Intech Investment Management LLC Purchases 505 Shares of Dollar General Co. (NYSE:DG)

Intech Investment Management LLC raised its stake in shares of Dollar General Co. (NYSE:DG) by 4.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 11,719 shares of the company’s stock after acquiring an additional 505 shares during the period. Intech Investment Management LLC’s holdings in Dollar General were worth $1,829,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Gratus Wealth Advisors LLC raised its stake in shares of Dollar General by 72.0% during the 1st quarter. Gratus Wealth Advisors LLC now owns 5,440 shares of the company’s stock valued at $792,000 after buying an additional 2,277 shares during the last quarter. Great Lakes Retirement Inc. raised its stake in shares of Dollar General by 4.4% during the 1st quarter. Great Lakes Retirement Inc. now owns 5,304 shares of the company’s stock valued at $828,000 after buying an additional 224 shares during the last quarter. Orion Portfolio Solutions LLC increased its stake in shares of Dollar General by 40.4% in the 1st quarter. Orion Portfolio Solutions LLC now owns 27,623 shares of the company’s stock valued at $4,311,000 after purchasing an additional 7,942 shares in the last quarter. Blair William & Co. IL raised its holdings in Dollar General by 380.3% in the 1st quarter. Blair William & Co. IL now owns 20,302 shares of the company’s stock worth $3,168,000 after purchasing an additional 16,075 shares during the period. Finally, HBK Sorce Advisory LLC raised its holdings in Dollar General by 4.4% in the 1st quarter. HBK Sorce Advisory LLC now owns 13,092 shares of the company’s stock worth $2,043,000 after purchasing an additional 550 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DG. Loop Capital upped their price target on Dollar General from $135.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, June 28th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $170.00 price target on shares of Dollar General in a report on Thursday, May 30th. 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 report on Friday, May 31st. Evercore ISI reduced their price target on Dollar General from $151.00 to $148.00 and set an “in-line” rating for the company in a report on Tuesday, July 2nd. Finally, JPMorgan Chase & Co. cut their price objective on Dollar General from $161.00 to $137.00 and set a “neutral” rating for the company in a research note on Friday, May 31st. Twelve investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Dollar General currently has a consensus rating of “Hold” and a consensus target price of $147.86.

Dollar General Price Performance

Shares of DG stock traded up $0.85 during trading hours on Friday, reaching $122.42. The company had a trading volume of 2,153,691 shares, compared to its average volume of 2,454,942. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.18 and a current ratio of 1.22. The stock has a fifty day moving average of $131.98 and a 200-day moving average of $139.48. The company has a market capitalization of $26.92 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 2.41 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.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, May 30th. The company reported $1.65 earnings per share (EPS) 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 business’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.34 earnings per share. On average, equities analysts anticipate that Dollar General Co. will post 7.21 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $2.36 annualized dividend and a yield of 1.93%. Dollar General’s payout ratio is 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.