Country Club Bank Makes New $2.19 Million Investment in Dollar General Corporation (NYSE:DG)

Country Club Bank bought a new position in shares of Dollar General Corporation (NYSE:DG - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 25,416 shares of the company's stock, valued at approximately $2,188,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. raised its holdings in Dollar General by 6.3% in the 4th quarter. Victory Capital Management Inc. now owns 177,091 shares of the company's stock worth $13,427,000 after purchasing an additional 10,517 shares during the period. Proficio Capital Partners LLC purchased a new position in Dollar General in the fourth quarter worth approximately $3,846,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Dollar General by 46.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 63,816 shares of the company's stock valued at $4,839,000 after acquiring an additional 20,166 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Dollar General by 7.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 28,988 shares of the company's stock worth $2,198,000 after buying an additional 2,069 shares in the last quarter. Finally, Inspire Advisors LLC increased its holdings in Dollar General by 28.5% during the 4th quarter. Inspire Advisors LLC now owns 3,947 shares of the company's stock worth $299,000 after purchasing an additional 876 shares during the period. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Stock Performance

Shares of NYSE:DG traded up $0.77 during trading hours on Friday, hitting $113.03. The stock had a trading volume of 2,211,781 shares, compared to its average volume of 4,127,866. The stock's fifty day simple moving average is $105.80 and its 200 day simple moving average is $88.87. Dollar General Corporation has a 1-year low of $66.43 and a 1-year high of $132.48. The firm has a market capitalization of $24.87 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 2.77 and a beta of 0.31. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.20 and a current ratio of 1.23.

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 business had revenue of $10.44 billion during the quarter, compared to analysts' expectations of $10.25 billion. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. The business's revenue was up 5.3% on a year-over-year basis. During the same period last year, the firm posted $1.65 earnings per share. Sell-side analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

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

Insider Buying and Selling

In other Dollar General news, EVP Kathleen A. Reardon sold 6,438 shares of the firm's stock in a transaction 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 sale, the executive vice president directly owned 41,646 shares in the company, valued at $4,646,027.76. This trade represents a 13.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Emily C. Taylor sold 1,969 shares of the firm's stock in a transaction on Tuesday, June 17th. The stock was 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 owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on DG shares. Barclays raised their price target on Dollar General from $100.00 to $119.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Loop Capital lifted their price objective on Dollar General from $110.00 to $120.00 and gave the company a "hold" rating in a report on Thursday. Guggenheim lifted their price objective on Dollar General from $100.00 to $105.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Evercore ISI boosted their price target 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. Finally, The Goldman Sachs Group downgraded Dollar General from a "buy" rating to a "neutral" rating and lifted their price objective for the stock from $115.00 to $116.00 in a research report on Tuesday, June 24th. Sixteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Dollar General currently has an average rating of "Hold" and an average price target of $109.46.

About Dollar General

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.