Dollar General Co. (NYSE:DG) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in shares of Dollar General Co. (NYSE:DG) by 18.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,512 shares of the company’s stock after purchasing an additional 542 shares during the period. GAMMA Investing LLC’s holdings in Dollar General were worth $464,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake 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 worth $3,408,514,000 after purchasing an additional 3,360,413 shares during the last quarter. Capital International Investors boosted its holdings in Dollar General by 11.3% in the first quarter. Capital International Investors now owns 20,790,023 shares of the company’s stock valued at $3,244,491,000 after purchasing an additional 2,113,485 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Dollar General by 11.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,217,480 shares of the company’s stock worth $3,155,141,000 after purchasing an additional 2,031,593 shares during the period. Capital World Investors raised its stake in shares of Dollar General by 1.0% during the 4th quarter. Capital World Investors now owns 13,068,256 shares of the company’s stock valued at $1,776,629,000 after buying an additional 133,591 shares during the last quarter. Finally, Norges Bank purchased a new position in Dollar General during the fourth quarter valued at approximately $337,150,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Stock Up 1.2 %

DG stock traded up $1.43 during midday trading on Friday, hitting $121.59. The company’s stock had a trading volume of 3,169,507 shares, compared to its average volume of 2,112,649. The firm has a 50-day simple moving average of $127.63 and a 200-day simple moving average of $138.43. The firm has a market capitalization of $26.74 billion, a P/E ratio of 17.70, a PEG ratio of 2.36 and a beta of 0.43. The company has a quick ratio of 0.18, a current ratio of 1.22 and a debt-to-equity ratio of 0.89. Dollar General Co. has a 52-week low of $101.09 and a 52-week high of $170.46.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, May 30th. The company reported $1.65 earnings per share for the quarter, beating 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 firm had revenue of $9.91 billion for the quarter, compared to analysts’ expectations of $9.89 billion. During the same quarter last year, the company earned $2.34 earnings per share. The firm’s revenue was up 6.1% compared to the same quarter last year. As a group, equities analysts forecast that Dollar General Co. will post 7.21 EPS for the current year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Tuesday, July 9th. Dollar General’s payout ratio is 34.35%.

Analysts Set New Price Targets

DG has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Dollar General from $161.00 to $137.00 and set a “neutral” rating for the company in a research note on Friday, May 31st. Wells Fargo & Company dropped their price objective on Dollar General from $155.00 to $145.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 4th. Piper Sandler reduced their target price on Dollar General from $147.00 to $141.00 and set a “neutral” rating for the company in a research note on Friday, May 31st. Telsey Advisory Group reiterated an “outperform” rating and set a $170.00 target price on shares of Dollar General in a research report on Thursday, May 30th. Finally, Loop Capital boosted their price target on shares of Dollar General from $135.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, June 28th. Twelve investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.