3,335 Shares in Dollar General Corporation (NYSE:DG) Acquired by Intrust Bank NA

Key Points

• Intrust Bank NA invested approximately $293,000 in Dollar General Corporation, acquiring 3,335 shares during the first quarter as part of their latest SEC filing.
• Institutional investors currently own 91.77% of Dollar General's stock, indicating strong institutional interest in the company.
• Dollar General's latest earnings report showed a net margin of 2.81% and revenue of $10.44 billion, surpassing analysts' expectations.

Intrust Bank NA bought a new position in Dollar General Corporation (NYSE:DG - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,335 shares of the company's stock, valued at approximately $293,000.

A number of other large investors have also made changes to their positions in DG. Pzena Investment Management LLC increased its stake in shares of Dollar General by 8.5% in the first quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company's stock worth $1,122,914,000 after buying an additional 1,003,206 shares during the last quarter. ACR Alpine Capital Research LLC grew its stake in shares of Dollar General by 3.9% in the 1st quarter. ACR Alpine Capital Research LLC now owns 4,197,437 shares of the company's stock valued at $369,081,000 after buying an additional 155,966 shares in the last quarter. Invesco Ltd. grew its stake in shares of Dollar General by 32.1% in the 4th quarter. Invesco Ltd. now owns 3,380,501 shares of the company's stock valued at $256,310,000 after buying an additional 821,608 shares in the last quarter. Two Sigma Investments LP lifted its position in Dollar General by 323.1% during the 4th quarter. Two Sigma Investments LP now owns 2,354,135 shares of the company's stock worth $178,491,000 after acquiring an additional 1,797,776 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of Dollar General by 11.0% in the fourth quarter. Northern Trust Corp now owns 2,023,890 shares of the company's stock valued at $153,451,000 after acquiring an additional 201,386 shares during the period. Hedge funds and other institutional investors own 91.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DG. KeyCorp reiterated a "sector weight" rating on shares of Dollar General in a research note on Wednesday, June 4th. Cfra Research raised shares of Dollar General to a "hold" rating in a research report on Tuesday, June 3rd. Jefferies Financial Group restated a "buy" rating on shares of Dollar General in a research note on Tuesday, June 3rd. The Goldman Sachs Group cut shares of Dollar General from a "buy" rating to a "neutral" rating and boosted their target price for the company from $115.00 to $116.00 in a research report on Tuesday, June 24th. Finally, UBS Group lifted their target price on Dollar General from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Sixteen analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Dollar General currently has an average rating of "Hold" and an average target price of $108.52.

Dollar General Stock Performance

Shares of DG traded up $0.38 during midday trading on Tuesday, reaching $114.93. 785,837 shares of the stock were exchanged, compared to its average volume of 3,786,313. The company has a market capitalization of $25.29 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 2.85 and a beta of 0.31. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $126.98. The business's 50-day moving average price is $111.95 and its 200 day moving average price is $94.52. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.23 and a quick ratio of 0.20.

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 for the quarter, topping analysts' consensus estimates of $1.46 by $0.32. Dollar General had a return on equity of 17.93% and a net margin of 2.81%. The company had revenue of $10.44 billion during the quarter, compared to analysts' expectations of $10.25 billion. During the same period in the previous year, the firm posted $1.65 earnings per share. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. On average, sell-side analysts expect that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently announced 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 2.1%. Dollar General's dividend payout ratio (DPR) is currently 45.04%.

Insider Transactions at Dollar General

In other Dollar General news, EVP Kathleen A. Reardon sold 6,438 shares of the business'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 $4,646,027.76. The trade was a 13.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Emily C. Taylor sold 1,969 shares of the company's stock in a transaction dated 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. The trade was a 4.06% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.56% of the company's stock.

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.