Dollar General Co. (NYSE:DG) Stock Position Boosted by Czech National Bank

Czech National Bank lifted its position in shares of Dollar General Co. (NYSE:DG - Free Report) by 5.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,513 shares of the company's stock after buying an additional 2,831 shares during the quarter. Czech National Bank's holdings in Dollar General were worth $4,442,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Altshuler Shaham Ltd purchased a new stake in shares of Dollar General in the fourth quarter valued at $25,000. IMG Wealth Management Inc. purchased a new stake in Dollar General in the 4th quarter valued at about $25,000. Providence First Trust Co acquired a new position in shares of Dollar General during the 4th quarter valued at about $33,000. Ameriflex Group Inc. acquired a new position in shares of Dollar General during the 4th quarter valued at about $31,000. Finally, Bogart Wealth LLC lifted its holdings in shares of Dollar General by 279.8% during the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company's stock worth $37,000 after acquiring an additional 361 shares during the period. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. UBS Group upped their price target on shares of Dollar General from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Wednesday. 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 research note on Wednesday. Telsey Advisory Group increased their price target on shares of Dollar General from $100.00 to $120.00 and gave the stock a "market perform" rating in a research note on Wednesday. Bank of America increased their price target on shares of Dollar General from $115.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Oppenheimer raised shares of Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 price target on the stock in a research note on Wednesday. Fifteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $109.04.

Dollar General Stock Performance

DG stock traded up $2.06 during trading on Thursday, hitting $113.83. 4,534,325 shares of the company's stock traded hands, compared to its average volume of 4,065,160. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $135.57. The stock has a fifty day moving average price of $93.85 and a two-hundred day moving average price of $82.03. The stock has a market capitalization of $25.04 billion, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 2.18 and a beta of 0.26.

Dollar General (NYSE:DG - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.32. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm had revenue of $10.44 billion during the quarter, compared to analyst estimates of $10.25 billion. During the same quarter in the previous year, the firm earned $1.65 earnings per share. The firm's revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, equities analysts anticipate that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The company 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 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 dividend yield of 2.07%. Dollar General's dividend payout ratio is currently 46.18%.

Insider Transactions at Dollar General

In other news, EVP Emily C. Taylor sold 809 shares of the company's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the transaction, the executive vice president now owns 48,532 shares in the company, valued at approximately $4,596,951.04. This represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.56% of the company's stock.

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.