Brown Advisory Inc. Sells 154 Shares of Dollar General Corporation (NYSE:DG)

Brown Advisory Inc. lessened its stake in shares of Dollar General Corporation (NYSE:DG) by 3.9% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 3,776 shares of the company’s stock after selling 154 shares during the quarter. Brown Advisory Inc.’s holdings in Dollar General were worth $332,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Sowell Financial Services LLC bought a new stake in Dollar General during the 1st quarter worth approximately $280,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of Dollar General by 4.2% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 27,567 shares of the company’s stock valued at $2,424,000 after purchasing an additional 1,102 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Dollar General by 74.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,142 shares of the company’s stock valued at $921,000 after purchasing an additional 5,171 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Dollar General by 18.1% in the 4th quarter. Ameriprise Financial Inc. now owns 107,306 shares of the company’s stock valued at $8,137,000 after purchasing an additional 16,453 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Dollar General by 48.9% in the 1st quarter. Farther Finance Advisors LLC now owns 3,292 shares of the company’s stock valued at $288,000 after purchasing an additional 1,081 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Down 1.0%

Shares of DG opened at $113.22 on Wednesday. The company has a market cap of $24.92 billion, a PE ratio of 21.61, a P/E/G ratio of 2.81 and a beta of 0.31. The business has a fifty day moving average of $106.64 and a 200 day moving average of $89.40. Dollar General Corporation has a 52-week low of $66.43 and a 52-week high of $128.62. The company has a quick ratio of 0.20, a current ratio of 1.23 and a debt-to-equity ratio of 0.74.

Dollar General (NYSE:DG) last released its earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.32. Dollar General had a return on equity of 17.93% and a net margin of 2.81%. The business had revenue of $10.44 billion during the quarter, compared to the consensus estimate of $10.25 billion. During the same period last year, the company earned $1.65 earnings per share. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, sell-side analysts expect that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

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

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 1,969 shares of the firm’s stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total value of $222,497.00. Following the completion of the sale, the executive vice president owned 46,563 shares of the company’s stock, valued at approximately $5,261,619. This trade represents a 4.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kathleen A. Reardon sold 6,438 shares of Dollar General stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $111.56, for a total value of $718,223.28. Following the sale, the executive vice president directly owned 41,646 shares of the company’s stock, valued at $4,646,027.76. This trade represents a 13.39% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on DG shares. Oppenheimer upgraded shares of Dollar General from a “market perform” rating to an “outperform” rating and set a $130.00 target price on the stock in a research report on Wednesday, June 4th. 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 research note on Thursday, June 5th. Melius upgraded shares of Dollar General from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research report on Tuesday, April 8th. Telsey Advisory Group increased their price target on shares of Dollar General from $100.00 to $120.00 and gave the company a “market perform” rating in a research report on Wednesday, June 4th. Finally, Cfra Research upgraded shares of Dollar General to a “hold” rating in a research report on Tuesday, June 3rd. Sixteen investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $107.04.

Dollar General Company 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.