Capital Investment Advisory Services LLC Buys New Position in Dollar General Corporation (NYSE:DG)

Capital Investment Advisory Services LLC acquired a new stake in Dollar General Corporation (NYSE:DG - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,588 shares of the company's stock, valued at approximately $931,000.

A number of other large investors also recently modified their holdings of DG. SBI Securities Co. Ltd. bought a new stake in shares of Dollar General during the 4th quarter valued at $57,000. Oppenheimer & Co. Inc. grew its stake in shares of Dollar General by 81.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 5,648 shares of the company's stock valued at $428,000 after acquiring an additional 2,534 shares during the period. Sowell Financial Services LLC bought a new position in Dollar General in the 1st quarter worth approximately $280,000. Robeco Institutional Asset Management B.V. raised its holdings in shares of Dollar General by 4.2% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 27,567 shares of the company's stock worth $2,424,000 after acquiring an additional 1,102 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Dollar General by 18.1% during the 4th quarter. Ameriprise Financial Inc. now owns 107,306 shares of the company's stock worth $8,137,000 after acquiring an additional 16,453 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Insider Activity

In other Dollar General news, EVP Kathleen A. Reardon sold 6,438 shares of the company's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $111.56, for a total transaction of $718,223.28. Following the sale, the executive vice president owned 41,646 shares in the company, valued at $4,646,027.76. This 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 this link. Also, EVP Emily C. Taylor sold 1,969 shares of the company's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total value of $222,497.00. Following the sale, the executive vice president owned 46,563 shares in the company, valued at approximately $5,261,619. This trade represents a 4.06% decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

DG has been the topic of a number of recent analyst reports. Loop Capital increased their target price on Dollar General from $80.00 to $110.00 and gave the stock a "hold" rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. raised their price target on Dollar General from $88.00 to $95.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Evercore ISI raised their price objective on Dollar General from $105.00 to $117.00 and gave the stock an "in-line" rating in a research note on Thursday, June 5th. Melius upgraded Dollar General from a "hold" rating to a "buy" rating and set a $110.00 price target for the company in a research report on Tuesday, April 8th. Finally, Piper Sandler raised their price objective on Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a report on Friday, March 14th. Sixteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $109.08.

Dollar General Trading Down 0.4%

Shares of DG stock traded down $0.40 on Wednesday, hitting $112.29. The stock had a trading volume of 1,762,950 shares, compared to its average volume of 4,005,947. 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 $24.71 billion, a P/E ratio of 21.43, a P/E/G ratio of 2.85 and a beta of 0.31. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $135.46. The company's 50 day moving average price is $104.54 and its 200-day moving average price is $88.09.

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

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $2.36 annualized dividend and a yield of 2.10%. Dollar General's dividend payout ratio (DPR) is 45.04%.

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.