Nisa Investment Advisors LLC Raises Stock Position in Dollar General Corporation (NYSE:DG)

Nisa Investment Advisors LLC lifted its holdings in Dollar General Corporation (NYSE:DG - Free Report) by 17.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,894 shares of the company's stock after purchasing an additional 3,897 shares during the period. Nisa Investment Advisors LLC's holdings in Dollar General were worth $2,277,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in DG. Norges Bank acquired a new stake in shares of Dollar General during the 4th quarter worth about $140,421,000. Two Sigma Investments LP raised its stake in shares of Dollar General by 323.1% during the fourth quarter. Two Sigma Investments LP now owns 2,354,135 shares of the company's stock valued at $178,491,000 after purchasing an additional 1,797,776 shares during the period. Two Sigma Advisers LP grew its holdings in Dollar General by 398.2% during the 4th quarter. Two Sigma Advisers LP now owns 1,756,799 shares of the company's stock worth $133,200,000 after acquiring an additional 1,404,200 shares in the last quarter. Worldquant Millennium Advisors LLC increased its stake in Dollar General by 215.6% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 1,229,105 shares of the company's stock valued at $93,191,000 after purchasing an additional 839,698 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Dollar General by 32.1% during the fourth quarter. Invesco Ltd. now owns 3,380,501 shares of the company's stock valued at $256,310,000 after purchasing an additional 821,608 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on DG shares. Truist Financial boosted their price target on Dollar General from $93.00 to $112.00 and gave the company a "hold" rating in a research note on Wednesday, June 4th. KeyCorp restated a "sector weight" rating on shares of Dollar General in a research note on Wednesday, June 4th. JPMorgan Chase & Co. upped their target price on Dollar General from $88.00 to $95.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Sanford C. Bernstein set a $120.00 target price on Dollar General in a research note on Friday, May 23rd. Finally, Morgan Stanley upped their target price on Dollar General from $85.00 to $115.00 and gave the company an "equal weight" 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 given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $107.04.

Dollar General Price Performance

DG traded down $1.19 on Wednesday, reaching $112.03. The stock had a trading volume of 1,249,869 shares, compared to its average volume of 3,939,483. The firm has a 50-day moving average of $106.64 and a 200-day moving average of $89.40. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $126.98. The company has a market capitalization of $24.65 billion, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 2.81 and a beta of 0.31. The company has a current ratio of 1.23, a quick ratio of 0.20 and a debt-to-equity ratio of 0.74.

Dollar General (NYSE:DG - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.46 by $0.32. The company had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.25 billion. Dollar General had a return on equity of 17.93% and a net margin of 2.81%. The firm's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.65 EPS. As a group, sell-side analysts anticipate that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Tuesday, July 8th. Dollar General's dividend payout ratio (DPR) is presently 45.04%.

Insider Buying and Selling at Dollar General

In other news, EVP Kathleen A. Reardon sold 6,438 shares of the business's stock in a transaction dated 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 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 legal filing with the SEC, which is accessible through this link. Also, EVP Emily C. Taylor sold 1,969 shares of the company'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 value of $222,497.00. Following the transaction, the executive vice president 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. 0.56% of the stock is currently owned by insiders.

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.