TrueMark Investments LLC bought a new position in Dollar General Corporation (NYSE:DG - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 61,276 shares of the company's stock, valued at approximately $5,388,000. Dollar General comprises 1.4% of TrueMark Investments LLC's holdings, making the stock its 19th largest holding.
A number of other institutional investors and hedge funds also recently modified their holdings of DG. SBI Securities Co. Ltd. bought a new stake in Dollar General during the 4th quarter valued at $57,000. Oppenheimer & Co. Inc. raised its stake in shares of Dollar General by 81.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 5,648 shares of the company's stock valued at $428,000 after purchasing an additional 2,534 shares during the period. Private Advisor Group LLC lifted its holdings in Dollar General by 9.5% during the 4th quarter. Private Advisor Group LLC now owns 6,066 shares of the company's stock worth $460,000 after purchasing an additional 524 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in Dollar General during the 1st quarter worth about $280,000. Finally, Ameriprise Financial Inc. increased its position in shares of Dollar General by 18.1% during the fourth quarter. Ameriprise Financial Inc. now owns 107,306 shares of the company's stock valued at $8,137,000 after buying an additional 16,453 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.
Dollar General Price Performance
Shares of Dollar General stock traded up $3.48 during trading on Monday, reaching $114.99. 3,961,619 shares of the stock traded hands, compared to its average volume of 4,100,117. Dollar General Corporation 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 0.74, a current ratio of 1.23 and a quick ratio of 0.20. The business has a fifty day simple moving average of $99.44 and a two-hundred day simple moving average of $85.11. The company has a market capitalization of $25.31 billion, a price-to-earnings ratio of 21.94, a P/E/G ratio of 2.91 and a beta of 0.26.
Dollar General (NYSE:DG - Get Free Report) last posted 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 during 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%. Dollar General's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the firm posted $1.65 earnings per share. Sell-side analysts expect that Dollar General Corporation will post 5.75 EPS for the current year.
Dollar General Dividend Announcement
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 of this dividend is Tuesday, July 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.05%. Dollar General's dividend payout ratio (DPR) is presently 45.04%.
Insider Buying and Selling
In other news, EVP Emily C. Taylor sold 1,969 shares of Dollar General 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 completion of the sale, the executive vice president now owns 46,563 shares of the company's stock, valued at approximately $5,261,619. The trade was a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kathleen A. Reardon sold 6,438 shares of the firm's stock in a transaction 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 now owns 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. In the last ninety days, insiders sold 9,216 shares of company stock valued at $1,017,349. Company insiders own 0.56% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have commented on DG shares. Loop Capital raised their price target on shares of Dollar General from $80.00 to $110.00 and gave the company a "hold" rating in a report on Wednesday, June 4th. UBS Group lifted their price target on Dollar General from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Truist Financial upped their price objective on shares of Dollar General from $93.00 to $112.00 and gave the stock a "hold" rating in a research report on Wednesday, June 4th. Melius Research upgraded shares of Dollar General from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Finally, Evercore ISI increased their price target on shares of Dollar General from $105.00 to $117.00 and gave the stock an "in-line" rating in a report on Thursday, June 5th. Fifteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Dollar General currently has an average rating of "Moderate Buy" and an average target price of $109.04.
Get Our Latest Stock Report on DG
Dollar General Profile
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Free Report)
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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