Wealth Enhancement Advisory Services LLC Grows Stock Holdings in Dollar General Corporation (NYSE:DG)

Wealth Enhancement Advisory Services LLC increased its stake in Dollar General Corporation (NYSE:DG - Free Report) by 84.1% during the first quarter, according to its most recent filing with the SEC. The fund owned 22,351 shares of the company's stock after buying an additional 10,209 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Dollar General were worth $1,965,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. IMG Wealth Management Inc. bought a new position in shares of Dollar General during the 4th quarter worth $25,000. Altshuler Shaham Ltd purchased a new stake in Dollar General during the fourth quarter valued at about $25,000. Ameriflex Group Inc. bought a new position in Dollar General during the fourth quarter worth about $31,000. Providence First Trust Co purchased a new position in shares of Dollar General in the fourth quarter worth about $33,000. Finally, OFI Invest Asset Management purchased a new position in shares of Dollar General in the fourth quarter worth about $37,000. Institutional investors own 91.77% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DG shares. Raymond James Financial lifted their price target on Dollar General from $100.00 to $125.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Truist Financial lifted their target price on Dollar General from $93.00 to $112.00 and gave the company a "hold" rating in a report on Wednesday, June 4th. Melius raised shares of Dollar General from a "hold" rating to a "buy" rating and set a $110.00 price target on the stock in a report on Tuesday, April 8th. Guggenheim raised their price objective on shares of Dollar General from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, Evercore ISI upped their target price 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. Sixteen equities research analysts have rated the stock with a hold rating, eleven 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 a consensus rating of "Hold" and an average target price of $109.08.

Dollar General Trading Down 0.1%

Shares of DG traded down $0.08 during trading hours on Monday, hitting $114.37. The company had a trading volume of 3,041,670 shares, compared to its average volume of 4,091,747. Dollar General Corporation has a 52-week low of $66.43 and a 52-week high of $135.46. 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 price is $101.72 and its 200 day moving average price is $86.27. The firm has a market cap of $25.17 billion, a P/E ratio of 21.83, a P/E/G ratio of 2.98 and a beta of 0.26.

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 return on equity of 17.93% and a net margin of 2.81%. The firm had revenue of $10.44 billion during the quarter, compared to analyst estimates of $10.25 billion. During the same quarter in the prior year, the firm posted $1.65 earnings per share. The business's quarterly revenue was up 5.3% compared to the same quarter last year. On average, research analysts predict that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be paid 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 2.06%. Dollar General's payout ratio is presently 45.04%.

Insider Activity

In other Dollar General news, EVP Emily C. Taylor sold 1,969 shares of the business's stock in a transaction 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 of the company's stock, valued at approximately $5,261,619. The trade was a 4.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kathleen A. Reardon sold 6,438 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $111.56, for a total transaction 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 trade represents a 13.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,216 shares of company stock worth $1,017,349 over the last three months. 0.56% of the stock is owned by 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.