AGF Investments LLC Increases Stock Position in Dollar General Co. (NYSE:DG)

AGF Investments LLC lifted its holdings in shares of Dollar General Co. (NYSE:DGGet Rating) by 20.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,285 shares of the company’s stock after buying an additional 732 shares during the period. AGF Investments LLC’s holdings in Dollar General were worth $954,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Delos Wealth Advisors LLC purchased a new position in Dollar General in the fourth quarter worth $25,000. Sandy Cove Advisors LLC acquired a new stake in shares of Dollar General in the fourth quarter valued at about $28,000. Toth Financial Advisory Corp purchased a new stake in Dollar General during the first quarter worth about $32,000. Covestor Ltd acquired a new position in Dollar General during the fourth quarter worth about $39,000. Finally, Comprehensive Financial Consultants Institutional Inc. purchased a new position in Dollar General in the fourth quarter valued at about $41,000. 94.86% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Patricia Filikrushel sold 5,289 shares of the company’s stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $221.59, for a total transaction of $1,171,989.51. Following the completion of the sale, the director now directly owns 22,793 shares of the company’s stock, valued at approximately $5,050,700.87. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Patricia Filikrushel sold 5,289 shares of the firm’s stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $221.59, for a total transaction of $1,171,989.51. Following the sale, the director now directly owns 22,793 shares in the company, valued at approximately $5,050,700.87. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Antonio Zuazo sold 2,999 shares of the company’s stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $227.43, for a total value of $682,062.57. Following the completion of the transaction, the executive vice president now owns 9,491 shares of the company’s stock, valued at approximately $2,158,538.13. The disclosure for this sale can be found here. Insiders sold a total of 13,288 shares of company stock worth $3,089,602 over the last ninety days. 0.60% of the stock is owned by company insiders.

Dollar General Trading Down 0.6 %

Shares of DG stock traded down $1.54 on Wednesday, reaching $255.24. 15,168 shares of the stock were exchanged, compared to its average volume of 1,299,197. Dollar General Co. has a 1-year low of $183.25 and a 1-year high of $262.20. The stock has a market cap of $57.94 billion, a P/E ratio of 26.34, a price-to-earnings-growth ratio of 1.71 and a beta of 0.40. The company has a quick ratio of 0.09, a current ratio of 0.97 and a debt-to-equity ratio of 0.66. The firm has a 50 day moving average of $245.70 and a two-hundred day moving average of $229.46.

Dollar General (NYSE:DGGet Rating) last announced its quarterly earnings results on Thursday, May 26th. The company reported $2.41 EPS for the quarter, topping the consensus estimate of $2.32 by $0.09. The company had revenue of $8.75 billion during the quarter, compared to analyst estimates of $8.71 billion. Dollar General had a return on equity of 37.05% and a net margin of 6.58%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.82 earnings per share. On average, research analysts anticipate that Dollar General Co. will post 11.53 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 19th. Shareholders of record on Tuesday, July 5th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, July 1st. This represents a $2.20 dividend on an annualized basis and a yield of 0.86%. Dollar General’s dividend payout ratio (DPR) is 22.56%.

Wall Street Analyst Weigh In

DG has been the topic of a number of research reports. Citigroup cut Dollar General from a “buy” rating to a “neutral” rating and set a $258.00 price target on the stock. in a report on Thursday, July 14th. Telsey Advisory Group dropped their price target on Dollar General from $265.00 to $230.00 and set an “outperform” rating for the company in a research report on Tuesday, May 24th. Loop Capital reiterated a “buy” rating on shares of Dollar General in a research report on Friday, May 20th. Oppenheimer raised their target price on shares of Dollar General from $240.00 to $275.00 and gave the company an “outperform” rating in a report on Tuesday, July 19th. Finally, Truist Financial upped their price target on shares of Dollar General from $227.00 to $262.00 and gave the company a “hold” rating in a report on Friday, August 5th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Dollar General has a consensus rating of “Moderate Buy” and a consensus price target of $251.69.

Dollar General Profile

(Get Rating)

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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