Sigma Planning Corp Invests $286,000 in Dollar General Corporation (NYSE:DG)

Sigma Planning Corp purchased a new stake in shares of Dollar General Corporation (NYSE:DG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,249 shares of the company's stock, valued at approximately $286,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Studio Investment Management LLC raised its position in shares of Dollar General by 16.4% during the fourth quarter. Studio Investment Management LLC now owns 989 shares of the company's stock worth $75,000 after acquiring an additional 139 shares during the last quarter. Eagle Rock Investment Company LLC raised its position in shares of Dollar General by 0.5% during the first quarter. Eagle Rock Investment Company LLC now owns 28,983 shares of the company's stock worth $2,548,000 after acquiring an additional 156 shares during the last quarter. CVA Family Office LLC raised its position in shares of Dollar General by 39.4% during the first quarter. CVA Family Office LLC now owns 570 shares of the company's stock worth $50,000 after acquiring an additional 161 shares during the last quarter. Allworth Financial LP raised its position in shares of Dollar General by 12.1% during the first quarter. Allworth Financial LP now owns 1,519 shares of the company's stock worth $142,000 after acquiring an additional 164 shares during the last quarter. Finally, Federated Hermes Inc. raised its position in shares of Dollar General by 9.8% during the fourth quarter. Federated Hermes Inc. now owns 2,159 shares of the company's stock worth $164,000 after acquiring an additional 192 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

Dollar General Stock Up 0.7%

DG stock opened at $110.03 on Monday. The business has a 50-day moving average of $107.75 and a 200-day moving average of $90.23. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $126.98. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.23 and a quick ratio of 0.20. The stock has a market capitalization of $24.21 billion, a P/E ratio of 21.00, a P/E/G ratio of 2.70 and a beta of 0.31.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.46 by $0.32. Dollar General had a return on equity of 17.93% and a net margin of 2.81%. The company had revenue of $10.44 billion for the quarter, compared to analysts' expectations of $10.25 billion. During the same quarter in the prior year, the business posted $1.65 EPS. The business's revenue was up 5.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company 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. The ex-dividend date is Tuesday, July 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.14%. Dollar General's payout ratio is 45.04%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on DG shares. Evercore ISI upped their price objective on Dollar General from $105.00 to $117.00 and gave the company an "in-line" rating in a report on Thursday, June 5th. Barclays upped their price objective on Dollar General from $100.00 to $119.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. KeyCorp reiterated a "sector weight" rating on shares of Dollar General in a report on Wednesday, June 4th. Wells Fargo & Company upped their price objective on Dollar General from $80.00 to $105.00 and gave the company an "equal weight" rating in a report on Wednesday, June 4th. Finally, Sanford C. Bernstein set a $120.00 price objective on Dollar General in a report on Friday, May 23rd. Sixteen research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $107.04.

Insiders Place Their Bets

In other Dollar General news, EVP Kathleen A. Reardon sold 6,438 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president owned 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Emily C. Taylor sold 1,969 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $113.00, for a total value of $222,497.00. Following the completion of the sale, the executive vice president owned 46,563 shares in the company, valued at $5,261,619. This represents a 4.06% decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.

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.

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