IFM Investors Pty Ltd Purchases 3,575 Shares of Dollar General Corporation (NYSE:DG)

IFM Investors Pty Ltd raised its holdings in Dollar General Corporation (NYSE:DG - Free Report) by 8.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,731 shares of the company's stock after acquiring an additional 3,575 shares during the quarter. IFM Investors Pty Ltd's holdings in Dollar General were worth $3,698,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Studio Investment Management LLC raised its stake in Dollar General by 16.4% during the 4th quarter. Studio Investment Management LLC now owns 989 shares of the company's stock valued at $75,000 after purchasing an additional 139 shares during the last quarter. Eagle Rock Investment Company LLC increased its position in shares of Dollar General by 0.5% during the 1st quarter. Eagle Rock Investment Company LLC now owns 28,983 shares of the company's stock worth $2,548,000 after purchasing an additional 156 shares in the last quarter. CVA Family Office LLC grew its holdings in 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 acquiring an additional 161 shares during the last quarter. Federated Hermes Inc. grew its holdings in 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 acquiring an additional 192 shares during the last quarter. Finally, Colonial Trust Co SC grew its position 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 period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dollar General

In other news, EVP Kathleen A. Reardon sold 6,438 shares of the firm's stock in a transaction on 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 transaction, the executive vice president owned 41,646 shares of the company's stock, valued at approximately $4,646,027.76. This trade represents a 13.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Emily C. Taylor sold 1,969 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total transaction of $222,497.00. Following the sale, the executive vice president owned 46,563 shares of the company's stock, valued at approximately $5,261,619. This trade represents a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by company insiders.

Dollar General Price Performance

NYSE:DG traded down $0.11 on Thursday, hitting $112.24. The company had a trading volume of 2,519,226 shares, compared to its average volume of 4,108,940. The stock has a market capitalization of $24.70 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 2.76 and a beta of 0.31. The company has a current ratio of 1.23, a quick ratio of 0.20 and a debt-to-equity ratio of 0.74. The firm has a 50 day moving average of $104.91 and a two-hundred day moving average of $88.25. Dollar General Corporation has a 52 week low of $66.43 and a 52 week high of $135.46.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.46 by $0.32. The business had revenue of $10.44 billion during 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 firm's revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.65 EPS. On average, research analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Tuesday, July 8th. Dollar General's payout ratio is currently 45.04%.

Wall Street Analysts Forecast Growth

DG has been the topic of a number of recent research reports. UBS Group raised their price objective on shares of Dollar General from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. The Goldman Sachs Group cut shares of Dollar General from a "buy" rating to a "neutral" rating and upped their target price for the company from $115.00 to $116.00 in a report on Tuesday, June 24th. Truist Financial upped their target price on shares of Dollar General from $93.00 to $112.00 and gave the company a "hold" rating in a report on Wednesday, June 4th. Barclays upped their target price on shares of Dollar General from $100.00 to $119.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Finally, Citigroup upped their price target on shares of Dollar General from $101.00 to $112.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Sixteen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $109.46.

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.