Dollar General Co. (NYSE:DG) Stock Position Raised by Foundation Resource Management Inc.

Foundation Resource Management Inc. raised its position in shares of Dollar General Co. (NYSE:DG - Free Report) by 185.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 282,874 shares of the company's stock after buying an additional 183,726 shares during the period. Dollar General comprises about 3.9% of Foundation Resource Management Inc.'s holdings, making the stock its 9th largest holding. Foundation Resource Management Inc. owned about 0.13% of Dollar General worth $24,873,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Yousif Capital Management LLC grew its position in shares of Dollar General by 2.0% during the fourth quarter. Yousif Capital Management LLC now owns 33,364 shares of the company's stock worth $2,530,000 after buying an additional 664 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Dollar General by 3.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,907 shares of the company's stock valued at $3,100,000 after buying an additional 1,223 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Dollar General by 2.7% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 493,632 shares of the company's stock worth $37,427,000 after acquiring an additional 12,808 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Dollar General by 1.3% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,505 shares of the company's stock valued at $2,010,000 after purchasing an additional 353 shares during the period. Finally, Cidel Asset Management Inc. increased its position in Dollar General by 23.2% in the 4th quarter. Cidel Asset Management Inc. now owns 3,379 shares of the company's stock valued at $256,000 after acquiring an additional 636 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Emily C. Taylor sold 809 shares of the company's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the transaction, the executive vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.56% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DG. Wells Fargo & Company lifted their price objective on shares of Dollar General from $80.00 to $105.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 4th. JPMorgan Chase & Co. lifted their target price on shares of Dollar General from $88.00 to $95.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Piper Sandler boosted their price target on shares of Dollar General from $79.00 to $81.00 and gave the stock a "neutral" rating in a research note on Friday, March 14th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $80.00 price objective (down previously from $90.00) on shares of Dollar General in a research report on Monday, March 3rd. Finally, Melius raised shares of Dollar General from a "hold" rating to a "buy" rating and set a $110.00 price objective for the company in a research note on Tuesday, April 8th. Fifteen analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $109.04.

Dollar General Trading Up 0.3%

NYSE:DG traded up $0.37 during trading hours on Thursday, reaching $111.82. 2,831,637 shares of the company were exchanged, compared to its average volume of 4,076,921. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $135.46. The stock has a 50 day simple moving average of $96.05 and a 200 day simple moving average of $83.32. The firm has a market cap of $24.61 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 2.18 and a beta of 0.26. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15.

Dollar General (NYSE:DG - Get Free Report) last issued its 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. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm had revenue of $10.44 billion for the quarter, compared to analysts' expectations of $10.25 billion. During the same quarter last 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, analysts predict that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The business also recently announced 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 2.11%. The ex-dividend date is Tuesday, July 8th. Dollar General's payout ratio is 45.04%.

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.