Dollar General Corporation (NYSE:DG) Shares Purchased by Atria Investments Inc

Key Points

• Atria Investments Inc increased its stake in Dollar General Corporation by 14.9% during Q1, now owning approximately 0.06% of the company, valued at $10.88 million.
• Dollar General reported a quarterly earnings per share of $1.78, surpassing analysts' expectations of $1.46, and achieved a 5.3% revenue increase compared to the previous year.
• The company announced a quarterly dividend of $0.59 per share, resulting in an annualized dividend yield of 2.19% and a payout ratio of 45.04%.

Atria Investments Inc increased its holdings in Dollar General Corporation (NYSE:DG - Free Report) by 14.9% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 123,708 shares of the company's stock after acquiring an additional 16,019 shares during the period. Atria Investments Inc owned approximately 0.06% of Dollar General worth $10,878,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Dollar General by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 25,231,285 shares of the company's stock worth $1,913,036,000 after purchasing an additional 160,853 shares in the last quarter. Pzena Investment Management LLC lifted its stake in Dollar General by 8.5% during the first quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company's stock worth $1,122,914,000 after purchasing an additional 1,003,206 shares in the last quarter. Geode Capital Management LLC lifted its stake in Dollar General by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 5,361,216 shares of the company's stock worth $405,425,000 after purchasing an additional 118,204 shares in the last quarter. ACR Alpine Capital Research LLC lifted its stake in Dollar General by 3.9% during the first quarter. ACR Alpine Capital Research LLC now owns 4,197,437 shares of the company's stock worth $369,081,000 after purchasing an additional 155,966 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Dollar General by 32.1% in the fourth quarter. Invesco Ltd. now owns 3,380,501 shares of the company's stock valued at $256,310,000 after acquiring an additional 821,608 shares in the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Stock Performance

Shares of DG stock traded down $2.31 during mid-day trading on Monday, hitting $105.26. 827,313 shares of the stock were exchanged, compared to its average volume of 3,853,990. 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 Corporation has a 12-month low of $66.43 and a 12-month high of $126.98. The stock's fifty day simple moving average is $109.58 and its two-hundred day simple moving average is $91.45. The stock has a market capitalization of $23.16 billion, a price-to-earnings ratio of 20.09, a P/E/G ratio of 2.63 and a beta of 0.31.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.46 by $0.32. Dollar General had a return on equity of 17.93% and a net margin of 2.81%. The firm had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.25 billion. During the same quarter last year, the company posted $1.65 earnings per share. The business's revenue was up 5.3% on a year-over-year basis. On average, analysts forecast that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend was Tuesday, July 8th. Dollar General's dividend payout ratio is currently 45.04%.

Analysts Set New Price Targets

DG has been the topic of several analyst reports. Morgan Stanley increased 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. JPMorgan Chase & Co. increased their price objective on Dollar General from $88.00 to $95.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Melius Research upgraded Dollar General from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Telsey Advisory Group reiterated a "market perform" rating and issued a $120.00 price objective on shares of Dollar General in a research note on Thursday, July 17th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Dollar General in a research note on Tuesday, June 3rd. Sixteen investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $108.40.

Insider Transactions at Dollar General

In related news, EVP Kathleen A. Reardon sold 6,438 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $111.56, for a total value of $718,223.28. Following the completion of the sale, the executive vice president owned 41,646 shares in the company, valued at $4,646,027.76. This trade represents a 13.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Emily C. Taylor sold 1,969 shares of the firm's stock in a transaction dated Tuesday, June 17th. The shares were 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 of the company's stock, valued at approximately $5,261,619. The trade was a 4.06% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.56% of the company's stock.

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.