Dollar General Corporation (NYSE:DG) Shares Bought by Matrix Asset Advisors Inc. NY

Matrix Asset Advisors Inc. NY lifted its holdings in shares of Dollar General Corporation (NYSE:DG - Free Report) by 62.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 131,801 shares of the company's stock after purchasing an additional 50,584 shares during the quarter. Matrix Asset Advisors Inc. NY owned about 0.06% of Dollar General worth $11,589,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Studio Investment Management LLC grew its position in shares of Dollar General by 16.4% in the fourth quarter. Studio Investment Management LLC now owns 989 shares of the company's stock valued at $75,000 after purchasing an additional 139 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its stake in Dollar General by 8.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company's stock valued at $143,000 after buying an additional 150 shares in the last quarter. Eagle Rock Investment Company LLC grew its holdings in Dollar General by 0.5% during the 1st quarter. Eagle Rock Investment Company LLC now owns 28,983 shares of the company's stock valued at $2,548,000 after buying an additional 156 shares during the last quarter. CVA Family Office LLC grew its holdings in Dollar General by 39.4% during the 1st quarter. CVA Family Office LLC now owns 570 shares of the company's stock valued at $50,000 after buying an additional 161 shares during the last quarter. Finally, Federated Hermes Inc. increased its position in Dollar General by 9.8% during the fourth quarter. Federated Hermes Inc. now owns 2,159 shares of the company's stock worth $164,000 after buying an additional 192 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DG has been the topic of several recent research reports. Melius Research upgraded Dollar General from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Jefferies Financial Group restated a "buy" rating on shares of Dollar General in a report on Tuesday, June 3rd. JPMorgan Chase & Co. raised their price target on shares of Dollar General from $88.00 to $95.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Evercore ISI boosted their price objective on shares of Dollar General from $105.00 to $117.00 and gave the company an "in-line" rating in a research report on Thursday, June 5th. Finally, Telsey Advisory Group raised their target price on shares of Dollar General from $100.00 to $120.00 and gave the stock a "market perform" rating in a research report on Wednesday, June 4th. Fifteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Dollar General currently has an average rating of "Moderate Buy" and a consensus price target of $109.04.

Insider Activity

In related news, EVP Emily C. Taylor sold 1,969 shares of the business's 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 transaction, the executive vice president now owns 46,563 shares in the company, valued at $5,261,619. The trade was a 4.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kathleen A. Reardon sold 6,438 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $111.56, for a total value of $718,223.28. Following the completion of the sale, the executive vice president now directly owns 41,646 shares in the company, valued at $4,646,027.76. This represents a 13.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,216 shares of company stock valued at $1,017,349. Company insiders own 0.56% of the company's stock.

Dollar General Stock Up 2.0%

DG traded up $2.22 during trading on Monday, hitting $113.73. The company had a trading volume of 2,171,657 shares, compared to its average volume of 4,089,583. The company has a market cap of $25.03 billion, a PE ratio of 21.70, a P/E/G ratio of 2.91 and a beta of 0.26. 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 Corporation has a 1-year low of $66.43 and a 1-year high of $135.46. The business has a 50-day moving average of $99.44 and a 200-day moving average of $85.11.

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, beating analysts' consensus estimates of $1.46 by $0.32. The business had revenue of $10.44 billion during the quarter, compared to the consensus estimate of $10.25 billion. Dollar General had a return on equity of 17.93% and a net margin of 2.81%. The business's quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.65 EPS. As a group, analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Tuesday, July 8th. Dollar General's dividend payout ratio (DPR) is presently 45.04%.

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.