Assenagon Asset Management S.A. Has $395,000 Stock Holdings in Dollar General Corporation (NYSE:DG)

Assenagon Asset Management S.A. lowered its stake in shares of Dollar General Corporation (NYSE:DG - Free Report) by 97.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,497 shares of the company's stock after selling 190,705 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Dollar General were worth $395,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Studio Investment Management LLC lifted its stake in shares of Dollar General by 16.4% in the fourth quarter. Studio Investment Management LLC now owns 989 shares of the company's stock worth $75,000 after buying an additional 139 shares during the last quarter. Deseret Mutual Benefit Administrators grew its stake in Dollar General by 8.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company's stock valued at $143,000 after buying an additional 150 shares during the last quarter. Eagle Rock Investment Company LLC raised its holdings in Dollar General by 0.5% in the 1st quarter. Eagle Rock Investment Company LLC now owns 28,983 shares of the company's stock worth $2,548,000 after acquiring an additional 156 shares during the period. Federated Hermes Inc. lifted its position in Dollar General by 9.8% during the 4th quarter. Federated Hermes Inc. now owns 2,159 shares of the company's stock worth $164,000 after acquiring an additional 192 shares during the last quarter. Finally, Colonial Trust Co SC boosted its holdings in Dollar General by 13.9% during the fourth quarter. Colonial Trust Co SC now owns 1,633 shares of the company's stock valued at $124,000 after acquiring an additional 199 shares during the period. Institutional investors and hedge funds own 91.77% of the company's stock.

Insider Activity

In other Dollar General news, EVP Kathleen A. Reardon sold 6,438 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $111.56, for a total transaction of $718,223.28. Following the sale, the executive vice president now owns 41,646 shares of the company's stock, valued at $4,646,027.76. This represents a 13.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Emily C. Taylor sold 1,969 shares of the firm's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $113.00, for a total transaction of $222,497.00. Following the completion of the sale, the executive vice president now owns 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. Over the last 90 days, insiders sold 9,216 shares of company stock worth $1,017,349. Insiders own 0.56% of the company's stock.

Dollar General Price Performance

DG stock traded down $0.84 during trading on Friday, hitting $111.47. The company had a trading volume of 4,972,260 shares, compared to its average volume of 4,092,281. The company has a fifty day moving average price of $98.99 and a two-hundred day moving average price of $84.81. 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 cap of $24.53 billion, a P/E ratio of 21.27, a P/E/G ratio of 2.93 and a beta of 0.26. The company has a current ratio of 1.23, a quick ratio of 0.20 and a debt-to-equity ratio of 0.74.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.46 by $0.32. Dollar General had a return on equity of 17.93% and a net margin of 2.81%. The company had revenue of $10.44 billion during the quarter, compared to analysts' expectations of $10.25 billion. During the same period last year, the business earned $1.65 earnings per share. The business's revenue was up 5.3% on a year-over-year basis. Equities research analysts expect 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 2.12%. The ex-dividend date is Tuesday, July 8th. Dollar General's payout ratio is 45.04%.

Wall Street Analysts Forecast Growth

DG has been the topic of a number of recent analyst reports. Barclays lifted their price objective on Dollar General from $100.00 to $119.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Morgan Stanley lifted their price target on Dollar General from $85.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 4th. Sanford C. Bernstein set a $120.00 price objective on Dollar General in a research report on Friday, May 23rd. Evercore ISI raised their price objective on shares of Dollar General from $105.00 to $117.00 and gave the stock an "in-line" rating in a research note on Thursday, June 5th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Dollar General in a research note on Tuesday, June 3rd. Fifteen equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Dollar General currently has an average rating of "Moderate Buy" and an average price target 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.