LPL Financial LLC Buys 11,359 Shares of Dollar General Corporation (NYSE:DG)

LPL Financial LLC boosted its position in shares of Dollar General Corporation (NYSE:DG - Free Report) by 6.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 177,276 shares of the company's stock after buying an additional 11,359 shares during the quarter. LPL Financial LLC owned 0.08% of Dollar General worth $15,588,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of DG. Altshuler Shaham Ltd acquired a new position in shares of Dollar General in the 4th quarter worth $25,000. Ameriflex Group Inc. acquired a new stake in Dollar General during the 4th quarter worth about $31,000. Mountain Hill Investment Partners Corp. lifted its stake in Dollar General by 66.7% during the first quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock valued at $44,000 after buying an additional 200 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings 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. Finally, CVA Family Office LLC increased its position 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 acquiring an additional 161 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DG has been the subject of a number of recent analyst reports. Truist Financial raised their price objective on shares of Dollar General from $93.00 to $112.00 and gave the stock a "hold" rating in a research note on Wednesday, June 4th. KeyCorp reissued a "sector weight" rating on shares of Dollar General in a research note on Wednesday, June 4th. Raymond James Financial raised their price objective on Dollar General from $100.00 to $125.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Barclays increased their price target on shares of Dollar General from $100.00 to $119.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Finally, Piper Sandler upped their price objective on shares of Dollar General from $112.00 to $115.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Sixteen investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Dollar General presently has a consensus rating of "Hold" and an average price target of $108.40.

Insider Buying and Selling

In other Dollar General news, EVP Kathleen A. Reardon sold 6,438 shares of the 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 completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Emily C. Taylor sold 1,969 shares of the company'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 transaction, the executive vice president directly owned 46,563 shares of the company's stock, valued at $5,261,619. This represents a 4.06% decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.

Dollar General Stock Performance

Shares of NYSE:DG traded up $2.26 during trading on Thursday, reaching $115.58. The stock had a trading volume of 2,678,450 shares, compared to its average volume of 2,666,912. The stock has a fifty day simple moving average of $111.22 and a two-hundred day simple moving average of $93.60. The company has a quick ratio of 0.20, a current ratio of 1.23 and a debt-to-equity ratio of 0.74. Dollar General Corporation has a 52 week low of $66.43 and a 52 week high of $126.98. The firm has a market capitalization of $25.44 billion, a price-to-earnings ratio of 22.06, a P/E/G ratio of 2.77 and a beta of 0.31.

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

Dollar General Dividend Announcement

The firm 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 was Tuesday, July 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.0%. Dollar General's payout ratio is 45.04%.

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.