Packer & Co Ltd Invests $23.06 Million in Dollar General Corporation (NYSE:DG)

Packer & Co Ltd purchased a new position in shares of Dollar General Corporation (NYSE:DG - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 262,300 shares of the company's stock, valued at approximately $23,064,000. Dollar General comprises approximately 7.0% of Packer & Co Ltd's portfolio, making the stock its 6th biggest holding. Packer & Co Ltd owned approximately 0.12% of Dollar General as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Altshuler Shaham Ltd purchased a new position in shares of Dollar General during the 4th quarter worth $25,000. IMG Wealth Management Inc. purchased a new position in shares of Dollar General during the 4th quarter worth $25,000. Providence First Trust Co purchased a new position in shares of Dollar General during the 4th quarter worth $33,000. Ameriflex Group Inc. purchased a new position in shares of Dollar General during the 4th quarter worth $31,000. Finally, Venturi Wealth Management LLC lifted its stake in shares of Dollar General by 126.4% during the 4th quarter. Venturi Wealth Management LLC now owns 498 shares of the company's stock valued at $38,000 after buying an additional 278 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on DG shares. KeyCorp restated a "sector weight" rating on shares of Dollar General in a research note on Wednesday, June 4th. Piper Sandler lifted their target price on shares of Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a research note on Friday, March 14th. Truist Financial lifted their target price on shares of Dollar General from $93.00 to $112.00 and gave the company a "hold" rating in a research note on Wednesday, June 4th. UBS Group lifted their target price on shares of Dollar General from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, Bank of America lifted their target price on shares of Dollar General from $115.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Fifteen equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Dollar General has a consensus rating of "Moderate Buy" and an average target price of $109.04.

Insider Transactions at Dollar General

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

Dollar General Stock Performance

Dollar General stock opened at $111.47 on Friday. The company's 50-day moving average price is $99.44 and its 200-day moving average price is $85.04. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $135.46. 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 $24.53 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 2.93 and a beta of 0.26.

Dollar General (NYSE:DG - Get Free Report) last posted its earnings results 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 for the quarter, compared to the consensus estimate of $10.25 billion. During the same period in the previous year, the firm posted $1.65 EPS. The business's quarterly revenue was up 5.3% on a year-over-year basis. On average, equities research analysts forecast that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 2.12%. Dollar General's dividend payout ratio (DPR) is presently 45.04%.

Dollar General 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.

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