Everhart Financial Group Inc. Buys 2,040 Shares of Dollar General Co. (NYSE:DG)

Everhart Financial Group Inc. grew its stake in Dollar General Co. (NYSE:DG) by 47.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,314 shares of the company’s stock after acquiring an additional 2,040 shares during the period. Everhart Financial Group Inc.’s holdings in Dollar General were worth $555,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in DG. First Eagle Investment Management LLC bought a new position in Dollar General in the 4th quarter worth about $399,433,000. ACR Alpine Capital Research LLC boosted its stake in shares of Dollar General by 8,426.1% during the fourth quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company’s stock valued at $306,424,000 after purchasing an additional 3,994,070 shares in the last quarter. Norges Bank bought a new position in shares of Dollar General during the fourth quarter valued at approximately $140,421,000. Two Sigma Investments LP boosted its stake in shares of Dollar General by 323.1% during the fourth quarter. Two Sigma Investments LP now owns 2,354,135 shares of the company’s stock valued at $178,491,000 after purchasing an additional 1,797,776 shares in the last quarter. Finally, Pzena Investment Management LLC boosted its stake in shares of Dollar General by 14.9% during the fourth quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company’s stock valued at $892,199,000 after purchasing an additional 1,528,450 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DG has been the topic of a number of recent research reports. Piper Sandler increased their price objective on shares of Dollar General from $79.00 to $81.00 and gave the company a “neutral” rating in a research note on Friday, March 14th. Evercore ISI increased their price objective on shares of Dollar General from $105.00 to $117.00 and gave the company an “in-line” rating in a research note on Thursday, June 5th. UBS Group increased their price objective on shares of Dollar General from $120.00 to $128.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. KeyCorp reiterated a “sector weight” rating on shares of Dollar General in a research note on Wednesday, June 4th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Dollar General from $88.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, June 4th. Fifteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Dollar General presently has an average rating of “Moderate Buy” and a consensus price target of $109.04.

Insider Transactions at Dollar General

In related news, EVP Emily C. Taylor sold 809 shares of the business’s stock in a transaction on Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the transaction, the executive vice president now directly owns 48,532 shares in the company, valued at $4,596,951.04. The trade was a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.56% of the company’s stock.

Dollar General Trading Down 0.2%

NYSE:DG opened at $111.59 on Friday. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $135.46. The firm has a fifty day simple moving average of $96.92 and a 200-day simple moving average of $83.82. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $24.56 billion, a P/E ratio of 18.38, a PEG ratio of 2.18 and a beta of 0.26.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.46 by $0.32. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business had revenue of $10.44 billion during the quarter, compared to the consensus estimate of $10.25 billion. During the same period in the previous year, the firm posted $1.65 earnings per share. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, equities research analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The business 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 dividend of $0.59 per share. The ex-dividend date is Tuesday, July 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.11%. Dollar General’s payout ratio is currently 45.04%.

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.