RFG Advisory LLC Purchases New Holdings in Dollar General Co. (NYSE:DG)

RFG Advisory LLC purchased a new stake in Dollar General Co. (NYSE:DG - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,427 shares of the company's stock, valued at approximately $213,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Dollar General in the fourth quarter valued at approximately $57,000. Oppenheimer & Co. Inc. grew its holdings in Dollar General by 81.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 5,648 shares of the company's stock worth $428,000 after acquiring an additional 2,534 shares during the period. Private Advisor Group LLC grew its holdings in Dollar General by 9.5% during the 4th quarter. Private Advisor Group LLC now owns 6,066 shares of the company's stock worth $460,000 after acquiring an additional 524 shares during the period. Ameriprise Financial Inc. grew its holdings in Dollar General by 18.1% during the 4th quarter. Ameriprise Financial Inc. now owns 107,306 shares of the company's stock worth $8,137,000 after acquiring an additional 16,453 shares during the period. Finally, Bristlecone Advisors LLC grew its holdings in Dollar General by 206.3% during the 4th quarter. Bristlecone Advisors LLC now owns 19,365 shares of the company's stock worth $1,468,000 after acquiring an additional 13,042 shares during the period. Institutional investors and hedge funds own 91.77% of the company's stock.

Analysts Set New Price Targets

DG has been the subject of a number of analyst reports. UBS Group lifted their target price on shares of Dollar General from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. lifted their target price on shares of Dollar General from $88.00 to $95.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. The Goldman Sachs Group lifted their target price on shares of Dollar General from $96.00 to $115.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Cfra Research raised shares of Dollar General to a "hold" rating in a report on Tuesday, June 3rd. Finally, Wells Fargo & Company lifted their price target on shares of Dollar General from $80.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 4th. Fifteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $109.04.

Dollar General Stock Performance

Shares of DG opened at $113.47 on Monday. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $135.46. The firm has a fifty day simple moving average of $94.88 and a 200 day simple moving average of $82.66. The stock has a market capitalization of $24.97 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 2.18 and a beta of 0.26. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78.

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, topping the consensus estimate of $1.46 by $0.32. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business had revenue of $10.44 billion during the quarter, compared to analysts' expectations of $10.25 billion. During the same quarter in the prior year, the company posted $1.65 earnings per share. The firm's revenue was up 5.3% on a year-over-year basis. Research analysts forecast that Dollar General Co. 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. Investors of record on Tuesday, July 8th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Tuesday, July 8th. Dollar General's payout ratio is 45.04%.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the stock in a transaction on Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the sale, the executive vice president now owns 48,532 shares in the company, valued at $4,596,951.04. This trade represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.56% of the company's stock.

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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