Frank Rimerman Advisors LLC Acquires Shares of 2,876 Dollar General Corporation (NYSE:DG)

Key Points

• Frank Rimerman Advisors LLC acquired a new position in Dollar General Corp., purchasing 2,876 shares valued at approximately $253,000 in the 1st quarter.
• Dollar General reported earnings of $1.78 per share for the recent quarter, exceeding analysts' expectations by $0.32, with year-over-year revenue growth of 5.3%.
• The company declared a quarterly dividend of $0.59, resulting in an annualized yield of 2.1%, with a dividend payout ratio of 45.04%.

Frank Rimerman Advisors LLC acquired a new stake in Dollar General Corporation (NYSE:DG - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 2,876 shares of the company's stock, valued at approximately $253,000.

Other institutional investors have also added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new stake in Dollar General in the 4th quarter valued at $25,000. Ameriflex Group Inc. acquired a new stake in Dollar General in the 4th quarter valued at $31,000. Mountain Hill Investment Partners Corp. increased its stake in Dollar General by 66.7% in the 1st 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 during the last quarter. Golden State Wealth Management LLC increased its stake in Dollar General by 170.1% in the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock valued at $48,000 after buying an additional 342 shares during the last quarter. Finally, CVA Family Office LLC increased its stake in Dollar General by 39.4% in the 1st quarter. CVA Family Office LLC now owns 570 shares of the company's stock valued at $50,000 after buying an additional 161 shares during the last quarter. 91.77% of the stock is owned by institutional investors.

Dollar General Stock Performance

DG traded up $0.64 on Wednesday, reaching $115.83. The company had a trading volume of 3,874,824 shares, compared to its average volume of 2,718,018. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $126.98. The stock has a market cap of $25.49 billion, a P/E ratio of 22.11, a P/E/G ratio of 2.82 and a beta of 0.31. The company's fifty day moving average is $112.08 and its 200 day moving average is $94.81. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.20 and a current ratio of 1.23.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $1.78 EPS 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 business had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.25 billion. During the same quarter in the prior year, the business earned $1.65 EPS. Dollar General's quarterly revenue was up 5.3% on a year-over-year basis. As a group, analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, July 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.0%. Dollar General's payout ratio is currently 45.04%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on DG shares. Gordon Haskett upgraded shares of Dollar General from a "reduce" rating to an "accumulate" rating in a research note on Tuesday, June 3rd. Evercore ISI lifted their price target on shares of Dollar General from $118.00 to $120.00 and gave the company an "in-line" rating in a research note on Tuesday. Cfra Research upgraded shares of Dollar General to a "hold" rating in a research note on Tuesday, June 3rd. Loop Capital lifted their price target on shares of Dollar General from $110.00 to $120.00 and gave the company a "hold" rating in a research note on Thursday, July 10th. Finally, Morgan Stanley lifted their price target on shares of Dollar General from $85.00 to $115.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 4th. Sixteen analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $108.80.

Insider Transactions at Dollar General

In other Dollar General news, 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 value of $222,497.00. Following the completion of the sale, the executive vice president owned 46,563 shares of the company's stock, valued at $5,261,619. The trade was a 4.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction 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 disclosure for this sale can be found here. Insiders own 0.56% of the company's stock.

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.