Edwards Inc. increased its holdings in shares of Dollar General Corporation (NYSE:DG - Free Report) by 80.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 55,782 shares of the company's stock after purchasing an additional 24,894 shares during the quarter. Benjamin Edwards Inc.'s holdings in Dollar General were worth $4,905,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Altshuler Shaham Ltd acquired a new stake in shares of Dollar General in the 4th quarter valued at approximately $25,000. Ameriflex Group Inc. acquired a new stake in shares of Dollar General in the 4th quarter valued at approximately $31,000. Mountain Hill Investment Partners Corp. boosted its holdings in shares of Dollar General by 66.7% in the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock valued at $44,000 after buying an additional 200 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in Dollar General by 170.1% during the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock valued at $48,000 after purchasing an additional 342 shares during the last quarter. Finally, CVA Family Office LLC lifted its holdings in Dollar General by 39.4% during the 1st quarter. CVA Family Office LLC now owns 570 shares of the company's stock valued at $50,000 after purchasing an additional 161 shares during the last quarter. 91.77% of the stock is owned by institutional investors.

Insider Transactions at Dollar General

In other Dollar General news, EVP Kathleen A. Reardon sold 6,438 shares of Dollar General 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 owned 41,646 shares in the company, valued at $4,646,027.76. The trade was a 13.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Emily C. Taylor sold 1,969 shares of Dollar General stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $113.00, for a total value of $222,497.00. Following the completion of the transaction, the executive vice president owned 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 own 0.56% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DG shares. KeyCorp reaffirmed a "sector weight" rating on shares of Dollar General in a report on Wednesday, June 4th. Loop Capital raised their price target on Dollar General from $110.00 to $120.00 and gave the company a "hold" rating in a report on Thursday, July 10th. Piper Sandler raised their price target on Dollar General from $112.00 to $115.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Citigroup raised their price target on Dollar General from $101.00 to $112.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Finally, Gordon Haskett raised Dollar General from a "reduce" rating to an "accumulate" rating in a report on Tuesday, June 3rd. Sixteen analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $108.40.

Dollar General Stock Performance

NYSE:DG opened at $116.31 on Monday. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $126.98. 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 stock's 50-day simple moving average is $111.60 and its 200 day simple moving average is $94.22. The firm has a market capitalization of $25.60 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 2.85 and a beta of 0.31.

Dollar General (NYSE:DG - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.46 by $0.32. Dollar General had a return on equity of 17.93% and a net margin of 2.81%. The firm had revenue of $10.44 billion for the quarter, compared to analysts' expectations of $10.25 billion. During the same quarter in the previous year, the business posted $1.65 earnings per share. The business's revenue for the quarter was up 5.3% on a year-over-year basis. On average, analysts anticipate that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Tuesday, July 8th. Dollar General's payout ratio is currently 45.04%.

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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