Kwmg LLC Has $4.74 Million Stake in Dollar General Co. (NYSE:DG)

Kwmg LLC increased its holdings in shares of Dollar General Co. (NYSE:DG - Free Report) by 9.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 53,871 shares of the company's stock after purchasing an additional 4,802 shares during the period. Kwmg LLC's holdings in Dollar General were worth $4,737,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Dollar General by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 25,231,285 shares of the company's stock worth $1,913,036,000 after acquiring an additional 160,853 shares during the period. Pzena Investment Management LLC boosted its holdings in shares of Dollar General by 14.9% during the fourth quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company's stock worth $892,199,000 after acquiring an additional 1,528,450 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Dollar General by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 5,361,216 shares of the company's stock worth $405,425,000 after acquiring an additional 118,204 shares during the period. First Eagle Investment Management LLC bought a new stake in shares of Dollar General during the fourth quarter worth approximately $399,433,000. Finally, ACR Alpine Capital Research LLC boosted its holdings in shares of Dollar General by 8,426.1% during the fourth quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company's stock worth $306,424,000 after acquiring an additional 3,994,070 shares during the period. Institutional investors own 91.77% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on DG shares. Guggenheim boosted their price objective on Dollar General from $100.00 to $105.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Piper Sandler boosted their price objective on Dollar General from $79.00 to $81.00 and gave the stock a "neutral" rating in a report on Friday, March 14th. Melius Research upgraded Dollar General from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. UBS Group lifted their price target on shares of Dollar General from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Loop Capital lifted their price target on shares of Dollar General from $80.00 to $110.00 and gave the company a "hold" rating in a research report on Wednesday. Fourteen equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $108.19.

Insider Activity at Dollar General

In related news, EVP Emily C. Taylor sold 809 shares of the stock in a transaction on Friday, April 4th. The stock was sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the sale, the executive vice president now directly owns 48,532 shares in the company, valued at $4,596,951.04. This represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.56% of the stock is currently owned by company insiders.

Dollar General Price Performance

DG traded down $0.68 on Wednesday, reaching $111.89. The stock had a trading volume of 6,036,993 shares, compared to its average volume of 4,058,129. The firm has a 50-day moving average of $93.33 and a 200-day moving average of $81.82. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $141.24. The company has a market capitalization of $24.61 billion, a price-to-earnings ratio of 18.43, a price-to-earnings-growth ratio of 2.18 and a beta of 0.26. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.46 by $0.32. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business had revenue of $10.44 billion during the quarter, compared to analyst estimates of $10.25 billion. During the same quarter last year, the business earned $1.65 EPS. The firm's quarterly revenue was up 5.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, July 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.11%. Dollar General's payout ratio is 46.18%.

Dollar General Company 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.