NBC Securities Inc. Raises Stake in Dollar General Co. (NYSE:DG)

NBC Securities Inc. raised its stake in Dollar General Co. (NYSE:DG) by 103,550.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,146 shares of the company’s stock after buying an additional 4,142 shares during the quarter. NBC Securities Inc.’s holdings in Dollar General were worth $364,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC purchased a new position in shares of Dollar General during the 4th quarter worth $399,433,000. ACR Alpine Capital Research LLC grew its holdings in shares of Dollar General by 8,426.1% during the 4th quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company’s stock worth $306,424,000 after purchasing an additional 3,994,070 shares during the period. Norges Bank purchased a new position in shares of Dollar General during the 4th quarter worth $140,421,000. Two Sigma Investments LP grew its holdings in shares of Dollar General by 323.1% during the 4th quarter. Two Sigma Investments LP now owns 2,354,135 shares of the company’s stock worth $178,491,000 after purchasing an additional 1,797,776 shares during the period. Finally, Pzena Investment Management LLC grew its holdings in shares of Dollar General by 14.9% during the 4th quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company’s stock worth $892,199,000 after purchasing an additional 1,528,450 shares during the period. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Dollar General

In related news, EVP Emily C. Taylor sold 809 shares of the firm’s stock in a transaction dated 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 in the company, valued at $4,596,951.04. This trade represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.56% of the stock is owned by insiders.

Dollar General Stock Performance

Shares of DG stock opened at $113.47 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The firm has a fifty day moving average price of $94.88 and a 200 day moving average price of $82.54. The company has a market cap of $24.96 billion, a P/E ratio of 18.69, a PEG ratio of 2.18 and a beta of 0.26. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $135.46.

Dollar General (NYSE:DG) last issued its earnings results on Tuesday, June 3rd. The company reported $1.78 EPS 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 firm had revenue of $10.44 billion during the quarter, compared to the consensus estimate of $10.25 billion. During the same quarter in the previous year, the firm posted $1.65 earnings per share. The company’s revenue was up 5.3% compared to the same quarter last year. Sell-side analysts predict that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

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 given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.08%. Dollar General’s payout ratio is currently 46.18%.

Wall Street Analysts Forecast Growth

DG has been the subject of a number of research analyst reports. Morgan Stanley increased their price target on Dollar General from $85.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday. Telsey Advisory Group raised their target price on Dollar General from $100.00 to $120.00 and gave the company a “market perform” rating in a report on Wednesday. Barclays raised their target price on Dollar General from $100.00 to $119.00 and gave the company an “overweight” rating in a report on Wednesday. The Goldman Sachs Group raised their target price on Dollar General from $96.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Raymond James raised their target price on Dollar General from $100.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday. Fifteen analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.04.

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.