Bleakley Financial Group LLC Grows Stock Position in Dollar General Co. (NYSE:DG)

Bleakley Financial Group LLC boosted its position in Dollar General Co. (NYSE:DG) by 185.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,361 shares of the company’s stock after buying an additional 6,077 shares during the quarter. Bleakley Financial Group LLC’s holdings in Dollar General were worth $1,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Dollar General by 15.5% in the fourth quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock valued at $3,408,514,000 after purchasing an additional 3,360,413 shares in the last quarter. Capital International Investors grew its position in shares of Dollar General by 13.9% in the fourth quarter. Capital International Investors now owns 18,676,538 shares of the company’s stock valued at $2,539,026,000 after purchasing an additional 2,273,119 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Dollar General by 162.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,185,887 shares of the company’s stock valued at $2,472,372,000 after purchasing an additional 11,257,537 shares in the last quarter. Capital World Investors grew its position in shares of Dollar General by 1.0% in the fourth quarter. Capital World Investors now owns 13,068,256 shares of the company’s stock valued at $1,776,629,000 after purchasing an additional 133,591 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Dollar General in the fourth quarter valued at $337,150,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Price Performance

Shares of DG stock traded down $3.06 during trading hours on Wednesday, hitting $124.42. 3,395,898 shares of the company’s stock were exchanged, compared to its average volume of 2,442,878. The company has a market capitalization of $27.36 billion, a PE ratio of 18.56, a PEG ratio of 2.50 and a beta of 0.43. Dollar General Co. has a 12-month low of $101.09 and a 12-month high of $173.47. The business’s 50 day simple moving average is $133.00 and its 200-day simple moving average is $139.81. 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 quarterly earnings results on Thursday, May 30th. The company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.57 by $0.08. The firm had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.89 billion. Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The business’s revenue was up 6.1% compared to the same quarter last year. During the same period last year, the firm posted $2.34 earnings per share. On average, equities research analysts anticipate that Dollar General Co. will post 7.21 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Tuesday, July 9th. Dollar General’s payout ratio is 34.35%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DG shares. Truist Financial reduced their price target on Dollar General from $140.00 to $135.00 and set a “hold” rating for the company in a research report on Friday, May 31st. Piper Sandler reduced their price target on Dollar General from $147.00 to $141.00 and set a “neutral” rating for the company in a research report on Friday, May 31st. Loop Capital lifted their price objective on Dollar General from $135.00 to $140.00 and gave the company a “hold” rating in a research note on Friday, June 28th. Wells Fargo & Company dropped their price objective on Dollar General from $155.00 to $145.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 4th. Finally, Argus dropped their price objective on Dollar General from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Monday. Twelve research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Dollar General has a consensus rating of “Hold” and an average price target of $147.86.

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.