Dollar General Co. (NYSE:DG) Shares Acquired by Birch Capital Management LLC

Birch Capital Management LLC lifted its position in Dollar General Co. (NYSE:DGFree Report) by 40.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 16,216 shares of the company’s stock after acquiring an additional 4,701 shares during the quarter. Dollar General comprises about 1.3% of Birch Capital Management LLC’s portfolio, making the stock its 26th biggest holding. Birch Capital Management LLC’s holdings in Dollar General were worth $2,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. purchased a new stake in Dollar General in the 4th quarter worth $25,000. Studio Investment Management LLC purchased a new stake in Dollar General in the 3rd quarter worth $26,000. Burkett Financial Services LLC purchased a new stake in Dollar General in the 4th quarter worth $26,000. Fortis Group Advisors LLC grew its holdings in shares of Dollar General by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock worth $27,000 after buying an additional 100 shares in the last quarter. Finally, MV Capital Management Inc. grew its holdings in shares of Dollar General by 78.0% during the fourth quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock worth $30,000 after buying an additional 96 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Stock Up 1.0 %

Shares of DG stock traded up $1.27 during trading hours on Friday, reaching $128.77. 3,292,960 shares of the stock were exchanged, compared to its average volume of 2,819,738. The business’s fifty day moving average is $137.25 and its two-hundred day moving average is $139.99. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.22 and a quick ratio of 0.18. Dollar General Co. has a 12-month low of $101.09 and a 12-month high of $173.47. The firm has a market capitalization of $28.32 billion, a P/E ratio of 18.74, a P/E/G ratio of 2.51 and a beta of 0.45.

Dollar General (NYSE:DGGet Free Report) last released its earnings results on Thursday, May 30th. The company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.08. Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The firm had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.89 billion. During the same period in the prior year, the firm earned $2.34 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, research analysts expect that Dollar General Co. will post 7.21 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $2.36 annualized dividend and a yield of 1.83%. Dollar General’s dividend payout ratio is currently 34.35%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Raymond James upped their target price on shares of Dollar General from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. JPMorgan Chase & Co. lowered their price target on shares of Dollar General from $161.00 to $137.00 and set a “neutral” rating on the stock in a research report on Friday, May 31st. Argus boosted their price target on shares of Dollar General from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Evercore ISI boosted their price target on shares of Dollar General from $150.00 to $151.00 and gave the company an “in-line” rating in a research report on Thursday. Finally, Truist Financial lowered their price target on shares of Dollar General from $140.00 to $135.00 and set a “hold” rating on the stock in a research report on Friday, May 31st. Twelve analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $148.00.

Read Our Latest Analysis on DG

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total value of $958,617.07. Following the transaction, the executive vice president now directly owns 28,579 shares in the company, valued at $4,636,371.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Ralph Santana sold 3,009 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following the transaction, the director now directly owns 3,248 shares in the company, valued at $505,778.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Carman R. Wenkoff sold 5,909 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total transaction of $958,617.07. Following the transaction, the executive vice president now owns 28,579 shares in the company, valued at $4,636,371.17. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

Dollar General Company Profile

(Free Report)

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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