Blueshift Asset Management LLC Invests $487,000 in Dollar General Corporation (NYSE:DG)

Key Points

• Blueshift Asset Management LLC acquired 5,535 shares of Dollar General valued at approximately $487,000 in the 1st quarter, indicating growing interest from institutional investors in the company.
• Dollar General reported $1.78 earnings per share for the last quarter, outperforming the consensus estimate of $1.46, with revenues of $10.44 billion compared to an expected $10.25 billion.
• The company has a dividend yield of 2.2% and announced a quarterly dividend of $0.59 per share, further demonstrating its financial stability.

Blueshift Asset Management LLC acquired a new stake in Dollar General Corporation (NYSE:DG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,535 shares of the company's stock, valued at approximately $487,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd acquired a new position in Dollar General during the 4th quarter worth approximately $25,000. Ameriflex Group Inc. acquired a new position in Dollar General during the 4th quarter worth approximately $31,000. Mountain Hill Investment Partners Corp. grew its holdings in Dollar General by 66.7% during the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock worth $44,000 after acquiring an additional 200 shares in the last quarter. Golden State Wealth Management LLC grew 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 worth $48,000 after acquiring an additional 342 shares in the last quarter. Finally, CVA Family Office LLC lifted its position in shares of Dollar General by 39.4% during the 1st quarter. CVA Family Office LLC now owns 570 shares of the company's stock worth $50,000 after buying an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Telsey Advisory Group restated a "market perform" rating and set a $120.00 price objective on shares of Dollar General in a research report on Thursday, July 17th. Piper Sandler upped their price target on shares of Dollar General from $112.00 to $115.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Gordon Haskett upgraded shares of Dollar General from a "reduce" rating to an "accumulate" rating in a research report on Tuesday, June 3rd. Bank of America upped their price target on shares of Dollar General from $115.00 to $135.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, Barclays upped their price target on shares of Dollar General from $100.00 to $119.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Sixteen research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $108.40.

Insider Transactions at Dollar General

In other Dollar General news, EVP Kathleen A. Reardon sold 6,438 shares of the business's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $111.56, for a total value of $718,223.28. Following the completion of the transaction, the executive vice president directly owned 41,646 shares in the company, valued at approximately $4,646,027.76. The trade was a 13.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Emily C. Taylor sold 1,969 shares of the business's stock in a transaction on 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 of the company's stock, 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 currently owned by corporate insiders.

Dollar General Price Performance

Shares of Dollar General stock traded up $2.33 on Monday, hitting $110.86. The company's stock had a trading volume of 3,329,016 shares, compared to its average volume of 2,705,135. Dollar General Corporation has a 52-week low of $66.43 and a 52-week 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 firm has a fifty day moving average price of $110.15 and a 200-day moving average price of $92.71. The company has a market capitalization of $24.40 billion, a P/E ratio of 21.16, a price-to-earnings-growth ratio of 2.66 and a beta of 0.31.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings data 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 net margin of 2.81% and a return on equity of 17.93%. The business had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.25 billion. During the same period in the previous year, the firm earned $1.65 EPS. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. On average, equities research analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Tuesday, July 8th. Dollar General's dividend payout ratio is 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.