Sather Financial Group Inc Grows Stock Position in Dollar General Corporation (NYSE:DG)

Key Points

• Sather Financial Group Inc increased its stake in Dollar General Corporation by 34.7% in the first quarter, now holding approximately 552,291 shares valued at about $48.6 million.
• Dollar General recently reported a quarterly earnings per share of $1.78, surpassing estimates and marking a 5.3% year-over-year revenue increase to $10.44 billion.
• 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%.

Sather Financial Group Inc grew its holdings in shares of Dollar General Corporation (NYSE:DG - Free Report) by 34.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 552,291 shares of the company's stock after buying an additional 142,372 shares during the period. Dollar General accounts for approximately 3.2% of Sather Financial Group Inc's holdings, making the stock its 15th biggest position. Sather Financial Group Inc owned 0.25% of Dollar General worth $48,563,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Studio Investment Management LLC raised its position in shares of Dollar General by 16.4% in the 4th quarter. Studio Investment Management LLC now owns 989 shares of the company's stock worth $75,000 after purchasing an additional 139 shares during the last quarter. Eagle Rock Investment Company LLC raised its position in shares of Dollar General by 0.5% in the 1st quarter. Eagle Rock Investment Company LLC now owns 28,983 shares of the company's stock worth $2,548,000 after purchasing an additional 156 shares during the last quarter. CVA Family Office LLC raised its position in shares of Dollar General by 39.4% in the 1st quarter. CVA Family Office LLC now owns 570 shares of the company's stock worth $50,000 after purchasing an additional 161 shares during the last quarter. Allworth Financial LP raised its position in Dollar General by 12.1% in the 1st quarter. Allworth Financial LP now owns 1,519 shares of the company's stock worth $142,000 after buying an additional 164 shares during the last quarter. Finally, Bogart Wealth LLC raised its position in Dollar General by 37.6% in the 1st quarter. Bogart Wealth LLC now owns 674 shares of the company's stock worth $59,000 after buying an additional 184 shares during the last quarter. Institutional investors own 91.77% of the company's stock.

Insider Activity at Dollar General

In other news, EVP Kathleen A. Reardon sold 6,438 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $111.56, for a total transaction of $718,223.28. Following the sale, the executive vice president directly owned 41,646 shares of the company's stock, valued at $4,646,027.76. This represents a 13.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Emily C. Taylor sold 1,969 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total value of $222,497.00. Following the sale, the executive vice president directly owned 46,563 shares in the company, valued at $5,261,619. This trade 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.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Raymond James Financial boosted their target price on Dollar General from $100.00 to $125.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Melius Research raised Dollar General from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Barclays boosted their target price on Dollar General from $100.00 to $119.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Bank of America boosted their target price on Dollar General from $115.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, Loop Capital boosted their target price on Dollar General from $110.00 to $120.00 and gave the stock a "hold" rating in a research report on Thursday, July 10th. Sixteen analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $108.40.

Dollar General Price Performance

DG stock traded down $0.98 during midday trading on Wednesday, hitting $105.88. The company's stock had a trading volume of 1,028,312 shares, compared to its average volume of 3,835,063. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $126.98. The company has a quick ratio of 0.20, a current ratio of 1.23 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $23.30 billion, a price-to-earnings ratio of 20.20, a price-to-earnings-growth ratio of 2.59 and a beta of 0.31. The company has a 50 day moving average of $109.83 and a two-hundred day moving average of $91.79.

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. Dollar General had a return on equity of 17.93% and a net margin of 2.81%. The business had revenue of $10.44 billion during the quarter, compared to the consensus estimate of $10.25 billion. During the same period in the prior year, the company posted $1.65 EPS. The firm's revenue for the quarter was up 5.3% compared to the same quarter last year. On average, analysts expect that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, July 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.23%. Dollar General's dividend payout ratio (DPR) is 45.04%.

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.