PDS Planning Inc Invests $202,000 in Dollar General Co. (NYSE:DG)

PDS Planning Inc acquired a new stake in Dollar General Co. (NYSE:DGFree Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,294 shares of the company’s stock, valued at approximately $202,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Pullen Investment Management LLC purchased a new position in Dollar General during the first quarter valued at approximately $315,000. Kinsale Capital Group Inc. boosted its position in Dollar General by 35.6% in the first quarter. Kinsale Capital Group Inc. now owns 21,128 shares of the company’s stock valued at $3,297,000 after buying an additional 5,548 shares during the last quarter. Resonant Capital Advisors LLC lifted its position in Dollar General by 0.9% during the first quarter. Resonant Capital Advisors LLC now owns 16,175 shares of the company’s stock valued at $2,524,000 after purchasing an additional 148 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Dollar General by 16.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,966 shares of the company’s stock valued at $8,890,000 after buying an additional 8,235 shares during the period. Finally, DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in shares of Dollar General in the first quarter worth about $219,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dollar General

In other Dollar General news, Director Ralph Santana sold 3,009 shares of the stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total value of $468,561.48. Following the sale, the director now directly owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.49% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on DG. Raymond James upped their price objective on Dollar General from $150.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. JPMorgan Chase & Co. decreased their price target on shares of Dollar General from $161.00 to $137.00 and set a “neutral” rating on the stock in a research note on Friday, May 31st. Evercore ISI lowered their price target on Dollar General from $151.00 to $148.00 and set an “in-line” rating on the stock in a research note on Tuesday, July 2nd. Piper Sandler reduced their price objective on Dollar General from $147.00 to $141.00 and set a “neutral” rating for the company in a research note on Friday, May 31st. Finally, Wells Fargo & Company dropped their target price on shares of Dollar General from $155.00 to $145.00 and set an “equal weight” rating for the company in a report on Tuesday, June 4th. Twelve analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Dollar General currently has an average rating of “Hold” and an average target price of $148.09.

Check Out Our Latest Research Report on Dollar General

Dollar General Stock Performance

Shares of Dollar General stock opened at $128.20 on Monday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.22 and a quick ratio of 0.18. The stock has a market capitalization of $28.19 billion, a price-to-earnings ratio of 18.66, a price-to-earnings-growth ratio of 2.52 and a beta of 0.43. The business has a 50-day moving average of $134.28 and a 200 day moving average of $140.02. Dollar General Co. has a 12 month low of $101.09 and a 12 month high of $173.47.

Dollar General (NYSE:DGGet Free Report) last announced its earnings results on Thursday, May 30th. The company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.08. Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The firm had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.89 billion. During the same period in the prior year, the firm earned $2.34 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, sell-side analysts forecast that Dollar General Co. will post 7.21 earnings per share for the current 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 paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, July 9th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.84%. Dollar General’s payout ratio is 34.35%.

About Dollar General

(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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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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