Capital Investment Advisors LLC grew its stake in Dollar General Co. (NYSE: DG – Get Rating) by 4.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,190 shares of the company stock after acquiring an additional 49 shares during the period. Capital Investment Advisors LLC’s holdings in Dollar General were worth $ 265,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in DG. National Asset Management Inc. bought a new position in shares of Dollar General in the 3rd quarter valued at about $ 305,000. EP Wealth Advisors LLC bought a new position in Dollar General during the third quarter worth about $ 203,000. Cetera Advisor Networks LLC grew its holdings in Dollar General by 57.7% during the third quarter. Cetera Advisor Networks LLC now owns 6,417 shares of the company stock worth $ 1,361,000 after purchasing an additional 2,348 shares during the period. Willis Investment Counsel grew its holdings in Dollar General by 22.1% during the third quarter. Willis Investment Counsel now owns 100,044 shares of the company stock worth $ 21,223,000 after purchasing an additional 18,119 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC grew its holdings in Dollar General by 13.0% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 530 shares of the company stock worth $ 112,000 after purchasing an additional 61 shares during the period. Institutional investors own 94.86% of the company stock.
A number of equities analysts recently commented on DG shares. Loop Capital reiterated a “buy” rating on shares of Dollar General in a report on Friday, May 20th. Oppenheimer lifted their price target on Dollar General to $ 240.00 in a report on Thursday, May 26th. Gordon Haskett cut Dollar General from a “buy” rating to a “hold” rating and set a $ 210.00 price target for the company. in a report on Friday, May 20th. StockNews.com downgraded shares of Dollar General from a “buy” rating to a “hold” rating in a research report on Friday, May 27th. Finally, Telsey Advisory Group cut their price objective on shares of Dollar General from $ 265.00 to $ 230.00 and set an “outperform” rating for the company in a research report on Tuesday, May 24th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Dollar General has a consensus rating of “Moderate Buy” and an average price target of $ 245.33.
In other Dollar General news, CAO Anita C. Elliott sold 7,502 shares of the business’s stock in a transaction that occurred on Wednesday, April 6th. The shares were sold at an average price of $ 235.70, for a total transaction of $ 1,768,221.40. Following the completion of the transaction, the chief accounting officer now directly owns 16,279 shares in the company, valued at $ 3,836,960.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Patricia Filikrushel sold 5,289 shares of the business’s stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $ 221.59, for a total transaction of $ 1,171,989.51. Following the transaction, the director now owns 22,793 shares of the company stock, valued at $ 5,050,700.87. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,790 shares of company stock valued at $ 3,622,273. Company insiders own 0.73% of the company stock.
NYSE DG opened at $ 247.90 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.09 and a debt-to-equity ratio of 0.66. Dollar General Co. has a 1-year low of $ 183.25 and a 1-year high of $ 262.20. The company has a 50 day moving average of $ 231.24 and a 200-day moving average of $ 222.73. The company has a market cap of $ 56.27 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 1.78 and a beta of 0.52.
Dollar General (NYSE: DG – Get Rating) last released its quarterly earnings results on Thursday, May 26th. The company reported $ 2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $ 2.31 by $ 0.10. Dollar General had a net margin of 6.58% and a return on equity of 37.05%. The company had revenue of $ 8.75 billion during the quarter, compared to the consensus estimate of $ 8.71 billion. During the same period in the previous year, the business earned $ 2.82 earnings per share. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. On average, equities research analysts forecast that Dollar General Co. will post 11.48 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 19th. Shareholders of record on Tuesday, July 5th will be given a dividend of $ 0.55 per share. The ex-dividend date is Friday, July 1st. This represents a $ 2.20 annualized dividend and a yield of 0.89%. Dollar General’s dividend payout ratio is currently 22.56%.
Dollar General Profile: (Get Rating)
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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