Envestnet Asset Management Inc. Buys 142,337 Shares of Dollar General Corporation (NYSE:DG)

Envestnet Asset Management Inc. grew its stake in Dollar General Corporation (NYSE:DG - Free Report) by 18.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 898,052 shares of the company's stock after acquiring an additional 142,337 shares during the period. Envestnet Asset Management Inc. owned 0.41% of Dollar General worth $78,966,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. IMG Wealth Management Inc. bought a new stake in shares of Dollar General in the 4th quarter valued at about $25,000. Altshuler Shaham Ltd acquired a new stake in Dollar General in the fourth quarter worth $25,000. Ameriflex Group Inc. bought a new position in shares of Dollar General during the fourth quarter worth $31,000. Golden State Wealth Management LLC grew its holdings in shares of Dollar General by 170.1% in the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock valued at $48,000 after buying an additional 342 shares during the period. Finally, CVA Family Office LLC raised its stake in Dollar General by 39.4% during the 1st quarter. CVA Family Office LLC now owns 570 shares of the company's stock worth $50,000 after buying an additional 161 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Trading Up 0.7%

NYSE:DG traded up $0.77 during mid-day trading on Friday, hitting $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 current ratio of 1.23, a quick ratio of 0.20 and a debt-to-equity ratio of 0.74. The firm 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 50 day simple moving average of $105.35 and a 200-day simple moving average of $88.51.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $10.44 billion for the quarter, compared to analysts' expectations of $10.25 billion. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. Dollar General's revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.65 earnings per share. As a group, research analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, July 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.09%. Dollar General's payout ratio is currently 45.04%.

Insider Activity at Dollar General

In other news, EVP Kathleen A. Reardon sold 6,438 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were 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 trade represents a 13.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Emily C. Taylor sold 1,969 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total transaction of $222,497.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DG. Bank of America increased their price target on Dollar General from $115.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. UBS Group increased their price objective on shares of Dollar General from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Oppenheimer raised shares of Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 target price for the company in a research note on Wednesday, June 4th. Jefferies Financial Group reiterated a "buy" rating on shares of Dollar General in a research note on Tuesday, June 3rd. Finally, Raymond James Financial raised their target price on shares of Dollar General from $100.00 to $125.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Sixteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Dollar General has a consensus rating of "Hold" and an average price target of $109.46.

Dollar General 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.