2,701 Shares in Dollar General Corporation (NYSE:DG) Acquired by TT Capital Management LLC

TT Capital Management LLC acquired a new stake in Dollar General Corporation (NYSE:DG - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,701 shares of the company's stock, valued at approximately $238,000.

Other institutional investors have also bought and sold shares of the company. IMG Wealth Management Inc. acquired a new stake in shares of Dollar General in the fourth quarter valued at approximately $25,000. Altshuler Shaham Ltd purchased a new stake in Dollar General in the 4th quarter valued at $25,000. Ameriflex Group Inc. acquired a new stake in shares of Dollar General in the 4th quarter worth $31,000. Providence First Trust Co purchased a new position in shares of Dollar General during the 4th quarter worth $33,000. Finally, OFI Invest Asset Management acquired a new position in shares of Dollar General during the 4th quarter valued at about $37,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Stock Up 2.0%

DG traded up $2.22 during trading hours on Monday, hitting $113.73. 2,171,657 shares of the company's stock were exchanged, compared to its average volume of 4,089,583. The firm has a market cap of $25.03 billion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 2.91 and a beta of 0.26. Dollar General Corporation has a 12-month low of $66.43 and a 12-month high of $135.46. 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 50 day moving average of $99.44 and a 200 day moving average of $85.11.

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 analysts' consensus estimates of $1.46 by $0.32. The business had revenue of $10.44 billion for 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%. The company's revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.65 earnings per share. Analysts predict that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Tuesday, July 8th. Dollar General's dividend payout ratio is currently 45.04%.

Insider Activity

In other news, EVP Emily C. Taylor sold 1,969 shares of the company's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total transaction of $222,497.00. Following the completion of the transaction, the executive vice president now directly owns 46,563 shares of the company's stock, valued at approximately $5,261,619. This represents a 4.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kathleen A. Reardon sold 6,438 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $111.56, for a total value of $718,223.28. Following the completion of the transaction, the executive vice president now directly owns 41,646 shares of the company's stock, valued at $4,646,027.76. This trade represents a 13.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,216 shares of company stock worth $1,017,349. 0.56% of the stock is currently owned by company insiders.

Analyst Ratings Changes

DG has been the subject of several recent analyst reports. Bank of America raised their price objective on shares of Dollar General from $115.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. UBS Group raised their price target on shares of Dollar General from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Piper Sandler upped their price objective on Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a report on Friday, March 14th. Jefferies Financial Group reiterated a "buy" rating on shares of Dollar General in a research report on Tuesday, June 3rd. Finally, Raymond James Financial lifted their target price on Dollar General from $100.00 to $125.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Fifteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $109.04.

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.