Wealth Enhancement Advisory Services LLC Buys 5,171 Shares of Dollar General Co. (NYSE:DG)

Wealth Enhancement Advisory Services LLC increased its stake in shares of Dollar General Co. (NYSE:DG) by 74.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,142 shares of the company’s stock after buying an additional 5,171 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Dollar General were worth $921,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Studio Investment Management LLC grew its position in Dollar General by 16.4% during the fourth quarter. Studio Investment Management LLC now owns 989 shares of the company’s stock worth $75,000 after buying an additional 139 shares in the last quarter. Deseret Mutual Benefit Administrators grew its position in Dollar General by 8.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company’s stock worth $143,000 after buying an additional 150 shares in the last quarter. Federated Hermes Inc. grew its position in Dollar General by 9.8% during the fourth quarter. Federated Hermes Inc. now owns 2,159 shares of the company’s stock worth $164,000 after buying an additional 192 shares in the last quarter. Colonial Trust Co SC grew its position in Dollar General by 13.9% during the fourth quarter. Colonial Trust Co SC now owns 1,633 shares of the company’s stock worth $124,000 after buying an additional 199 shares in the last quarter. Finally, Metis Global Partners LLC grew its position in Dollar General by 3.6% during the fourth quarter. Metis Global Partners LLC now owns 7,297 shares of the company’s stock worth $553,000 after buying an additional 255 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Dollar General Stock Down 0.1%

Shares of DG opened at $113.32 on Tuesday. The stock has a market capitalization of $24.94 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 2.18 and a beta of 0.26. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $135.46. The stock has a fifty day moving average of $95.34 and a 200-day moving average of $82.93.

Dollar General (NYSE:DG) last announced its earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.32. The business had revenue of $10.44 billion during the quarter, compared to analyst estimates of $10.25 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. Dollar General’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the company earned $1.65 EPS. As a group, sell-side analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

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

Insider Buying and Selling

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the sale, the executive vice president now directly owns 48,532 shares in the company, valued at approximately $4,596,951.04. This trade represents a 1.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.56% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DG. Jefferies Financial Group reissued a “buy” rating on shares of Dollar General in a research report on Tuesday, June 3rd. The Goldman Sachs Group upped their target price on Dollar General from $96.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $80.00 target price (down from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. Wells Fargo & Company upped their target price on Dollar General from $80.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 4th. Finally, Piper Sandler upped their target price on Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a research note on Friday, March 14th. Fifteen research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $109.04.

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.