D.A. Davidson & CO. Has $565,000 Stock Holdings in Dollar General Corporation (NYSE:DG)

D.A. Davidson & CO. lifted its stake in Dollar General Corporation (NYSE:DG - Free Report) by 83.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,428 shares of the company's stock after acquiring an additional 2,928 shares during the quarter. D.A. Davidson & CO.'s holdings in Dollar General were worth $565,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Mutual Advisors LLC acquired a new position in Dollar General in the 1st quarter worth about $533,000. Oregon Public Employees Retirement Fund increased its holdings in Dollar General by 6.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 20,046 shares of the company's stock worth $1,763,000 after buying an additional 1,210 shares during the last quarter. ZWJ Investment Counsel Inc. raised its position in Dollar General by 52.5% during the first quarter. ZWJ Investment Counsel Inc. now owns 151,415 shares of the company's stock valued at $13,314,000 after acquiring an additional 52,150 shares in the last quarter. Capital Investment Counsel Inc lifted its stake in Dollar General by 6.9% in the first quarter. Capital Investment Counsel Inc now owns 39,840 shares of the company's stock valued at $3,503,000 after acquiring an additional 2,567 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in Dollar General in the first quarter worth approximately $2,827,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Stock Performance

DG traded up $0.77 during trading on Friday, reaching $113.03. 2,211,781 shares of the company's stock were exchanged, compared to its average volume of 4,118,270. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $135.46. The company has a market capitalization of $24.87 billion, a P/E ratio of 18.56, a PEG ratio of 2.75 and a beta of 0.31. 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 business has a 50 day moving average price of $105.35 and a 200 day moving average price of $88.51.

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

Dollar General Announces Dividend

The company also recently disclosed 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. This represents a $2.36 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Tuesday, July 8th. Dollar General's payout ratio is 45.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Citigroup lifted their price objective on shares of Dollar General from $101.00 to $112.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Truist Financial boosted their price target on Dollar General from $93.00 to $112.00 and gave the stock a "hold" 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 report on Tuesday, April 8th. Guggenheim boosted their target price on Dollar General from $100.00 to $105.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, Barclays increased their price target on Dollar General from $100.00 to $119.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Sixteen research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Dollar General presently has a consensus rating of "Hold" and a consensus target price of $109.46.

Insider Buying and Selling

In related news, EVP Kathleen A. Reardon sold 6,438 shares of the 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 in the company, valued at $4,646,027.76. This represents a 13.39% decrease in their position. The transaction 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 business's stock in a transaction 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 completion of the transaction, the executive vice president directly owned 46,563 shares in the company, valued at approximately $5,261,619. This represents a 4.06% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.56% of the company's stock.

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.