Rhumbline Advisers Boosts Stock Holdings in Dollar General Co. (NYSE:DG)

Rhumbline Advisers lifted its position in shares of Dollar General Co. (NYSE:DG) by 12.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 445,820 shares of the company’s stock after purchasing an additional 48,514 shares during the period. Rhumbline Advisers’ holdings in Dollar General were worth $39,201,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of Dollar General in the fourth quarter worth about $57,000. Oppenheimer & Co. Inc. grew its stake in shares of Dollar General by 81.4% in the fourth quarter. Oppenheimer & Co. Inc. now owns 5,648 shares of the company’s stock worth $428,000 after purchasing an additional 2,534 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of Dollar General by 9.5% in the fourth quarter. Private Advisor Group LLC now owns 6,066 shares of the company’s stock worth $460,000 after purchasing an additional 524 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Dollar General by 18.1% in the fourth quarter. Ameriprise Financial Inc. now owns 107,306 shares of the company’s stock worth $8,137,000 after purchasing an additional 16,453 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in Dollar General by 63.6% in the fourth quarter. Blue Trust Inc. now owns 2,576 shares of the company’s stock worth $195,000 after buying an additional 1,001 shares during the period. 91.77% of the stock is owned by institutional investors.

Dollar General Price Performance

Shares of NYSE DG opened at $111.89 on Thursday. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $135.57. The firm has a market cap of $24.61 billion, a P/E ratio of 18.43, a PEG ratio of 2.18 and a beta of 0.26. The company has a 50 day moving average of $93.85 and a 200 day moving average of $82.03. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.32. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company had revenue of $10.44 billion during the quarter, compared to analyst estimates of $10.25 billion. During the same period in the previous year, the business earned $1.65 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. As a group, research analysts expect that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, July 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.11%. Dollar General’s payout ratio is currently 46.18%.

Insider Buying and Selling

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of Dollar General stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the sale, the executive vice president now owns 48,532 shares of the company’s stock, valued at approximately $4,596,951.04. The trade was a 1.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.56% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

DG has been the subject of several research analyst reports. Wells Fargo & Company raised their price objective on shares of Dollar General from $80.00 to $105.00 and gave the stock an “equal weight” rating in a report on Wednesday. Barclays raised their price objective on shares of Dollar General from $100.00 to $119.00 and gave the stock an “overweight” rating in a report on Wednesday. Gordon Haskett upgraded shares of Dollar General from a “reduce” rating to an “accumulate” rating in a report on Tuesday. Melius upgraded shares of Dollar General from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a report on Tuesday, April 8th. Finally, Raymond James raised their price objective on shares of Dollar General from $100.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday. Fourteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $108.19.

About Dollar General

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.