13,159 Shares in Dollar General Corporation (NYSE:DG) Bought by Koss Olinger Consulting LLC

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 stake in shares of Dollar General Corporation (NYSE:DG - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,159 shares of the company's stock, valued at approximately $1,157,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Townsquare Capital LLC lifted its position in shares of Dollar General by 47.1% in the 1st quarter. Townsquare Capital LLC now owns 19,147 shares of the company's stock worth $1,684,000 after acquiring an additional 6,134 shares during the period. Zions Bancorporation National Association UT bought a new position in Dollar General in the 1st quarter valued at $90,000. Bristlecone Advisors LLC raised its position in Dollar General by 28.4% in the 1st quarter. Bristlecone Advisors LLC now owns 24,862 shares of the company's stock valued at $2,186,000 after purchasing an additional 5,497 shares during the last quarter. Citigroup Inc. increased its stake in shares of Dollar General by 27.5% in the 1st quarter. Citigroup Inc. now owns 241,418 shares of the company's stock valued at $21,228,000 after buying an additional 52,097 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Dollar General by 12.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 399,060 shares of the company's stock valued at $35,089,000 after buying an additional 43,748 shares during the period. Institutional investors and hedge funds own 91.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DG. Wells Fargo & Company lifted their target price on Dollar General from $80.00 to $105.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 4th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $120.00 price objective on shares of Dollar General in a research note on Thursday, July 17th. KeyCorp reaffirmed a "sector weight" rating on shares of Dollar General in a research note on Wednesday, June 4th. JPMorgan Chase & Co. lifted their price objective on Dollar General from $88.00 to $95.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Finally, Barclays lifted their price objective on Dollar General from $100.00 to $119.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Sixteen equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $108.80.

Dollar General Stock Up 0.4%

Shares of DG traded up $0.41 during trading hours on Wednesday, hitting $115.60. The stock had a trading volume of 2,098,713 shares, compared to its average volume of 3,785,331. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.23 and a quick ratio of 0.20. The firm has a 50 day simple moving average of $112.00 and a 200-day simple moving average of $94.67. The firm has a market capitalization of $25.44 billion, a P/E ratio of 22.02, a price-to-earnings-growth ratio of 2.80 and a beta of 0.31. Dollar General Corporation has a 1-year low of $66.43 and a 1-year high of $126.98.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, beating 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 for the quarter, compared to analysts' expectations of $10.25 billion. During the same quarter last year, the firm earned $1.65 EPS. The firm's revenue for the quarter was up 5.3% compared to the same quarter last year. Sell-side analysts predict that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Kathleen A. Reardon sold 6,438 shares of Dollar General stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $111.56, for a total value of $718,223.28. Following the sale, the executive vice president owned 41,646 shares of the company's stock, valued at approximately $4,646,027.76. The trade was a 13.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Emily C. Taylor sold 1,969 shares of Dollar General stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 46,563 shares in the company, valued at $5,261,619. This trade represents a 4.06% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.56% of the company's stock.

Dollar General 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.