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Dollar General Corporation (NYSE:DG) Shares Bought by Commonwealth Equity Services LLC

Dollar General logo with Retail/Wholesale background

Key Points

  • Commonwealth Equity Services LLC increased its stake in Dollar General Corporation by 19.2%, now owning 185,150 shares valued at approximately $16.28 million.
  • Dollar General's quarterly earnings exceeded estimates, reporting $1.78 earnings per share, beating the consensus forecast of $1.46.
  • The company recently declared a quarterly dividend of $0.59 per share, with an annualized yield of 2.0% and a payout ratio of 45.04%.
  • Looking to export and analyze Dollar General data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Commonwealth Equity Services LLC raised its position in Dollar General Corporation (NYSE:DG - Free Report) by 19.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 185,150 shares of the company's stock after buying an additional 29,777 shares during the quarter. Commonwealth Equity Services LLC owned about 0.08% of Dollar General worth $16,280,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Altshuler Shaham Ltd purchased a new position in Dollar General during the fourth quarter worth about $25,000. Ameriflex Group Inc. purchased a new stake in shares of Dollar General in the 4th quarter worth approximately $31,000. Mountain Hill Investment Partners Corp. grew its stake 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 worth $44,000 after buying an additional 200 shares during the last quarter. Golden State Wealth Management LLC grew its stake in shares of Dollar General by 170.1% in the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock worth $48,000 after buying an additional 342 shares during the last quarter. Finally, CVA Family Office LLC boosted its stake 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 currently owned by institutional investors.

Dollar General Stock Performance

Shares of NYSE DG traded up $0.31 during mid-day trading on Tuesday, hitting $114.86. The stock had a trading volume of 738,775 shares, compared to its average volume of 3,786,313. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.20 and a current ratio of 1.23. The company has a 50 day moving average of $111.95 and a two-hundred day moving average of $94.52. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $126.98. The firm has a market cap of $25.28 billion, a PE ratio of 21.91, a PEG ratio of 2.85 and a beta of 0.31.

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 for the quarter, beating analysts' consensus estimates of $1.46 by $0.32. The firm had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.25 billion. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. Dollar General's quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company posted $1.65 EPS. Research analysts predict that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, July 8th. Dollar General's payout ratio is 45.04%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DG. Barclays raised their price target on Dollar General from $100.00 to $119.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Bank of America lifted their target price on Dollar General from $115.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Sanford C. Bernstein set a $120.00 target price on Dollar General in a report on Friday, May 23rd. Loop Capital upped their target price on Dollar General from $110.00 to $120.00 and gave the company a "hold" rating in a research note on Thursday, July 10th. Finally, Evercore ISI upped their target price on Dollar General from $118.00 to $120.00 and gave the company an "in-line" rating in a research note on Tuesday. Sixteen research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Dollar General presently has a consensus rating of "Hold" and a consensus target price of $108.52.

Check Out Our Latest Stock Analysis on DG

Insider Buying and Selling at Dollar General

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 shares were sold at an average price of $111.56, for a total transaction of $718,223.28. Following the transaction, the executive vice president directly 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Emily C. Taylor sold 1,969 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $113.00, for a total transaction of $222,497.00. Following the completion of the sale, the executive vice president owned 46,563 shares in the company, valued at $5,261,619. This 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 insiders.

About Dollar General

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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