Flossbach Von Storch SE Has $106.11 Million Position in Dollar General Corporation (NYSE:DG)

Flossbach Von Storch SE decreased its holdings in shares of Dollar General Corporation (NYSE:DG - Free Report) by 5.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,206,739 shares of the company's stock after selling 66,516 shares during the quarter. Flossbach Von Storch SE owned approximately 0.55% of Dollar General worth $106,109,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Studio Investment Management LLC lifted its stake in 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 last quarter. Eagle Rock Investment Company LLC lifted its stake in 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 last quarter. CVA Family Office LLC lifted its stake in shares of Dollar General by 39.4% during the 1st quarter. CVA Family Office LLC now owns 570 shares of the company's stock worth $50,000 after buying an additional 161 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of 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 buying an additional 192 shares during the last quarter. Finally, Colonial Trust Co SC lifted its stake in shares of Dollar General by 13.9% during the 4th quarter. Colonial Trust Co SC now owns 1,633 shares of the company's stock worth $124,000 after buying an additional 199 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

Dollar General Price Performance

DG stock traded up $0.77 during mid-day trading on Friday, hitting $113.03. The stock had a trading volume of 2,211,781 shares, compared to its average volume of 4,127,866. 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 Corporation has a 52 week low of $66.43 and a 52 week high of $132.48. The firm has a market capitalization of $24.87 billion, a P/E ratio of 21.57, a P/E/G ratio of 2.77 and a beta of 0.31. The firm has a fifty day simple moving average of $105.80 and a 200 day simple moving average of $88.87.

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

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Tuesday, July 8th. Dollar General's payout ratio is 45.04%.

Insider Buying and Selling

In other news, EVP Kathleen A. Reardon sold 6,438 shares of the company'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 approximately $4,646,027.76. This represents a 13.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Emily C. Taylor sold 1,969 shares of the company's stock in a transaction on 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 directly owned 46,563 shares in the company, valued at approximately $5,261,619. This represents a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.56% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DG. Evercore ISI raised their target price 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. Barclays raised their target price on shares of Dollar General from $100.00 to $119.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Truist Financial raised their target price 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. Bank of America raised their target price on shares of Dollar General from $115.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, Melius Research upgraded shares of Dollar General from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Sixteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $109.46.

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.