Trek Financial LLC Invests $6.30 Million in Dollar General Corporation (NYSE:DG)

Trek Financial LLC bought a new position in Dollar General Corporation (NYSE:DG - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 71,669 shares of the company's stock, valued at approximately $6,302,000.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Dollar General by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 25,231,285 shares of the company's stock valued at $1,913,036,000 after buying an additional 160,853 shares during the period. Pzena Investment Management LLC grew its position in Dollar General by 14.9% during the fourth quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company's stock valued at $892,199,000 after buying an additional 1,528,450 shares during the period. Geode Capital Management LLC grew its position in Dollar General by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 5,361,216 shares of the company's stock valued at $405,425,000 after buying an additional 118,204 shares during the period. First Eagle Investment Management LLC bought a new position in Dollar General during the fourth quarter valued at about $399,433,000. Finally, Invesco Ltd. grew its position in Dollar General by 32.1% during the fourth quarter. Invesco Ltd. now owns 3,380,501 shares of the company's stock valued at $256,310,000 after buying an additional 821,608 shares during the period. Institutional investors own 91.77% of the company's stock.

Insider Activity at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 1,969 shares of the 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 transaction, the executive vice president directly owned 46,563 shares in the company, valued at $5,261,619. This trade represents a 4.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kathleen A. Reardon sold 6,438 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $111.56, for a total transaction of $718,223.28. Following the transaction, the executive vice president owned 41,646 shares in the company, valued at $4,646,027.76. The trade was a 13.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate insiders.

Dollar General Price Performance

Shares of DG stock traded down $3.09 during trading on Tuesday, hitting $112.62. The company had a trading volume of 433,642 shares, compared to its average volume of 4,092,041. The company has a quick ratio of 0.20, a current ratio of 1.23 and a debt-to-equity ratio of 0.74. The stock's 50-day moving average is $104.16 and its two-hundred day moving average is $87.91. The stock has a market capitalization of $24.79 billion, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 2.80 and a beta of 0.31. Dollar General Corporation has a 52 week low of $66.43 and a 52 week high of $135.46.

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

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Tuesday, July 8th. Dollar General's dividend payout ratio (DPR) is 45.04%.

Wall Street Analyst Weigh In

DG has been the subject of several research reports. Piper Sandler increased 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. Evercore ISI upped their price objective on shares of Dollar General from $105.00 to $117.00 and gave the company an "in-line" rating in a report on Thursday, June 5th. Gordon Haskett raised shares of Dollar General from a "reduce" rating to an "accumulate" rating in a report on Tuesday, June 3rd. Cfra Research raised shares of Dollar General to a "hold" rating in a report on Tuesday, June 3rd. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of Dollar General in a report on Tuesday, June 3rd. Sixteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Dollar General currently has an average rating of "Hold" and an average target price of $109.08.

About Dollar General

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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