Washington Capital Management Inc. Acquires Shares of 4,300 Dollar General Co. (NYSE:DG)

Washington Capital Management Inc. acquired a new stake in Dollar General Co. (NYSE:DG) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,300 shares of the company’s stock, valued at approximately $378,000.

Several other institutional investors also recently bought and sold shares of DG. Altshuler Shaham Ltd acquired a new stake in shares of Dollar General in the fourth quarter worth approximately $25,000. IMG Wealth Management Inc. acquired a new stake in shares of Dollar General in the fourth quarter worth approximately $25,000. Providence First Trust Co acquired a new stake in shares of Dollar General in the fourth quarter worth approximately $33,000. Ameriflex Group Inc. acquired a new stake in shares of Dollar General in the fourth quarter worth approximately $31,000. Finally, Bogart Wealth LLC boosted its stake in shares of Dollar General by 279.8% in the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock worth $37,000 after acquiring an additional 361 shares during the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Emily C. Taylor sold 809 shares of Dollar General stock in a transaction on Friday, April 4th. The stock was sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the sale, the executive vice president now directly owns 48,532 shares of the company’s stock, valued at approximately $4,596,951.04. The trade was a 1.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.56% of the company’s stock.

Dollar General Price Performance

NYSE:DG opened at $113.47 on Friday. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $135.46. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $24.96 billion, a P/E ratio of 18.69, a P/E/G ratio of 2.18 and a beta of 0.26. The stock’s fifty day moving average is $94.88 and its two-hundred day moving average is $82.60.

Dollar General (NYSE:DG) last posted its earnings results on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.32. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company had revenue of $10.44 billion for the quarter, compared to the consensus estimate of $10.25 billion. During the same quarter in the previous year, the business earned $1.65 earnings per share. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. Equities analysts expect that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.08%. Dollar General’s payout ratio is presently 46.18%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DG shares. Barclays lifted their price target on Dollar General from $100.00 to $119.00 and gave the stock an “overweight” rating in a research note on Wednesday. Truist Financial lifted their price target on Dollar General from $93.00 to $112.00 and gave the stock a “hold” rating in a research note on Wednesday. Evercore ISI lifted their price target on Dollar General from $105.00 to $117.00 and gave the stock an “in-line” rating in a research note on Thursday. Melius Research upgraded Dollar General from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 8th. Finally, UBS Group lifted their price objective on Dollar General from $120.00 to $128.00 and gave the stock a “buy” rating in a research report on Wednesday. Fifteen research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $109.04.

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.