Veracity Capital LLC Grows Stock Position in Dollar General Co. (NYSE:DG)

Veracity Capital LLC lifted its holdings in Dollar General Co. (NYSE:DG) by 1.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,287 shares of the company’s stock after purchasing an additional 101 shares during the period. Veracity Capital LLC’s holdings in Dollar General were worth $825,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in DG. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Dollar General during the 4th quarter valued at about $25,000. Studio Investment Management LLC bought a new position in shares of Dollar General in the third quarter worth approximately $26,000. Burkett Financial Services LLC purchased a new stake in shares of Dollar General in the fourth quarter worth $26,000. Fortis Group Advisors LLC raised its position 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 valued at $27,000 after purchasing an additional 100 shares during the period. Finally, MV Capital Management Inc. lifted its stake in shares of Dollar General by 78.0% during the 4th quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock valued at $30,000 after buying an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Insider Transactions at Dollar General

In related news, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following the completion of the sale, the director now owns 3,248 shares in the company, valued at approximately $505,778.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

DG has been the topic of a number of recent analyst reports. BMO Capital Markets decreased their price target on Dollar General from $150.00 to $140.00 and set a “market perform” rating on the stock in a report on Friday, May 31st. Oppenheimer reissued a “market perform” rating on shares of Dollar General in a report on Wednesday, March 6th. Piper Sandler cut their price objective on shares of Dollar General from $147.00 to $141.00 and set a “neutral” rating for the company in a report on Friday, May 31st. The Goldman Sachs Group boosted their target price on shares of Dollar General from $147.00 to $169.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Finally, Loop Capital raised their target price on shares of Dollar General from $135.00 to $140.00 and gave the company a “hold” rating in a research note on Friday, June 28th. Twelve analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $148.09.

Dollar General Trading Down 3.1 %

Shares of Dollar General stock traded down $4.04 during trading on Thursday, hitting $125.43. The stock had a trading volume of 1,302,424 shares, compared to its average volume of 2,596,925. Dollar General Co. has a 12 month low of $101.09 and a 12 month high of $173.47. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.22 and a quick ratio of 0.18. The firm’s fifty day simple moving average is $134.90 and its 200-day simple moving average is $139.96. The stock has a market cap of $27.58 billion, a PE ratio of 18.26, a PEG ratio of 2.55 and a beta of 0.43.

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

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 23rd. Stockholders of record on Tuesday, July 9th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Tuesday, July 9th. Dollar General’s dividend payout ratio is currently 34.35%.

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.