Dollar General Co. (NYSE:DG) Shares Bought by Criterion Capital Advisors LLC

Criterion Capital Advisors LLC lifted its stake in shares of Dollar General Co. (NYSE:DG) by 26.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,578 shares of the company’s stock after acquiring an additional 2,388 shares during the quarter. Dollar General comprises about 1.2% of Criterion Capital Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. Criterion Capital Advisors LLC’s holdings in Dollar General were worth $1,807,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DG. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Dollar General in the 4th quarter worth approximately $25,000. Studio Investment Management LLC bought a new position in shares of Dollar General in the third quarter valued at $26,000. Burkett Financial Services LLC acquired a new stake in shares of Dollar General during the 4th quarter valued at $26,000. Fortis Group Advisors LLC boosted its stake in shares of Dollar General by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Finally, MV Capital Management Inc. grew its holdings in shares of Dollar General by 78.0% in the 4th quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock worth $30,000 after acquiring an additional 96 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DG. Piper Sandler reduced their target price on Dollar General from $147.00 to $141.00 and set a “neutral” rating for the company in a report on Friday, May 31st. Truist Financial cut their price target on shares of Dollar General from $140.00 to $135.00 and set a “hold” rating on the stock in a report on Friday, May 31st. The Goldman Sachs Group raised their price objective on shares of Dollar General from $147.00 to $169.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Raymond James boosted their target price on shares of Dollar General from $150.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. Finally, BMO Capital Markets reduced their target price on Dollar General from $150.00 to $140.00 and set a “market perform” rating for the company in a report on Friday, May 31st. Twelve research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Dollar General has a consensus rating of “Hold” and an average price target of $148.23.

Insider Buying and Selling at Dollar General

In other Dollar General news, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total value of $468,561.48. Following the transaction, the director now directly owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Carman R. Wenkoff sold 5,909 shares of the firm’s 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 completion of the sale, the executive vice president now owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ralph Santana sold 3,009 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total transaction of $468,561.48. Following the completion of the transaction, the director now owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Dollar General Stock Up 1.5 %

NYSE DG traded up $1.95 during trading on Friday, hitting $132.23. 9,278,104 shares of the company traded hands, compared to its average volume of 2,456,465. The company has a market capitalization of $29.08 billion, a P/E ratio of 19.25, a PEG ratio of 2.56 and a beta of 0.45. The business has a fifty day simple moving average of $135.77 and a 200 day simple moving average of $139.89. Dollar General Co. has a 12 month low of $101.09 and a 12 month high of $173.47. The company has a current ratio of 1.22, a quick ratio of 0.18 and a debt-to-equity ratio of 0.89.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, May 30th. The company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.08. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The firm had revenue of $9.91 billion during the quarter, compared to analyst estimates of $9.89 billion. During the same period in the previous year, the company earned $2.34 EPS. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, sell-side analysts predict that Dollar General Co. will post 7.21 EPS for the current year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Tuesday, July 9th. Dollar General’s dividend payout ratio is 34.35%.

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.