Acropolis Investment Management LLC Purchases 386 Shares of Dollar General Co. (NYSE:DG)

Acropolis Investment Management LLC increased its position in Dollar General Co. (NYSE:DG) by 7.3% during the first quarter, HoldingsChannel.com reports. The firm owned 5,679 shares of the company’s stock after acquiring an additional 386 shares during the quarter. Acropolis Investment Management LLC’s holdings in Dollar General were worth $499,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. IMG Wealth Management Inc. bought a new position in Dollar General during the 4th quarter valued at about $25,000. Altshuler Shaham Ltd purchased a new stake in Dollar General in the 4th quarter worth approximately $25,000. Ameriflex Group Inc. purchased a new stake in Dollar General in the 4th quarter worth approximately $31,000. Providence First Trust Co purchased a new stake in Dollar General in the 4th quarter worth approximately $33,000. Finally, OFI Invest Asset Management purchased a new stake in Dollar General during the 4th quarter valued at approximately $37,000. Institutional investors own 91.77% of the company’s stock.

Insider Buying and Selling at Dollar General

In related news, EVP Kathleen A. Reardon sold 6,438 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $111.56, for a total value of $718,223.28. Following the completion of the transaction, the executive vice president now directly owns 41,646 shares of the company’s stock, valued at approximately $4,646,027.76. This represents a 13.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Emily C. Taylor sold 809 shares of the stock in a transaction on Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the transaction, the executive vice president now directly owns 48,532 shares of the company’s stock, valued at approximately $4,596,951.04. This represents a 1.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate insiders.

Dollar General Price Performance

Shares of DG stock opened at $113.64 on Tuesday. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $135.46. The firm has a market capitalization of $25.01 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 2.18 and a beta of 0.26. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The stock’s 50-day simple moving average is $97.43 and its 200-day simple moving average is $84.18.

Dollar General (NYSE:DG) last issued 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. The firm had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.25 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. Dollar General’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.65 earnings per share. As a group, equities analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Tuesday, July 8th. Dollar General’s payout ratio is presently 45.04%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DG shares. Melius Research raised shares of Dollar General from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 8th. UBS Group raised their price target on Dollar General from $120.00 to $128.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Telsey Advisory Group raised their price target on Dollar General from $100.00 to $120.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 4th. KeyCorp reiterated a “sector weight” rating on shares of Dollar General in a research report on Wednesday, June 4th. Finally, Melius upgraded Dollar General from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a research report on Tuesday, April 8th. Fifteen 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $109.04.

About Dollar General

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.