Rhumbline Advisers Raises Holdings in Dollar General Co. (NYSE:DG)

Rhumbline Advisers boosted its position in Dollar General Co. (NYSE:DG - Free Report) by 12.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 445,820 shares of the company's stock after purchasing an additional 48,514 shares during the period. Rhumbline Advisers owned about 0.20% of Dollar General worth $39,201,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. IMG Wealth Management Inc. purchased a new position in shares of Dollar General during the 4th quarter valued at about $25,000. Altshuler Shaham Ltd purchased a new position in shares of Dollar General during the 4th quarter valued at about $25,000. Ameriflex Group Inc. purchased a new position in shares of Dollar General during the 4th quarter valued at about $31,000. Providence First Trust Co purchased a new position in shares of Dollar General during the 4th quarter valued at about $33,000. Finally, Bogart Wealth LLC lifted its position in shares of 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 buying an additional 361 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dollar General

In related 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 transaction of $76,628.48. Following the completion of the transaction, the executive vice president now 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

DG has been the topic of a number of analyst reports. Piper Sandler lifted their price objective on Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a research report on Friday, March 14th. Guggenheim lifted their price objective on Dollar General from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Gordon Haskett raised Dollar General from a "reduce" rating to an "accumulate" rating in a research report on Tuesday, June 3rd. 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. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Dollar General in a research note on Tuesday, June 3rd. Fifteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $109.04.

Dollar General Trading Down 0.3%

Shares of Dollar General stock traded down $0.37 on Friday, reaching $113.47. The company had a trading volume of 2,937,185 shares, compared to its average volume of 4,076,633. The firm has a market cap of $24.97 billion, a price-to-earnings ratio of 18.69, 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. The firm's 50-day moving average price is $94.88 and its two-hundred day moving average price is $82.66. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $135.46.

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 analysts' consensus estimates of $1.46 by $0.32. The firm had revenue of $10.44 billion during 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%. The company's quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.65 EPS. As a group, research analysts predict that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Tuesday, July 8th. Dollar General's payout ratio is currently 45.04%.

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.