Dollar General Corporation (NYSE:DG) Stock Position Lifted by LPL Financial LLC

LPL Financial LLC boosted its position in shares of Dollar General Corporation (NYSE:DG) by 6.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 177,276 shares of the company’s stock after buying an additional 11,359 shares during the quarter. LPL Financial LLC owned 0.08% of Dollar General worth $15,588,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Inspire Advisors LLC lifted its holdings in shares of Dollar General by 40.3% during the 1st quarter. Inspire Advisors LLC now owns 5,538 shares of the company’s stock valued at $487,000 after buying an additional 1,591 shares during the last quarter. Empirical Finance LLC raised its stake in shares of Dollar General by 4.3% in the 1st quarter. Empirical Finance LLC now owns 8,009 shares of the company’s stock valued at $704,000 after acquiring an additional 333 shares in the last quarter. HB Wealth Management LLC raised its stake in shares of Dollar General by 24.9% in the 1st quarter. HB Wealth Management LLC now owns 6,274 shares of the company’s stock valued at $552,000 after acquiring an additional 1,249 shares in the last quarter. Sather Financial Group Inc increased its position in Dollar General by 34.7% in the 1st quarter. Sather Financial Group Inc now owns 552,291 shares of the company’s stock worth $48,563,000 after buying an additional 142,372 shares during the period. Finally, Mediolanum International Funds Ltd increased its position in Dollar General by 4.8% in the 1st quarter. Mediolanum International Funds Ltd now owns 271,677 shares of the company’s stock worth $23,391,000 after buying an additional 12,406 shares during the period. Institutional investors own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DG. Loop Capital boosted their price objective on Dollar General from $110.00 to $120.00 and gave the company a “hold” rating in a research report on Thursday, July 10th. Morgan Stanley boosted their target price on Dollar General from $85.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 4th. The Goldman Sachs Group downgraded Dollar General from a “buy” rating to a “neutral” rating and upped their price objective for the company from $115.00 to $116.00 in a report on Tuesday, June 24th. Telsey Advisory Group reiterated a “market perform” rating and issued a $120.00 price objective on shares of Dollar General in a report on Thursday, July 17th. Finally, Evercore ISI increased their price target on Dollar General from $105.00 to $117.00 and gave the stock an “in-line” rating in a report on Thursday, June 5th. Sixteen research 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $108.40.

Insider Activity

In related news, EVP Kathleen A. Reardon sold 6,438 shares of the business’s 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 completion of the sale, the executive vice president directly owned 41,646 shares of the company’s stock, valued at $4,646,027.76. The trade was a 13.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Emily C. Taylor sold 1,969 shares of the business’s stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total value of $222,497.00. Following the sale, the executive vice president directly owned 46,563 shares of the company’s stock, valued at $5,261,619. This represents a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.

Dollar General Stock Performance

DG opened at $113.25 on Thursday. The stock has a market cap of $24.92 billion, a price-to-earnings ratio of 21.61, a PEG ratio of 2.71 and a beta of 0.31. 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 Corporation has a 12-month low of $66.43 and a 12-month high of $126.98. The business has a 50 day moving average of $110.85 and a 200-day moving average of $93.27.

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

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, July 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.1%. Dollar General’s dividend payout ratio (DPR) is 45.04%.

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.