Dollar General Corporation (NYSE:DG) Shares Acquired by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. raised its position in Dollar General Corporation (NYSE:DG - Free Report) by 22.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,327 shares of the company's stock after purchasing an additional 7,700 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Dollar General were worth $3,722,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in DG. Altshuler Shaham Ltd acquired a new stake in shares of Dollar General in the fourth quarter valued at $25,000. IMG Wealth Management Inc. acquired a new position in Dollar General in the 4th quarter valued at about $25,000. Providence First Trust Co purchased a new stake in Dollar General during the fourth quarter worth about $33,000. Ameriflex Group Inc. acquired a new stake in shares of Dollar General during the fourth quarter worth about $31,000. Finally, OFI Invest Asset Management purchased a new position in shares of Dollar General in the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 91.77% of the company's stock.

Dollar General Stock Performance

Shares of DG stock traded down $1.57 during trading hours on Monday, hitting $112.88. The stock had a trading volume of 185,056 shares, compared to its average volume of 4,045,513. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.23 and a quick ratio of 0.20. The firm has a market capitalization of $24.84 billion, a PE ratio of 21.54, a PEG ratio of 2.98 and a beta of 0.26. The stock's 50 day moving average is $101.72 and its 200 day moving average is $86.27. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $135.46.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, beating 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 firm had revenue of $10.44 billion during the quarter, compared to the consensus estimate of $10.25 billion. During the same quarter in the prior year, the firm earned $1.65 EPS. Dollar General's revenue for the quarter was up 5.3% on a year-over-year basis. As a group, research analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Tuesday, July 8th. Dollar General's dividend payout ratio (DPR) is presently 45.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Melius upgraded shares of Dollar General from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a report on Tuesday, April 8th. Citigroup upped their price objective on Dollar General from $101.00 to $112.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Bank of America lifted their target price on Dollar General from $115.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Sanford C. Bernstein set a $120.00 price target on Dollar General in a report on Friday, May 23rd. Finally, Evercore ISI lifted their price objective on Dollar General from $105.00 to $117.00 and gave the company an "in-line" rating in a research note on Thursday, June 5th. Sixteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $109.08.

Insider Buying and Selling at Dollar General

In related news, EVP Emily C. Taylor sold 809 shares of the stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the transaction, the executive vice president now directly owns 48,532 shares of the company's stock, valued at $4,596,951.04. This represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Kathleen A. Reardon sold 6,438 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were 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 of the company's stock, valued at approximately $4,646,027.76. The trade was a 13.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,216 shares of company stock valued at $1,017,349 in the last ninety days. Insiders own 0.56% of the company's stock.

Dollar General Company 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.