Jaffetilchin Investment Partners LLC cut its stake in shares of Dollar General Corporation (NYSE:DG - Free Report) by 9.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 32,523 shares of the company's stock after selling 3,464 shares during the period. Jaffetilchin Investment Partners LLC's holdings in Dollar General were worth $2,860,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in Dollar General in the fourth quarter worth $57,000. Oppenheimer & Co. Inc. grew its position in Dollar General by 81.4% in the fourth quarter. Oppenheimer & Co. Inc. now owns 5,648 shares of the company's stock worth $428,000 after buying an additional 2,534 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of Dollar General by 9.5% during the fourth quarter. Private Advisor Group LLC now owns 6,066 shares of the company's stock valued at $460,000 after purchasing an additional 524 shares during the last quarter. Sowell Financial Services LLC purchased a new position in shares of Dollar General in the first quarter worth approximately $280,000. Finally, Ameriprise Financial Inc. raised its stake in Dollar General by 18.1% during the 4th quarter. Ameriprise Financial Inc. now owns 107,306 shares of the company's stock valued at $8,137,000 after purchasing an additional 16,453 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
DG has been the subject of several recent research reports. Sanford C. Bernstein set a $120.00 price objective on Dollar General in a report on Friday, May 23rd. Truist Financial boosted their target price on shares of Dollar General from $93.00 to $112.00 and gave the stock a "hold" rating in a research report on Wednesday, June 4th. Melius raised Dollar General from a "hold" rating to a "buy" rating and set a $110.00 target price for the company in a research report on Tuesday, April 8th. KeyCorp reissued a "sector weight" rating on shares of Dollar General in a report on Wednesday, June 4th. Finally, Loop Capital boosted their price target on shares of Dollar General from $80.00 to $110.00 and gave the company a "hold" rating in a report on Wednesday, June 4th. Sixteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $109.08.
Check Out Our Latest Research Report on DG
Dollar General Stock Performance
Shares of NYSE:DG opened at $112.71 on Friday. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $135.46. The company has a market cap of $24.80 billion, a price-to-earnings ratio of 21.51, a price-to-earnings-growth ratio of 2.94 and a beta of 0.26. 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 company has a 50-day moving average price of $101.29 and a 200-day moving average price of $85.95.
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, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $10.25 billion. During the same period in the prior year, the business earned $1.65 EPS. The company's revenue for the quarter was up 5.3% on a year-over-year basis. As a group, equities analysts anticipate that Dollar General Corporation will post 5.75 EPS for the current year.
Dollar General Announces Dividend
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 paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Tuesday, July 8th. Dollar General's dividend payout ratio is 45.04%.
Insider Activity
In related news, EVP Kathleen A. Reardon sold 6,438 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was 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 now directly owns 41,646 shares of the company's stock, valued at approximately $4,646,027.76. This represents a 13.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Emily C. Taylor sold 1,969 shares of the 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 transaction, the executive vice president now directly owns 46,563 shares of the company's stock, 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. Over the last ninety days, insiders sold 9,216 shares of company stock worth $1,017,349. Insiders own 0.56% of the company's stock.
About Dollar General
(
Free Report)
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.
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