Dollar General Co. (NYSE:DG) Shares Purchased by Stablepoint Partners LLC

Stablepoint Partners LLC boosted its holdings in shares of Dollar General Co. (NYSE:DG - Free Report) by 90.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,364 shares of the company's stock after purchasing an additional 8,244 shares during the period. Stablepoint Partners LLC's holdings in Dollar General were worth $1,527,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DG. Caprock Group LLC acquired a new stake in Dollar General in the fourth quarter valued at $382,000. E. Ohman J or Asset Management AB increased its holdings in Dollar General by 23.1% in the fourth quarter. E. Ohman J or Asset Management AB now owns 11,200 shares of the company's stock valued at $849,000 after purchasing an additional 2,100 shares during the period. Yousif Capital Management LLC increased its holdings in Dollar General by 2.0% in the fourth quarter. Yousif Capital Management LLC now owns 33,364 shares of the company's stock valued at $2,530,000 after purchasing an additional 664 shares during the period. Stratos Wealth Advisors LLC acquired a new stake in Dollar General in the fourth quarter valued at $868,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Dollar General by 3.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,907 shares of the company's stock valued at $3,100,000 after purchasing an additional 1,223 shares during the period. 91.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DG has been the topic of a number of research analyst reports. Cfra Research raised shares of Dollar General to a "hold" rating in a research report on Tuesday. JPMorgan Chase & Co. upped their price target on shares of Dollar General from $88.00 to $95.00 and gave the company a "neutral" rating in a research report on Wednesday. Loop Capital upped their price target on shares of Dollar General from $80.00 to $110.00 and gave the company a "hold" rating in a research report on Wednesday. Piper Sandler upped their price target on shares of Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a research report on Friday, March 14th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $80.00 price objective (down previously from $90.00) on shares of Dollar General in a research report on Monday, March 3rd. Fifteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $109.04.

Insider Activity

In related news, EVP Emily C. Taylor sold 809 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were 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 SEC, which is available through this link. Company insiders own 0.56% of the company's stock.

Dollar General Price Performance

DG stock traded down $0.37 during trading on Friday, hitting $113.47. 2,937,185 shares of the company's stock traded hands, compared to its average volume of 4,069,172. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $135.46. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The business has a fifty day simple moving average of $94.88 and a 200 day simple moving average of $82.54. The stock has a market capitalization of $24.96 billion, a price-to-earnings ratio of 18.69, a P/E/G ratio of 2.18 and a beta of 0.26.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly 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. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm had revenue of $10.44 billion during the quarter, compared to analysts' expectations of $10.25 billion. During the same period in the previous year, the company earned $1.65 EPS. The firm's revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, research analysts expect that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.08%. Dollar General's dividend payout ratio is currently 46.18%.

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.