Community Bank N.A. raised its stake in Dollar General Corp. (NYSE:DG) by 4.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,405 shares of the company’s stock after acquiring an additional 110 shares during the quarter. Community Bank N.A.’s holdings in Dollar General were worth $458,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of DG. Capital Square LLC acquired a new stake in Dollar General during the 1st quarter worth approximately $26,000. Contravisory Investment Management Inc. bought a new position in Dollar General during the 2nd quarter worth $26,000. FinTrust Capital Advisors LLC lifted its holdings in shares of Dollar General by 84.7% during the first quarter. FinTrust Capital Advisors LLC now owns 218 shares of the company’s stock worth $33,000 after buying an additional 100 shares in the last quarter. Larson Financial Group LLC acquired a new position in shares of Dollar General in the second quarter valued at about $33,000. Finally, Allred Capital Management LLC increased its position in Dollar General by 82.3% during the first quarter. Allred Capital Management LLC now owns 226 shares of the company’s stock worth $34,000 after acquiring an additional 102 shares during the period. Hedge funds and other institutional investors own 92.66% of the company’s stock.
Shares of NYSE DG traded down $0.92 during midday trading on Friday, hitting $190.40. 1,333,188 shares of the company’s stock traded hands, compared to its average volume of 1,518,998. Dollar General Corp. has a 1 year low of $125.00 and a 1 year high of $195.82. The stock has a market capitalization of $47.93 billion, a price-to-earnings ratio of 24.63, a price-to-earnings-growth ratio of 1.72 and a beta of 0.53. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.60 and a current ratio of 1.44. The firm has a fifty day moving average of $189.51 and a 200 day moving average of $171.46.
Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, May 28th. The company reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.86. Dollar General had a net margin of 6.69% and a return on equity of 29.33%. The company had revenue of $8.45 billion for the quarter, compared to the consensus estimate of $7.66 billion. During the same quarter last year, the firm posted $1.48 earnings per share. The firm’s revenue was up 27.6% compared to the same quarter last year. On average, equities analysts anticipate that Dollar General Corp. will post 8.87 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Monday, July 6th. Dollar General’s dividend payout ratio is presently 21.40%.
Several research analysts have recently commented on the stock. Zacks Investment Research raised shares of Dollar General from a “hold” rating to a “buy” rating and set a $193.00 target price on the stock in a report on Monday, May 18th. Morgan Stanley lifted their price objective on Dollar General from $218.00 to $222.00 and gave the company an “overweight” rating in a report on Thursday, June 4th. Loop Capital increased their target price on Dollar General from $190.00 to $200.00 and gave the stock a “hold” rating in a report on Wednesday, July 1st. They noted that the move was a valuation call. Edward Jones cut Dollar General from a “buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Finally, Guggenheim upped their price objective on shares of Dollar General from $170.00 to $210.00 in a research report on Monday, June 15th. Five equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the stock. Dollar General currently has a consensus rating of “Buy” and a consensus target price of $196.21.
In other news, EVP Carman R. Wenkoff sold 7,300 shares of the company’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $190.13, for a total value of $1,387,949.00. Following the completion of the sale, the executive vice president now owns 12,922 shares of the company’s stock, valued at $2,456,859.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Rhonda Taylor sold 41,313 shares of Dollar General stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $191.21, for a total transaction of $7,899,458.73. Following the sale, the executive vice president now owns 36,432 shares in the company, valued at approximately $6,966,162.72. The disclosure for this sale can be found here. Insiders sold a total of 59,645 shares of company stock valued at $11,414,046 over the last three months. Insiders own 0.72% of the company’s stock.
Dollar General Profile
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups 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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