QV Investors Inc. Purchases New Stake in Dollar General Co. (NYSE:DG)

QV Investors Inc. purchased a new stake in shares of Dollar General Co. (NYSE:DG - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 142,760 shares of the company's stock, valued at approximately $12,553,000. QV Investors Inc. owned 0.06% of Dollar General as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of DG. Exchange Traded Concepts LLC grew its holdings in shares of Dollar General by 18.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 2,830 shares of the company's stock worth $215,000 after acquiring an additional 447 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Dollar General by 63.6% in the 4th quarter. Blue Trust Inc. now owns 2,576 shares of the company's stock worth $195,000 after acquiring an additional 1,001 shares during the last quarter. Perigon Wealth Management LLC acquired a new position in shares of Dollar General in the 4th quarter worth $502,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of Dollar General by 24.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 26,465 shares of the company's stock worth $2,007,000 after acquiring an additional 5,170 shares during the last quarter. Finally, Caprock Group LLC acquired a new position in shares of Dollar General in the 4th quarter worth $382,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Stock Performance

Shares of DG traded up $2.61 on Thursday, reaching $114.38. 1,948,534 shares of the stock traded hands, compared to its average volume of 4,055,113. The firm has a market cap of $25.16 billion, a price-to-earnings ratio of 18.84, a P/E/G ratio of 2.18 and a beta of 0.26. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $135.57. The stock's 50-day moving average price is $93.85 and its 200-day moving average price is $82.03.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.46 by $0.32. The business had revenue of $10.44 billion for the quarter, compared to analysts' expectations of $10.25 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. Dollar General's quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.65 earnings per share. Equities analysts forecast that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders 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 yield of 2.06%. The ex-dividend date is Tuesday, July 8th. Dollar General's dividend payout ratio (DPR) is 46.18%.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the business's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $94.72, for a total value of $76,628.48. Following the transaction, the executive vice president now owns 48,532 shares of the company's stock, valued at approximately $4,596,951.04. The trade was a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.56% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Bank of America lifted their target price on Dollar General from $115.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday. Melius raised Dollar General from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a research note on Tuesday, April 8th. Loop Capital lifted their target price on Dollar General from $80.00 to $110.00 and gave the company a "hold" rating in a research note on Wednesday. Evercore ISI lifted their target price on Dollar General from $105.00 to $117.00 and gave the company an "in-line" rating in a research note on Thursday. Finally, Oppenheimer raised Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 target price on the stock in a research note on Wednesday. Fifteen 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. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $109.04.

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.