Stephens Inc. AR Acquires 8,110 Shares of Dollar General Corporation (NYSE:DG)

Stephens Inc. AR increased its stake in Dollar General Corporation (NYSE:DG - Free Report) by 84.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,743 shares of the company's stock after purchasing an additional 8,110 shares during the quarter. Stephens Inc. AR's holdings in Dollar General were worth $1,560,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Altshuler Shaham Ltd bought a new stake in Dollar General in the fourth quarter worth about $25,000. Ameriflex Group Inc. bought a new stake in Dollar General in the fourth quarter worth about $31,000. Golden State Wealth Management LLC raised its position in Dollar General by 170.1% in the first quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock worth $48,000 after acquiring an additional 342 shares in the last quarter. CVA Family Office LLC raised its position in Dollar General by 39.4% in the first quarter. CVA Family Office LLC now owns 570 shares of the company's stock worth $50,000 after acquiring an additional 161 shares in the last quarter. Finally, Fourth Dimension Wealth LLC bought a new stake in Dollar General in the fourth quarter worth about $52,000. Institutional investors and hedge funds own 91.77% of the company's stock.

Insider Buying and Selling

In other Dollar General 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 completion of the sale, the executive vice president owned 41,646 shares of the company's stock, valued at $4,646,027.76. This 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 through 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 of the company's stock, valued at $5,261,619. The trade was a 4.06% decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.

Dollar General Stock Up 0.7%

Shares of NYSE DG traded up $0.80 during trading hours on Friday, hitting $110.03. The stock had a trading volume of 2,731,718 shares, compared to its average volume of 4,118,809. The company has a market capitalization of $24.21 billion, a P/E ratio of 21.00, a P/E/G ratio of 2.76 and a beta of 0.31. The firm's 50-day moving average price is $107.38 and its two-hundred day moving average price is $89.79. Dollar General Corporation has a 52 week low of $66.43 and a 52 week high of $126.98. 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 (NYSE:DG - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.46 by $0.32. The business had revenue of $10.44 billion during the quarter, compared to analysts' expectations of $10.25 billion. Dollar General had a return on equity of 17.93% and a net margin of 2.81%. The firm's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.65 EPS. Analysts anticipate that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, July 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.14%. Dollar General's payout ratio is currently 45.04%.

Analyst Upgrades and Downgrades

DG has been the topic of several research reports. Guggenheim boosted their price target on shares of Dollar General from $100.00 to $105.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Loop Capital boosted their price objective on Dollar General from $110.00 to $120.00 and gave the stock a "hold" rating in a report on Thursday, July 10th. Melius upgraded Dollar General from a "hold" rating to a "buy" rating and set a $110.00 price objective on the stock in a report on Tuesday, April 8th. Barclays boosted their price objective on Dollar General from $100.00 to $119.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Finally, Gordon Haskett upgraded Dollar General from a "reduce" rating to an "accumulate" rating in a report on Tuesday, June 3rd. Sixteen analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $107.04.

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.