South Dakota Investment Council Purchases 39,944 Shares of Dollar General Corporation (NYSE:DG)

South Dakota Investment Council boosted its holdings in Dollar General Corporation (NYSE:DG - Free Report) by 14.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 316,598 shares of the company's stock after purchasing an additional 39,944 shares during the quarter. Dollar General comprises 0.6% of South Dakota Investment Council's holdings, making the stock its 25th largest holding. South Dakota Investment Council owned 0.14% of Dollar General worth $27,838,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Altshuler Shaham Ltd purchased a new position in Dollar General in the fourth quarter worth $25,000. Ameriflex Group Inc. purchased a new stake in Dollar General during the 4th quarter valued at about $31,000. Mountain Hill Investment Partners Corp. lifted its holdings in Dollar General by 66.7% in the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock worth $44,000 after buying an additional 200 shares during the period. Golden State Wealth Management LLC lifted its stake in shares of Dollar General by 170.1% in the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock valued at $48,000 after purchasing an additional 342 shares during the period. Finally, CVA Family Office LLC increased its position in Dollar General by 39.4% during the 1st quarter. CVA Family Office LLC now owns 570 shares of the company's stock valued at $50,000 after buying an additional 161 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Insider Activity

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

Dollar General Trading Up 0.7%

Shares of Dollar General stock traded up $0.80 on Friday, hitting $110.03. 2,744,096 shares of the company's stock traded hands, compared to its average volume of 4,133,061. Dollar General Corporation has a one year low of $66.43 and a one year high of $126.98. The stock has a market capitalization of $24.21 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 2.70 and a beta of 0.31. 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 firm's 50-day moving average price is $107.75 and its two-hundred day moving average price is $90.13.

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

Dollar General Announces Dividend

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 paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.14%. The ex-dividend date is Tuesday, July 8th. Dollar General's dividend payout ratio (DPR) is currently 45.04%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DG shares. UBS Group lifted their target price on Dollar General from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Melius Research raised Dollar General from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Citigroup boosted their price target on Dollar General from $101.00 to $112.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Telsey Advisory Group restated a "market perform" rating and set a $120.00 target price on shares of Dollar General in a research note on Thursday. Finally, Bank of America boosted their target price on Dollar General from $115.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Sixteen research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Dollar General has an average rating of "Hold" and a consensus price target of $107.04.

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.