TD Private Client Wealth LLC Acquires 3,131 Shares of Dollar General Corporation (NYSE:DG)

TD Private Client Wealth LLC boosted its holdings in shares of Dollar General Corporation (NYSE:DG - Free Report) by 36.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,752 shares of the company's stock after purchasing an additional 3,131 shares during the quarter. TD Private Client Wealth LLC's holdings in Dollar General were worth $1,033,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in DG. Envestnet Asset Management Inc. lifted its position in shares of Dollar General by 18.8% during the first quarter. Envestnet Asset Management Inc. now owns 898,052 shares of the company's stock worth $78,966,000 after purchasing an additional 142,337 shares during the last quarter. CoreFirst Bank & Trust lifted its holdings in Dollar General by 74.3% during the 1st quarter. CoreFirst Bank & Trust now owns 3,190 shares of the company's stock worth $280,000 after buying an additional 1,360 shares during the last quarter. Concurrent Investment Advisors LLC grew its position in shares of Dollar General by 46.7% in the 1st quarter. Concurrent Investment Advisors LLC now owns 9,377 shares of the company's stock worth $825,000 after acquiring an additional 2,987 shares in the last quarter. Capital Investment Advisory Services LLC bought a new stake in shares of Dollar General in the 1st quarter valued at approximately $931,000. Finally, Huntleigh Advisors Inc. acquired a new stake in shares of Dollar General during the 1st quarter valued at approximately $267,000. 91.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DG has been the subject of several recent research reports. Loop Capital boosted their target price on shares of Dollar General from $110.00 to $120.00 and gave the company a "hold" rating in a research note on Thursday. Evercore ISI increased their price objective on shares of Dollar General from $105.00 to $117.00 and gave the stock an "in-line" rating in a research note on Thursday, June 5th. JPMorgan Chase & Co. upped their target price on Dollar General from $88.00 to $95.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Guggenheim boosted 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. Finally, Cfra Research raised Dollar General to a "hold" rating in a research report on Tuesday, June 3rd. Sixteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $109.46.

Dollar General Stock Down 0.1%

Shares of NYSE DG traded down $0.11 during midday trading on Thursday, hitting $112.24. 2,519,946 shares of the stock traded hands, compared to its average volume of 4,108,943. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.20 and a current ratio of 1.23. Dollar General Corporation has a one year low of $66.43 and a one year high of $135.46. The business has a 50 day moving average price of $104.91 and a two-hundred day moving average price of $88.25. The company has a market cap of $24.70 billion, a PE ratio of 21.42, a P/E/G ratio of 2.76 and a beta of 0.31.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings data 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. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. The firm had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.25 billion. During the same period last year, the firm earned $1.65 earnings per share. The business's quarterly revenue was up 5.3% compared to the same quarter last year. On average, equities analysts predict that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The company also recently announced 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 is Tuesday, July 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.10%. Dollar General's dividend payout ratio is currently 45.04%.

Insider Transactions at Dollar General

In related 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 transaction, the executive vice president owned 41,646 shares in the company, valued at approximately $4,646,027.76. This represents a 13.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Emily C. Taylor sold 1,969 shares of the company's stock in a transaction dated 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 trade represents a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is owned by company insiders.

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.