Rossby Financial LCC Invests $273,000 in Dollar General Corporation (NYSE:DG)

Rossby Financial LCC 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 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,914 shares of the company's stock, valued at approximately $273,000.

Several other institutional investors and hedge funds have also made changes to their positions in DG. First Eagle Investment Management LLC acquired a new position in shares of Dollar General during the 4th quarter worth about $399,433,000. Norges Bank acquired a new position in shares of Dollar General during the 4th quarter worth about $140,421,000. Two Sigma Investments LP boosted its position in shares of Dollar General by 323.1% during the 4th quarter. Two Sigma Investments LP now owns 2,354,135 shares of the company's stock worth $178,491,000 after acquiring an additional 1,797,776 shares in the last quarter. Pzena Investment Management LLC boosted its position in shares of Dollar General by 14.9% during the 4th quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company's stock worth $892,199,000 after acquiring an additional 1,528,450 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its position in shares of Dollar General by 398.2% during the 4th quarter. Two Sigma Advisers LP now owns 1,756,799 shares of the company's stock worth $133,200,000 after acquiring an additional 1,404,200 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Dollar General

In other news, EVP Emily C. Taylor sold 1,969 shares of the business's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total value of $222,497.00. Following the completion of the transaction, the executive vice president directly owned 46,563 shares of the company's stock, valued at $5,261,619. The trade was a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Kathleen A. Reardon sold 6,438 shares of the business's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $111.56, for a total value of $718,223.28. Following the completion of the transaction, the executive vice president directly owned 41,646 shares of the company's stock, valued at approximately $4,646,027.76. This trade represents a 13.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.56% of the company's stock.

Wall Street Analysts Forecast Growth

DG has been the subject of a number of research analyst reports. Melius Research raised Dollar General from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Telsey Advisory Group upped their target price on Dollar General from $100.00 to $120.00 and gave the company a "market perform" rating in a research report on Wednesday, June 4th. Citigroup upped their target price on Dollar General from $101.00 to $112.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. The Goldman Sachs Group cut Dollar General from a "buy" rating to a "neutral" rating and upped their target price for the company from $115.00 to $116.00 in a research report on Tuesday, June 24th. Finally, Morgan Stanley upped their target price on Dollar General from $85.00 to $115.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 4th. Sixteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $109.08.

Dollar General Price Performance

Shares of Dollar General stock traded down $1.16 during trading on Friday, reaching $114.31. The company's stock had a trading volume of 2,041,983 shares, compared to its average volume of 4,095,665. The business has a 50 day moving average price of $103.68 and a 200-day moving average price of $87.46. The company has a market capitalization of $25.16 billion, a P/E ratio of 21.81, a price-to-earnings-growth ratio of 2.80 and a beta of 0.31. Dollar General Corporation has a 12-month low of $66.43 and a 12-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.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate 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 17.93% and a net margin of 2.81%. Dollar General's revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.65 earnings per share. As a group, sell-side analysts anticipate that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The company 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. The ex-dividend date is Tuesday, July 8th. This represents a $2.36 annualized dividend and a yield of 2.06%. Dollar General's dividend payout ratio 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.