Koss Olinger Consulting LLC Takes Position in Dollar General Corporation (NYSE:DG)

Key Points

• Koss Olinger Consulting LLC acquired a stake in Dollar General Corporation by purchasing 13,159 shares, valued at approximately $1,157,000, in the first quarter.
• Dollar General's stock has an average price target of $108.40 following multiple analysts' upgrades, with a current consensus rating of "Hold".
• The company announced a quarterly dividend of $0.59 per share, representing a 2.0% yield and a dividend payout ratio of 45.04%.

Koss Olinger Consulting LLC acquired a new position in Dollar General Corporation (NYSE:DG - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 13,159 shares of the company's stock, valued at approximately $1,157,000.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Dollar General by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company's stock valued at $2,324,271,000 after purchasing an additional 1,201,917 shares during the last quarter. Pzena Investment Management LLC increased its position in shares of Dollar General by 8.5% during the 1st quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company's stock valued at $1,122,914,000 after purchasing an additional 1,003,206 shares during the last quarter. ACR Alpine Capital Research LLC increased its position in shares of Dollar General by 3.9% during 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 purchasing an additional 155,966 shares during the last quarter. Invesco Ltd. boosted its holdings in Dollar General by 32.1% during the 4th quarter. Invesco Ltd. now owns 3,380,501 shares of the company's stock valued at $256,310,000 after acquiring an additional 821,608 shares during the period. Finally, Two Sigma Investments LP boosted its holdings 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 valued at $178,491,000 after acquiring an additional 1,797,776 shares during the period. Institutional investors own 91.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DG. Barclays boosted their price objective on Dollar General from $100.00 to $119.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Sanford C. Bernstein set a $120.00 price objective on Dollar General in a report on Friday, May 23rd. JPMorgan Chase & Co. boosted their price objective on Dollar General from $88.00 to $95.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Loop Capital boosted their price objective on Dollar General from $110.00 to $120.00 and gave the company a "hold" rating in a report on Thursday, July 10th. Finally, Evercore ISI boosted their price objective on Dollar General from $118.00 to $120.00 and gave the company an "in-line" rating in a report on Tuesday. Sixteen equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $108.52.

Dollar General Trading Up 0.6%

Shares of Dollar General stock traded up $0.71 during trading hours on Tuesday, hitting $115.26. The company's stock had a trading volume of 2,277,242 shares, compared to its average volume of 3,796,302. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $126.98. The firm has a fifty day moving average of $111.95 and a 200-day moving average of $94.52. The stock has a market cap of $25.37 billion, a price-to-earnings ratio of 22.00, a P/E/G ratio of 2.85 and a beta of 0.31. 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 issued its quarterly earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $10.25 billion. During the same quarter in the prior year, the business earned $1.65 EPS. Dollar General's revenue was up 5.3% on a year-over-year basis. Research analysts forecast that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

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

Insider Transactions at Dollar General

In other news, EVP Kathleen A. Reardon sold 6,438 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $111.56, for a total value of $718,223.28. Following the transaction, the executive vice president owned 41,646 shares in the company, valued at approximately $4,646,027.76. This represents a 13.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 value of $222,497.00. Following the completion of the transaction, the executive vice president 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. Corporate 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.