Steph & Co. Has $478,000 Stock Position in Dollar General Corporation (NYSE:DG)

Steph & Co. boosted its stake in Dollar General Corporation (NYSE:DG) by 30.7% in the first quarter, Holdings Channel reports. The firm owned 5,432 shares of the company’s stock after purchasing an additional 1,275 shares during the quarter. Steph & Co.’s holdings in Dollar General were worth $478,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Studio Investment Management LLC raised its holdings in shares of Dollar General by 16.4% in the 4th quarter. Studio Investment Management LLC now owns 989 shares of the company’s stock worth $75,000 after acquiring an additional 139 shares during the last quarter. Eagle Rock Investment Company LLC increased its holdings in Dollar General by 0.5% during the 1st quarter. Eagle Rock Investment Company LLC now owns 28,983 shares of the company’s stock worth $2,548,000 after purchasing an additional 156 shares in the last quarter. CVA Family Office LLC raised its stake in shares of Dollar General by 39.4% in the first quarter. CVA Family Office LLC now owns 570 shares of the company’s stock worth $50,000 after purchasing an additional 161 shares during the last quarter. Federated Hermes Inc. boosted its position in shares of Dollar General by 9.8% during the fourth quarter. Federated Hermes Inc. now owns 2,159 shares of the company’s stock valued at $164,000 after buying an additional 192 shares during the last quarter. Finally, Colonial Trust Co SC grew its holdings in Dollar General by 13.9% during the fourth quarter. Colonial Trust Co SC now owns 1,633 shares of the company’s stock worth $124,000 after buying an additional 199 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insider Transactions at Dollar General

In related news, EVP Emily C. Taylor sold 1,969 shares of the firm’s stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $113.00, for a total value of $222,497.00. Following the sale, the executive vice president now directly owns 46,563 shares of the company’s stock, valued at $5,261,619. This trade represents a 4.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Kathleen A. Reardon sold 6,438 shares of Dollar General stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $111.56, for a total transaction of $718,223.28. Following the sale, the executive vice president now owns 41,646 shares of the company’s stock, valued at approximately $4,646,027.76. The trade was a 13.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,216 shares of company stock valued at $1,017,349. 0.56% of the stock is currently owned by company insiders.

Dollar General Stock Performance

Shares of DG opened at $113.37 on Wednesday. Dollar General Corporation has a 52-week low of $66.43 and a 52-week high of $135.46. The stock’s 50-day simple moving average is $100.43 and its 200 day simple moving average is $85.54. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.20 and a current ratio of 1.23. The stock has a market capitalization of $24.95 billion, a price-to-earnings ratio of 21.64, a price-to-earnings-growth ratio of 3.00 and a beta of 0.26.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.32. The firm had revenue of $10.44 billion for the quarter, compared to the consensus estimate of $10.25 billion. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.65 earnings per share. Research analysts forecast that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, July 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.08%. Dollar General’s dividend payout ratio (DPR) is currently 45.04%.

Analysts Set New Price Targets

DG has been the topic of several recent analyst reports. Gordon Haskett upgraded Dollar General from a “reduce” rating to an “accumulate” rating in a research note on Tuesday, June 3rd. Truist Financial boosted their price target on shares of Dollar General from $93.00 to $112.00 and gave the stock a “hold” rating in a report on Wednesday, June 4th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $80.00 price objective (down previously from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. Oppenheimer upgraded Dollar General from a “market perform” rating to an “outperform” rating and set a $130.00 target price on the stock in a research note on Wednesday, June 4th. Finally, Loop Capital increased their price target on Dollar General from $80.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday, June 4th. Sixteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Dollar General has a consensus rating of “Hold” and an average target price of $109.08.

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.