Mirae Asset Global Investments Co. Ltd. Lowers Stock Position in Dollar General Corporation (NYSE:DG)

Mirae Asset Global Investments Co. Ltd. reduced its stake in shares of Dollar General Corporation (NYSE:DG - Free Report) by 30.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 28,608 shares of the company's stock after selling 12,299 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Dollar General were worth $2,463,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Studio Investment Management LLC raised its position in Dollar General by 16.4% in the 4th quarter. Studio Investment Management LLC now owns 989 shares of the company's stock valued at $75,000 after buying an additional 139 shares during the last quarter. Eagle Rock Investment Company LLC grew its stake in shares of Dollar General by 0.5% in the 1st quarter. Eagle Rock Investment Company LLC now owns 28,983 shares of the company's stock worth $2,548,000 after acquiring an additional 156 shares in the last quarter. CVA Family Office LLC raised its holdings in shares of Dollar General by 39.4% in the first quarter. CVA Family Office LLC now owns 570 shares of the company's stock valued at $50,000 after purchasing an additional 161 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of Dollar General by 9.8% during the fourth quarter. Federated Hermes Inc. now owns 2,159 shares of the company's stock valued at $164,000 after purchasing an additional 192 shares in the last quarter. Finally, Colonial Trust Co SC boosted its holdings in Dollar General by 13.9% during the fourth quarter. Colonial Trust Co SC now owns 1,633 shares of the company's stock worth $124,000 after purchasing an additional 199 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dollar General

In related news, EVP Kathleen A. Reardon sold 6,438 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $111.56, for a total value of $718,223.28. Following the completion of the transaction, the executive vice president directly owned 41,646 shares of the company's stock, valued at $4,646,027.76. This represents a 13.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Emily C. Taylor sold 1,969 shares of the firm's stock in a transaction dated 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 owned 46,563 shares of the company's stock, valued at $5,261,619. This trade represents a 4.06% 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. 0.56% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on DG. Citigroup increased their price objective on shares of Dollar General from $101.00 to $112.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Evercore ISI increased their price target on Dollar General from $105.00 to $117.00 and gave the company an "in-line" rating in a research report on Thursday, June 5th. Melius Research raised Dollar General from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Sanford C. Bernstein set a $120.00 target price on Dollar General in a research report on Friday, May 23rd. Finally, Barclays lifted their target price 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 analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $109.08.

Dollar General Price Performance

NYSE:DG traded down $1.16 during mid-day trading on Thursday, reaching $114.31. The stock had a trading volume of 2,041,983 shares, compared to its average volume of 4,084,536. Dollar General Corporation has a one year low of $66.43 and a one year high of $135.46. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.20 and a current ratio of 1.23. The firm has a 50 day moving average price of $102.86 and a two-hundred day moving average price of $86.93. The stock has a market capitalization of $25.16 billion, a P/E ratio of 21.81, a P/E/G ratio of 2.83 and a beta of 0.31.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, topping analysts' consensus estimates of $1.46 by $0.32. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. The firm had revenue of $10.44 billion during the quarter, compared to analyst estimates of $10.25 billion. During the same period in the previous year, the business posted $1.65 EPS. The business's quarterly revenue was up 5.3% on a year-over-year basis. As a group, analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.06%. Dollar General's dividend payout ratio is currently 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.