Tobam Raises Stake in Dollar General Co. (NYSE:DG)

Tobam raised its holdings in Dollar General Co. (NYSE:DG - Free Report) by 10.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 53,240 shares of the company's stock after buying an additional 4,894 shares during the quarter. Dollar General accounts for 2.0% of Tobam's investment portfolio, making the stock its 13th largest holding. Tobam's holdings in Dollar General were worth $4,681,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in DG. Wilmington Savings Fund Society FSB lifted its stake in Dollar General by 87.2% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 734 shares of the company's stock valued at $56,000 after buying an additional 342 shares during the period. Empowered Funds LLC raised its position in shares of Dollar General by 17.2% during the fourth quarter. Empowered Funds LLC now owns 34,157 shares of the company's stock worth $2,590,000 after purchasing an additional 5,007 shares during the period. Stephens Inc. AR raised its position in shares of Dollar General by 22.1% during the fourth quarter. Stephens Inc. AR now owns 9,633 shares of the company's stock worth $730,000 after purchasing an additional 1,741 shares during the period. Kentucky Trust Co acquired a new position in shares of Dollar General during the fourth quarter worth approximately $48,000. Finally, Values First Advisors Inc. acquired a new position in shares of Dollar General during the fourth quarter worth approximately $480,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DG. Evercore ISI upped their price target on Dollar General from $105.00 to $117.00 and gave the stock an "in-line" rating in a report on Thursday, June 5th. Gordon Haskett upgraded Dollar General from a "reduce" rating to an "accumulate" rating in a report on Tuesday, June 3rd. Melius upgraded Dollar General from a "hold" rating to a "buy" rating and set a $110.00 price target for the company in a report on Tuesday, April 8th. Bank of America upped their price target on Dollar General from $115.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, Morgan Stanley upped their price objective on Dollar General from $85.00 to $115.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 4th. Fifteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $109.04.

Dollar General Stock Performance

Shares of DG stock traded down $0.25 on Friday, hitting $111.59. 2,319,249 shares of the stock were exchanged, compared to its average volume of 4,094,144. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $24.56 billion, a PE ratio of 18.38, a P/E/G ratio of 2.18 and a beta of 0.26. Dollar General Co. has a one year low of $66.43 and a one year high of $135.46. The firm's 50 day moving average is $96.92 and its two-hundred day moving average is $83.92.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.32. The company had revenue of $10.44 billion during the quarter, compared to the consensus estimate of $10.25 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.65 EPS. Sell-side analysts expect that Dollar General Co. will post 5.75 earnings per share 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 paid 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 2.11%. Dollar General's payout ratio is 45.04%.

Insider Transactions at Dollar General

In related news, EVP Emily C. Taylor sold 809 shares of the stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $94.72, for a total transaction of $76,628.48. Following the sale, the executive vice president now owns 48,532 shares of the company's stock, valued at approximately $4,596,951.04. This represents a 1.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.56% of the stock is owned by corporate insiders.

Dollar General Company 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.