Townsquare Capital LLC Has $1.68 Million Position in Dollar General Corporation (NYSE:DG)

Key Points

• Townsquare Capital LLC increased its stake in Dollar General Corporation by 47.1% during the first quarter, now holding shares worth $1.68 million. The firm owns a total of 19,147 shares after purchasing additional stock.
• Dollar General's most recent earnings report showed an EPS of $1.78, exceeding the expected $1.46, with revenues reaching $10.44 billion, which is a 5.3% year-over-year increase.
• Dollar General recently declared a quarterly dividend of $0.59, representing an annual yield of 2.0%, with a dividend payout ratio of 45.04%.

Townsquare Capital LLC boosted its holdings in Dollar General Corporation (NYSE:DG - Free Report) by 47.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,147 shares of the company's stock after purchasing an additional 6,134 shares during the quarter. Townsquare Capital LLC's holdings in Dollar General were worth $1,684,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Studio Investment Management LLC boosted its holdings in Dollar General by 16.4% during the 4th 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 boosted its holdings in shares of Dollar General by 0.5% in the 1st quarter. Eagle Rock Investment Company LLC now owns 28,983 shares of the company's stock worth $2,548,000 after buying an additional 156 shares during the last quarter. CVA Family Office LLC boosted its holdings in shares of Dollar General by 39.4% in the 1st quarter. CVA Family Office LLC now owns 570 shares of the company's stock worth $50,000 after buying an additional 161 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Dollar General by 12.1% in the 1st quarter. Allworth Financial LP now owns 1,519 shares of the company's stock worth $142,000 after buying an additional 164 shares during the last quarter. Finally, Bogart Wealth LLC boosted its holdings in shares of Dollar General by 37.6% in the 1st quarter. Bogart Wealth LLC now owns 674 shares of the company's stock worth $59,000 after buying an additional 184 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Sanford C. Bernstein set a $120.00 price target on shares of Dollar General in a report on Friday, May 23rd. KeyCorp reissued a "sector weight" rating on shares of Dollar General in a report on Wednesday, June 4th. Citigroup boosted their price target on shares of Dollar General from $101.00 to $112.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Evercore ISI boosted their price target on shares of Dollar General from $118.00 to $120.00 and gave the stock an "in-line" rating in a report on Tuesday. Finally, Cfra Research upgraded Dollar General to a "hold" rating in a research note on Tuesday, June 3rd. Sixteen 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $108.52.

Insider Activity at Dollar General

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 completion of the sale, the executive vice president owned 41,646 shares of the company's stock, valued at $4,646,027.76. This represents a 13.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Emily C. Taylor sold 1,969 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president directly owned 46,563 shares of the company's stock, valued at approximately $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 owned by corporate insiders.

Dollar General Stock Up 0.6%

Shares of NYSE DG opened at $115.26 on Wednesday. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $126.98. The company has a current ratio of 1.23, a quick ratio of 0.20 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $25.37 billion, a price-to-earnings ratio of 22.00, a PEG ratio of 2.80 and a beta of 0.31. The business has a 50-day moving average of $112.00 and a 200-day moving average of $94.67.

Dollar General (NYSE:DG - Get Free Report) last issued its earnings results 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 business had revenue of $10.44 billion during the quarter, compared to analyst estimates 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 for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.65 earnings per share. Sell-side analysts expect 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 was paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, July 8th. This represents a $2.36 annualized dividend and a yield of 2.0%. Dollar General's dividend payout ratio is currently 45.04%.

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.

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