Dollar General Co. (NYSE:DG) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC increased its holdings in shares of Dollar General Co. (NYSE:DG - Free Report) by 10,718.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 533,559 shares of the company's stock after acquiring an additional 528,627 shares during the period. GAMMA Investing LLC owned about 0.24% of Dollar General worth $46,916,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Dollar General by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 25,231,285 shares of the company's stock valued at $1,913,036,000 after acquiring an additional 160,853 shares during the period. Pzena Investment Management LLC grew its stake in Dollar General by 14.9% during the 4th quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company's stock valued at $892,199,000 after purchasing an additional 1,528,450 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Dollar General by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 5,361,216 shares of the company's stock valued at $405,425,000 after buying an additional 118,204 shares during the period. First Eagle Investment Management LLC acquired a new position in shares of Dollar General in the 4th quarter valued at about $399,433,000. Finally, ACR Alpine Capital Research LLC lifted its holdings in shares of Dollar General by 8,426.1% in the 4th quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company's stock valued at $306,424,000 after buying an additional 3,994,070 shares during the period. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Stock Performance

Shares of NYSE DG traded up $2.06 during midday trading on Thursday, reaching $113.83. 4,534,325 shares of the company were exchanged, compared to its average volume of 4,065,160. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $135.57. The stock has a fifty day simple moving average of $93.85 and a 200 day simple moving average of $82.03. The stock has a market cap of $25.04 billion, a P/E ratio of 18.75, a PEG ratio of 2.18 and a beta of 0.26.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.46 by $0.32. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.25 billion. During the same quarter last year, the company posted $1.65 earnings per share. The business's revenue was up 5.3% on a year-over-year basis. On average, research analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors 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 dividend yield of 2.07%. The ex-dividend date of this dividend is Tuesday, July 8th. Dollar General's dividend payout ratio is currently 46.18%.

Analyst Ratings Changes

DG has been the subject of several research reports. Telsey Advisory Group boosted their price objective on Dollar General from $100.00 to $120.00 and gave the stock a "market perform" rating in a research note on Wednesday. Cfra Research upgraded Dollar General to a "hold" rating in a research report on Tuesday. Gordon Haskett upgraded Dollar General from a "reduce" rating to an "accumulate" rating in a research report on Tuesday. Truist Financial upped their price target on Dollar General from $93.00 to $112.00 and gave the stock a "hold" rating in a research note on Wednesday. Finally, Barclays upped their price target on Dollar General from $100.00 to $119.00 and gave the stock an "overweight" rating in a research note on Wednesday. Fifteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $109.04.

Insider Buying and Selling

In related news, EVP Emily C. Taylor sold 809 shares of the firm's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the sale, the executive vice president now owns 48,532 shares in the company, valued at $4,596,951.04. This trade represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate 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.