Wealthfront Advisers LLC Increases Position in Dollar General Corporation (NYSE:DG)

Wealthfront Advisers LLC lifted its holdings in shares of Dollar General Corporation (NYSE:DG - Free Report) by 98.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,662 shares of the company's stock after acquiring an additional 8,752 shares during the quarter. Wealthfront Advisers LLC's holdings in Dollar General were worth $1,553,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DG. Altshuler Shaham Ltd bought a new position in Dollar General in the 4th quarter worth approximately $25,000. Ameriflex Group Inc. purchased a new stake in shares of Dollar General during the fourth quarter worth $31,000. Mountain Hill Investment Partners Corp. boosted its holdings in shares of Dollar General by 66.7% in the first quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock worth $44,000 after acquiring an additional 200 shares during the period. Golden State Wealth Management LLC grew its position in shares of Dollar General by 170.1% in the first quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock valued at $48,000 after purchasing an additional 342 shares in the last quarter. Finally, CVA Family Office LLC raised its stake in shares of Dollar General by 39.4% during the 1st quarter. CVA Family Office LLC now owns 570 shares of the company's stock valued at $50,000 after purchasing an additional 161 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Emily C. Taylor sold 1,969 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $113.00, for a total value of $222,497.00. Following the completion of the transaction, the executive vice president directly owned 46,563 shares in the company, valued at $5,261,619. The trade was a 4.06% 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 Kathleen A. Reardon sold 6,438 shares of the company's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $111.56, for a total value of $718,223.28. Following the transaction, the executive vice president directly owned 41,646 shares in the company, valued at approximately $4,646,027.76. The trade was a 13.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.

Dollar General Trading Up 1.7%

NYSE DG traded up $1.87 during trading on Tuesday, hitting $109.47. The company had a trading volume of 852,303 shares, compared to its average volume of 4,114,891. The company's fifty day moving average is $107.75 and its 200-day moving average is $90.23. Dollar General Corporation has a one year low of $66.43 and a one year high of $126.98. The company has a current ratio of 1.23, a quick ratio of 0.20 and a debt-to-equity ratio of 0.74. The company has a market cap of $24.09 billion, a price-to-earnings ratio of 20.90, a price-to-earnings-growth ratio of 2.70 and a beta of 0.31.

Dollar General (NYSE:DG - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, beating analysts' consensus estimates of $1.46 by $0.32. The company 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 revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.65 EPS. On average, sell-side analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, July 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.16%. Dollar General's payout ratio is presently 45.04%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on DG shares. Melius raised shares of Dollar General from a "hold" rating to a "buy" rating and set a $110.00 price target on the stock in a report on Tuesday, April 8th. Barclays lifted their price target on Dollar General from $100.00 to $119.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Oppenheimer upgraded shares of Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 price objective on the stock in a research report on Wednesday, June 4th. Truist Financial lifted their target price on shares of Dollar General from $93.00 to $112.00 and gave the company a "hold" rating in a research report on Wednesday, June 4th. Finally, UBS Group increased their price target on shares of Dollar General from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Sixteen research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $108.40.

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.