Orion Portfolio Solutions LLC Purchases 7,942 Shares of Dollar General Co. (NYSE:DG)

Orion Portfolio Solutions LLC lifted its position in shares of Dollar General Co. (NYSE:DG) by 40.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,623 shares of the company’s stock after acquiring an additional 7,942 shares during the period. Orion Portfolio Solutions LLC’s holdings in Dollar General were worth $4,311,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Dollar General in the 4th quarter valued at about $25,000. Burkett Financial Services LLC acquired a new stake in Dollar General during the fourth quarter worth approximately $26,000. Fortis Group Advisors LLC boosted its position in shares of Dollar General by 100.0% in 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. MV Capital Management Inc. raised its position in Dollar General by 78.0% during the fourth 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. Finally, Montag A & Associates Inc. acquired a new position in Dollar General in the fourth quarter valued at $37,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DG has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their target price on shares of 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. Loop Capital boosted their target price on shares of Dollar General from $135.00 to $140.00 and gave the company a “hold” rating in a research report on Friday, June 28th. Argus cut their target price on Dollar General from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Monday. Evercore ISI dropped their price objective on shares of Dollar General from $151.00 to $148.00 and set an “in-line” rating for the company in a research note on Tuesday, July 2nd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $170.00 price objective on shares of Dollar General in a research note on Thursday, May 30th. Twelve investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dollar General currently has an average rating of “Hold” and a consensus price target of $147.86.

Dollar General Price Performance

Dollar General stock traded up $0.85 during mid-day trading on Friday, reaching $122.42. The company had a trading volume of 2,144,529 shares, compared to its average volume of 2,441,546. The company has a market cap of $26.92 billion, a P/E ratio of 17.70, a P/E/G ratio of 2.45 and a beta of 0.43. The company has a current ratio of 1.22, a quick ratio of 0.18 and a debt-to-equity ratio of 0.89. The business has a fifty day simple moving average of $132.35 and a 200 day simple moving average of $139.58. Dollar General Co. has a fifty-two week low of $101.09 and a fifty-two week high of $173.47.

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

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $2.36 dividend on an annualized basis and a yield of 1.93%. Dollar General’s dividend payout ratio is presently 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.