Clear Creek Financial Management LLC Invests $216,000 in Dollar General Corporation (NYSE:DG)

Clear Creek Financial Management LLC bought a new position in Dollar General Corporation (NYSE:DG - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,455 shares of the company's stock, valued at approximately $216,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Cidel Asset Management Inc. grew its holdings in shares of Dollar General by 15.1% during the first quarter. Cidel Asset Management Inc. now owns 3,888 shares of the company's stock valued at $342,000 after buying an additional 509 shares in the last quarter. Elevate Capital Advisors LLC purchased a new position in shares of Dollar General during the first quarter valued at $743,000. Vontobel Holding Ltd. grew its holdings in shares of Dollar General by 34.8% during the first quarter. Vontobel Holding Ltd. now owns 17,620 shares of the company's stock valued at $1,549,000 after buying an additional 4,546 shares in the last quarter. Hixon Zuercher LLC boosted its position in Dollar General by 52.4% during the first quarter. Hixon Zuercher LLC now owns 15,665 shares of the company's stock valued at $1,377,000 after purchasing an additional 5,388 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators boosted its position in Dollar General by 12.0% during the first quarter. Deseret Mutual Benefit Administrators now owns 2,110 shares of the company's stock valued at $186,000 after purchasing an additional 226 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company's stock.

Insider Activity at Dollar General

In other news, EVP Emily C. Taylor sold 1,969 shares of the company's 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 sale, the executive vice president directly owned 46,563 shares in the company, valued at approximately $5,261,619. This represents a 4.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Kathleen A. Reardon sold 6,438 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $111.56, for a total value of $718,223.28. Following the completion of the sale, the executive vice president owned 41,646 shares in the company, valued at approximately $4,646,027.76. This represents a 13.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company's stock.

Wall Street Analysts Forecast Growth

DG has been the subject of a number of research reports. Guggenheim lifted their price objective on Dollar General from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Jefferies Financial Group reissued a "buy" rating on shares of Dollar General in a research report on Tuesday, June 3rd. 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 report on Thursday, June 5th. Morgan Stanley lifted their price objective on Dollar General from $85.00 to $115.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 4th. Finally, Truist Financial lifted their price objective on Dollar General from $93.00 to $112.00 and gave the company a "hold" rating in a research report on Wednesday, June 4th. Sixteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $109.08.

Dollar General Stock Performance

DG traded up $2.01 on Monday, hitting $116.12. 4,143,224 shares of the stock traded hands, compared to its average volume of 4,105,959. Dollar General Corporation has a 52 week low of $66.43 and a 52 week high of $135.46. The company has a current ratio of 1.23, a quick ratio of 0.20 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $25.55 billion, a PE ratio of 22.16, a P/E/G ratio of 2.80 and a beta of 0.31. The business has a fifty day moving average price of $104.16 and a two-hundred day moving average price of $87.91.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings results 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. 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 analyst estimates of $10.25 billion. During the same period in the previous year, the company posted $1.65 earnings per share. The company's quarterly revenue was up 5.3% compared to the same quarter last year. On average, research analysts predict that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, July 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.03%. Dollar General's dividend payout ratio is currently 45.04%.

Dollar General 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.