Fairvoy Private Wealth LLC Takes Position in Dollar General Co. (NYSE:DG)

Fairvoy Private Wealth LLC purchased a new stake in shares of Dollar General Co. (NYSE:DG - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 9,835 shares of the company's stock, valued at approximately $865,000.

Other hedge funds have also recently made changes to their positions in the company. Altshuler Shaham Ltd bought a new stake in Dollar General in the fourth quarter worth $25,000. IMG Wealth Management Inc. bought a new stake in Dollar General in the fourth quarter worth $25,000. Providence First Trust Co bought a new stake in Dollar General in the fourth quarter worth $33,000. Ameriflex Group Inc. bought a new stake in Dollar General in the fourth quarter worth $31,000. Finally, Bogart Wealth LLC lifted its stake in Dollar General by 279.8% in the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company's stock worth $37,000 after purchasing an additional 361 shares during the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on DG shares. Bank of America upped their price objective on shares of Dollar General from $115.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Piper Sandler upped their price objective on shares of Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a research note on Friday, March 14th. Loop Capital upped their price objective on shares of Dollar General from $80.00 to $110.00 and gave the company a "hold" rating in a research note on Wednesday, June 4th. The Goldman Sachs Group upped their price objective on shares of Dollar General from $96.00 to $115.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, Guggenheim upped their price objective on shares of Dollar General from $100.00 to $105.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Fifteen investment 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 stock. According to data from MarketBeat, Dollar General presently has an average rating of "Moderate Buy" and a consensus price target of $109.04.

Insider Transactions at Dollar General

In other news, EVP Emily C. Taylor sold 809 shares of the company's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the transaction, the executive vice president now owns 48,532 shares in the company, valued at approximately $4,596,951.04. This represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.56% of the company's stock.

Dollar General Price Performance

Shares of DG opened at $111.59 on Friday. The stock has a market cap of $24.56 billion, a PE ratio of 18.38, a price-to-earnings-growth ratio of 2.18 and a beta of 0.26. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $135.46. The firm's 50-day simple moving average is $96.92 and its two-hundred day simple moving average is $83.87.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, topping analysts' consensus estimates of $1.46 by $0.32. The business had revenue of $10.44 billion for the quarter, compared to analysts' expectations of $10.25 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business's revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.65 earnings per share. Analysts anticipate that Dollar General Co. will post 5.75 earnings per share 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. Stockholders of record on Tuesday, July 8th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, July 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.11%. Dollar General's dividend payout ratio is presently 45.04%.

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.

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