Y Intercept Hong Kong Ltd Grows Stock Position in Dollar General Corporation (NYSE:DG)

Y Intercept Hong Kong Ltd lifted its stake in Dollar General Corporation (NYSE:DG - Free Report) by 164.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,449 shares of the company's stock after buying an additional 33,211 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Dollar General were worth $4,700,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Studio Investment Management LLC raised 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 valued at $75,000 after acquiring an additional 139 shares during the period. Eagle Rock Investment Company LLC raised its stake in shares of Dollar General by 0.5% in the first quarter. Eagle Rock Investment Company LLC now owns 28,983 shares of the company's stock valued at $2,548,000 after acquiring an additional 156 shares during the period. CVA Family Office LLC grew its holdings in shares of Dollar General by 39.4% in the first quarter. CVA Family Office LLC now owns 570 shares of the company's stock worth $50,000 after purchasing an additional 161 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Dollar General by 12.1% in the first quarter. Allworth Financial LP now owns 1,519 shares of the company's stock worth $142,000 after purchasing an additional 164 shares during the last quarter. Finally, Bogart Wealth LLC grew its holdings in shares of Dollar General by 37.6% in the first quarter. Bogart Wealth LLC now owns 674 shares of the company's stock worth $59,000 after purchasing an additional 184 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company's stock.

Dollar General Price Performance

DG traded up $0.17 on Friday, hitting $107.92. 569,360 shares of the company's stock were exchanged, compared to its average volume of 3,869,115. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $126.98. 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 50-day moving average price of $109.30 and a 200-day moving average price of $90.94. The stock has a market cap of $23.75 billion, a price-to-earnings ratio of 20.59, a P/E/G ratio of 2.67 and a beta of 0.31.

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

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, July 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.19%. Dollar General's dividend payout ratio is presently 45.04%.

Analyst Ratings Changes

Several brokerages have issued reports on DG. Citigroup increased their target price on shares of Dollar General from $101.00 to $112.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Melius upgraded shares of Dollar General from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a report on Tuesday, April 8th. Cfra Research upgraded shares of Dollar General to a "hold" rating in a report on Tuesday, June 3rd. Piper Sandler raised their price target on shares of Dollar General from $112.00 to $115.00 and gave the company a "neutral" rating in a report on Tuesday. Finally, JPMorgan Chase & Co. raised their price target on shares of Dollar General from $88.00 to $95.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Sixteen investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Dollar General has an average rating of "Hold" and an average price target of $108.40.

Insider Buying and Selling at Dollar General

In related news, EVP Kathleen A. Reardon sold 6,438 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $4,646,027.76. The trade was a 13.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Emily C. Taylor sold 1,969 shares of the business'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 owned 46,563 shares in the company, valued at approximately $5,261,619. This trade 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 owned by insiders.

About Dollar General

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.