Concurrent Investment Advisors LLC grew its position in Dollar General Corporation (NYSE:DG - Free Report) by 46.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,377 shares of the company's stock after purchasing an additional 2,987 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Dollar General were worth $825,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. lifted its position in shares of Dollar General by 6.3% during the 4th quarter. Victory Capital Management Inc. now owns 177,091 shares of the company's stock valued at $13,427,000 after acquiring an additional 10,517 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Dollar General in the 4th quarter worth $3,846,000. Raymond James Financial Inc. bought a new position in Dollar General during the fourth quarter valued at about $45,899,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Dollar General during the fourth quarter valued at about $60,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Dollar General by 46.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 63,816 shares of the company's stock valued at $4,839,000 after buying an additional 20,166 shares during the period. 91.77% of the stock is owned by institutional investors.
Insider Activity
In other Dollar General news, EVP Emily C. Taylor sold 1,969 shares of the business'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 completion of the transaction, the executive vice president owned 46,563 shares of the company's stock, valued at approximately $5,261,619. The trade was a 4.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kathleen A. Reardon sold 6,438 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $4,646,027.76. This trade represents a 13.39% decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.
Dollar General Stock Up 0.7%
Dollar General stock traded up $0.77 on Friday, hitting $113.03. 2,211,781 shares of the stock traded hands, compared to its average volume of 4,118,270. 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 cap of $24.87 billion, a P/E ratio of 21.57, a price-to-earnings-growth ratio of 2.75 and a beta of 0.31. The business's fifty day simple moving average is $105.80 and its 200 day simple moving average is $88.78. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $135.46.
Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.46 by $0.32. The business had revenue of $10.44 billion during the quarter, compared to analyst estimates of $10.25 billion. Dollar General had a return on equity of 17.93% and a net margin of 2.81%. The company's revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.65 earnings per share. As a group, sell-side analysts forecast 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. Stockholders of record on Tuesday, July 8th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Tuesday, July 8th. Dollar General's dividend payout ratio is presently 45.04%.
Analyst Ratings Changes
A number of brokerages have weighed in on DG. Melius upgraded shares of Dollar General from a "hold" rating to a "buy" rating and set a $110.00 target price for the company in a research report on Tuesday, April 8th. The Goldman Sachs Group lowered shares of Dollar General from a "buy" rating to a "neutral" rating and increased their target price for the stock from $115.00 to $116.00 in a research report on Tuesday, June 24th. Gordon Haskett upgraded shares of Dollar General from a "reduce" rating to an "accumulate" rating in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. increased their price target on shares of Dollar General from $88.00 to $95.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Finally, Telsey Advisory Group raised their target price on shares of Dollar General from $100.00 to $120.00 and gave the company a "market perform" rating in a research note on Wednesday, June 4th. Sixteen research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $109.46.
Check Out Our Latest Report on Dollar General
Dollar General Profile
(
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.
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