Dollar General Co. (NYSE:DG) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its position in Dollar General Co. (NYSE:DG - Free Report) by 0.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 24,984,980 shares of the company's stock after selling 86,840 shares during the period. Vanguard Group Inc. owned 11.37% of Dollar General worth $3,899,156,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DG. Price T Rowe Associates Inc. MD raised its holdings in shares of Dollar General by 162.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,185,887 shares of the company's stock worth $2,472,372,000 after acquiring an additional 11,257,537 shares during the period. Norges Bank purchased a new position in shares of Dollar General during the 4th quarter worth $337,150,000. Capital International Investors raised its holdings in shares of Dollar General by 13.9% during the 4th quarter. Capital International Investors now owns 18,676,538 shares of the company's stock worth $2,539,026,000 after acquiring an additional 2,273,119 shares during the period. Pzena Investment Management LLC purchased a new position in shares of Dollar General during the 1st quarter worth $301,738,000. Finally, FIL Ltd increased its position in shares of Dollar General by 31.4% during the 4th quarter. FIL Ltd now owns 1,340,157 shares of the company's stock worth $182,194,000 after purchasing an additional 320,157 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company's stock.

Dollar General Stock Up 0.7 %

DG stock traded up $0.87 during trading on Monday, hitting $123.29. 2,067,819 shares of the company's stock were exchanged, compared to its average volume of 2,438,855. The business has a 50-day moving average price of $131.69 and a two-hundred day moving average price of $139.46. The stock has a market capitalization of $27.11 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 2.41 and a beta of 0.43. Dollar General Co. has a 52-week low of $101.09 and a 52-week high of $173.47. 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 - Get Free Report) last posted its earnings results on Thursday, May 30th. The company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.08. The firm had revenue of $9.91 billion during the quarter, compared to analysts' expectations of $9.89 billion. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The firm's revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.34 earnings per share. As a group, equities research analysts expect that Dollar General Co. will post 7.21 EPS for the current year.

Dollar General Dividend Announcement

The firm 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 dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 1.91%. The ex-dividend date is Tuesday, July 9th. Dollar General's payout ratio is 34.35%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. BMO Capital Markets cut their price objective on Dollar General from $150.00 to $140.00 and set a "market perform" rating for the company in a research report on Friday, May 31st. Argus dropped their target price on Dollar General from $175.00 to $170.00 and set a "buy" rating for the company in a research report on Monday, July 15th. Truist Financial dropped their target price 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 dropped their target price 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. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $170.00 target price on shares of Dollar General in a research report on Thursday, May 30th. Twelve investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $147.86.

Dollar General 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.