Absher Wealth Management LLC Has $2.45 Million Position in Dollar General Corporation (NYSE:DG)

Absher Wealth Management LLC grew its holdings in Dollar General Corporation (NYSE:DG - Free Report) by 17.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,856 shares of the company's stock after purchasing an additional 4,146 shares during the quarter. Dollar General makes up 0.3% of Absher Wealth Management LLC's portfolio, making the stock its 29th biggest position. Absher Wealth Management LLC's holdings in Dollar General were worth $2,449,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. First Eagle Investment Management LLC acquired a new stake in Dollar General in the fourth quarter valued at approximately $399,433,000. ACR Alpine Capital Research LLC grew its stake in Dollar General by 8,426.1% during the 4th quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company's stock worth $306,424,000 after buying an additional 3,994,070 shares during the last quarter. Norges Bank acquired a new position in Dollar General during the 4th quarter valued at about $140,421,000. Two Sigma Investments LP raised its stake in Dollar General by 323.1% in the fourth quarter. Two Sigma Investments LP now owns 2,354,135 shares of the company's stock valued at $178,491,000 after buying an additional 1,797,776 shares during the last quarter. Finally, Pzena Investment Management LLC boosted its holdings in Dollar General by 14.9% in the fourth quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company's stock worth $892,199,000 after acquiring an additional 1,528,450 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company's stock.

Dollar General Stock Up 2.0%

Shares of NYSE:DG traded up $2.22 during trading hours on Monday, reaching $113.73. The stock had a trading volume of 2,171,657 shares, compared to its average volume of 4,089,583. The firm's 50 day moving average is $99.44 and its 200-day moving average is $85.11. The stock has a market capitalization of $25.03 billion, a price-to-earnings ratio of 21.70, a P/E/G ratio of 2.91 and a beta of 0.26. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $135.46. 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 posted its earnings results on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, topping analysts' consensus estimates of $1.46 by $0.32. The business had revenue of $10.44 billion for 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 business's revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.65 earnings per share. Research analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

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 given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Tuesday, July 8th. Dollar General's dividend payout ratio is currently 45.04%.

Insiders Place Their Bets

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the stock in a transaction on Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the transaction, the executive vice president now directly owns 48,532 shares in the company, valued at $4,596,951.04. This represents a 1.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kathleen A. Reardon sold 6,438 shares of Dollar General stock in a transaction 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 transaction, the executive vice president now directly owns 41,646 shares of the company's stock, valued at approximately $4,646,027.76. This represents a 13.39% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,216 shares of company stock worth $1,017,349. Insiders own 0.56% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on DG shares. Raymond James Financial lifted their target price on shares of Dollar General from $100.00 to $125.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Cfra Research raised Dollar General to a "hold" rating in a report on Tuesday, June 3rd. Truist Financial boosted their price objective on Dollar General from $93.00 to $112.00 and gave the company a "hold" rating in a research report on Wednesday, June 4th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $80.00 price objective (down from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. Finally, Melius upgraded Dollar General from a "hold" rating to a "buy" rating and set a $110.00 price objective on the stock in a research report on Tuesday, April 8th. Fifteen equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Dollar General presently has an average rating of "Moderate Buy" and an average target price of $109.04.

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.