Advisor Resource Council Takes Position in Dollar General Co. (NYSE:DG)

Advisor Resource Council purchased a new position in Dollar General Co. (NYSE:DG) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,984 shares of the company’s stock, valued at approximately $310,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Dollar General in the fourth quarter worth $25,000. Studio Investment Management LLC bought a new stake in Dollar General in the 3rd quarter valued at $26,000. Burkett Financial Services LLC purchased a new stake in Dollar General in the 4th quarter worth $26,000. Fortis Group Advisors LLC lifted its stake in Dollar General by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock worth $27,000 after purchasing an additional 100 shares in the last quarter. Finally, MV Capital Management Inc. grew its position in shares of Dollar General by 78.0% during the fourth quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock valued at $30,000 after purchasing an additional 96 shares in the last quarter. 91.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. BMO Capital Markets dropped their price target on Dollar General from $150.00 to $140.00 and set a “market perform” rating for the company in a research note on Friday, May 31st. Loop Capital lifted their price objective on shares of Dollar General from $135.00 to $140.00 and gave the stock a “hold” rating in a research note on Friday, June 28th. Truist Financial reduced their target price on shares of Dollar General from $140.00 to $135.00 and set a “hold” rating on the stock in a report on Friday, May 31st. JPMorgan Chase & Co. lowered their price target on shares of Dollar General from $161.00 to $137.00 and set a “neutral” rating for the company in a report on Friday, May 31st. Finally, Wells Fargo & Company reduced their price objective on Dollar General from $155.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 4th. Twelve research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dollar General presently has an average rating of “Hold” and a consensus target price of $148.09.

Insider Buying and Selling

In other news, Director Ralph Santana sold 3,009 shares of the firm’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the transaction, the director now directly owns 3,248 shares in the company, valued at $505,778.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.49% of the stock is currently owned by company insiders.

Dollar General Price Performance

Shares of NYSE DG opened at $125.43 on Friday. Dollar General Co. has a fifty-two week low of $101.09 and a fifty-two week high of $173.47. The company has a market cap of $27.58 billion, a PE ratio of 18.26, a P/E/G ratio of 2.47 and a beta of 0.43. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.18 and a current ratio of 1.22. The business has a 50-day simple moving average of $134.90 and a two-hundred day simple moving average of $139.96.

Dollar General (NYSE:DG) last released its earnings results on Thursday, May 30th. The company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.08. Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The company had revenue of $9.91 billion during the quarter, compared to analysts’ expectations of $9.89 billion. During the same period last year, the business earned $2.34 EPS. Dollar General’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities analysts expect that Dollar General Co. will post 7.21 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Tuesday, July 9th. Dollar General’s payout ratio is 34.35%.

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.