Hixon Zuercher LLC Purchases 5,388 Shares of Dollar General Corporation (NYSE:DG)

Hixon Zuercher LLC increased its position in shares of Dollar General Corporation (NYSE:DG - Free Report) by 52.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,665 shares of the company's stock after purchasing an additional 5,388 shares during the period. Hixon Zuercher LLC's holdings in Dollar General were worth $1,377,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd acquired a new position in shares of Dollar General in the fourth quarter worth about $25,000. IMG Wealth Management Inc. purchased a new position in Dollar General during the 4th quarter worth approximately $25,000. Ameriflex Group Inc. acquired a new stake in Dollar General during the 4th quarter valued at $31,000. OFI Invest Asset Management purchased a new stake in shares of Dollar General in the fourth quarter valued at $37,000. Finally, Golden State Wealth Management LLC boosted 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 worth $48,000 after buying an additional 342 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Dollar General

In other news, EVP Emily C. Taylor sold 1,969 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president directly owned 46,563 shares of the company's stock, valued at $5,261,619. This trade represents a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Kathleen A. Reardon sold 6,438 shares of the firm'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 sale, the executive vice president directly owned 41,646 shares of the company's stock, valued at $4,646,027.76. This represents a 13.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,216 shares of company stock valued at $1,017,349 over the last ninety days. Company insiders own 0.56% of the company's stock.

Dollar General Trading Up 0.7%

Shares of Dollar General stock traded up $0.83 during trading on Tuesday, reaching $115.21. 2,834,208 shares of the company were exchanged, compared to its average volume of 4,086,740. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $135.46. The business has a 50-day moving average price of $102.09 and a 200-day moving average price of $86.53. 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 firm has a market capitalization of $25.36 billion, a price-to-earnings ratio of 21.99, a P/E/G ratio of 2.98 and a beta of 0.26.

Dollar General (NYSE:DG - Get Free Report) last posted its earnings results 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 firm had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.25 billion. Dollar General had a return on equity of 17.93% and a net margin of 2.81%. The company's revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.65 earnings per share. Sell-side analysts anticipate that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Tuesday, July 8th. Dollar General's payout ratio is 45.04%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Melius Research raised shares of Dollar General from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Raymond James Financial raised their price target on shares of Dollar General from $100.00 to $125.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Bank of America upped their target price on Dollar General from $115.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Sanford C. Bernstein set a $120.00 price objective on shares of Dollar General in a research note on Friday, May 23rd. Finally, Loop Capital upped their price objective on shares of Dollar General from $80.00 to $110.00 and gave the stock a "hold" rating in a report on Wednesday, June 4th. Sixteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $109.08.

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.