Mutual Advisors LLC Acquires Shares of 5,693 Dollar General Corporation (NYSE:DG)

Mutual Advisors LLC purchased a new stake in Dollar General Corporation (NYSE:DG - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,693 shares of the company's stock, valued at approximately $533,000.

Other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in Dollar General during the 4th quarter worth about $57,000. Victory Capital Management Inc. raised its holdings in Dollar General by 6.3% during the 4th quarter. Victory Capital Management Inc. now owns 177,091 shares of the company's stock worth $13,427,000 after purchasing an additional 10,517 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Dollar General during the 4th quarter worth about $3,846,000. Raymond James Financial Inc. bought a new stake in Dollar General during the 4th quarter worth about $45,899,000. Finally, Candriam S.C.A. raised its holdings in Dollar General by 2.5% during the 4th quarter. Candriam S.C.A. now owns 13,397 shares of the company's stock worth $1,016,000 after purchasing an additional 330 shares during the last quarter. 91.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Gordon Haskett raised Dollar General from a "reduce" rating to an "accumulate" rating in a report on Tuesday, June 3rd. Melius Research upgraded Dollar General from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Cfra Research upgraded Dollar General to a "hold" rating in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. boosted their target price on Dollar General from $88.00 to $95.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Finally, Truist Financial boosted their target price on Dollar General from $93.00 to $112.00 and gave the stock a "hold" rating in a research report on Wednesday, June 4th. Sixteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Dollar General currently has an average rating of "Hold" and an average price target of $109.08.

Insiders Place Their Bets

In related news, EVP Emily C. Taylor sold 1,969 shares of the business's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $113.00, for a total transaction of $222,497.00. Following the transaction, the executive vice president directly owned 46,563 shares in the company, valued at approximately $5,261,619. The trade was a 4.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kathleen A. Reardon sold 6,438 shares of the business's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $111.56, for a total transaction 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. The trade was a 13.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.

Dollar General Stock Down 3.1%

Shares of DG stock traded down $3.62 during trading on Tuesday, reaching $112.68. The company's stock had a trading volume of 3,300,865 shares, compared to its average volume of 4,025,323. The business has a fifty day moving average price of $104.16 and a 200-day moving average price of $87.91. The company has a quick ratio of 0.20, a current ratio of 1.23 and a debt-to-equity ratio of 0.74. The company has a market cap of $24.80 billion, a price-to-earnings ratio of 21.50, a price-to-earnings-growth ratio of 2.80 and a beta of 0.31. Dollar General Corporation has a one year low of $66.43 and a one year high of $135.46.

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

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Tuesday, July 8th. Dollar General's dividend payout ratio is presently 45.04%.

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.