Park Avenue Securities LLC Acquires New Position in Dollar General Corporation (NYSE:DG)

Park Avenue Securities LLC purchased a new position in shares of Dollar General Corporation (NYSE:DG - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,299 shares of the company's stock, valued at approximately $378,000.

A number of other large investors have also made changes to their positions in DG. IMG Wealth Management Inc. purchased a new stake in Dollar General during the fourth quarter worth $25,000. Altshuler Shaham Ltd purchased a new stake in shares of Dollar General in the 4th quarter worth about $25,000. Ameriflex Group Inc. acquired a new stake in Dollar General in the 4th quarter valued at about $31,000. Providence First Trust Co acquired a new stake in Dollar General in the 4th quarter valued at about $33,000. Finally, Bogart Wealth LLC increased its holdings in Dollar General by 279.8% during the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company's stock valued at $37,000 after acquiring an additional 361 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company's stock.

Dollar General Trading Down 0.9%

DG stock traded down $1.05 during midday trading on Thursday, reaching $112.27. 2,227,326 shares of the company's stock traded hands, compared to its average volume of 4,088,761. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $135.46. The business has a 50-day moving average price of $98.49 and a two-hundred day moving average price of $84.57. The company has a market capitalization of $24.71 billion, a P/E ratio of 21.43, a PEG ratio of 2.96 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 (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, beating the consensus estimate of $1.46 by $0.32. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. The business had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.25 billion. During the same quarter 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. Equities research analysts forecast that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be paid 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 2.10%. Dollar General's dividend payout ratio (DPR) is currently 45.04%.

Insider Activity at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of Dollar General stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $94.72, for a total transaction of $76,628.48. Following the sale, the executive vice president now directly owns 48,532 shares in the company, valued at $4,596,951.04. The trade was a 1.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kathleen A. Reardon sold 6,438 shares of the company's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $111.56, for a total transaction 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 ninety days, insiders have sold 9,216 shares of company stock worth $1,017,349. 0.56% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

DG has been the topic of several recent research reports. Morgan Stanley upped their price target on shares of Dollar General from $85.00 to $115.00 and gave the company an "equal weight" rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. lifted their price objective on Dollar General from $88.00 to $95.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Raymond James Financial increased their target price on Dollar General from $100.00 to $125.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Piper Sandler boosted their price target on Dollar General from $79.00 to $81.00 and gave the stock a "neutral" rating in a report on Friday, March 14th. Finally, Oppenheimer upgraded Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 price objective on the stock in a research report on Wednesday, June 4th. Fifteen equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Dollar General presently has an average rating of "Moderate Buy" and a consensus price target of $109.04.

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.