Sabal Trust CO Raises Stock Holdings in Dollar General Corporation (NYSE:DG)

Sabal Trust CO lifted its stake in Dollar General Corporation (NYSE:DG) by 27.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,642 shares of the company’s stock after buying an additional 2,302 shares during the quarter. Sabal Trust CO’s holdings in Dollar General were worth $936,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in DG. Studio Investment Management LLC raised its stake in Dollar General by 16.4% during 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 period. Eagle Rock Investment Company LLC increased its stake in shares of Dollar General by 0.5% in the first 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 increased 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 in the last quarter. Federated Hermes Inc. raised its position in shares of Dollar General by 9.8% during the 4th quarter. Federated Hermes Inc. now owns 2,159 shares of the company’s stock valued at $164,000 after purchasing an additional 192 shares during the period. Finally, Colonial Trust Co SC lifted its stake in shares of Dollar General by 13.9% during the 4th quarter. Colonial Trust Co SC now owns 1,633 shares of the company’s stock valued at $124,000 after buying an additional 199 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on DG shares. Morgan Stanley increased their price target on Dollar General from $85.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. upped their price objective on Dollar General from $88.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 4th. Sanford C. Bernstein set a $120.00 target price on Dollar General in a research report on Friday, May 23rd. Melius raised Dollar General from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research note on Tuesday, April 8th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Dollar General in a research note on Tuesday, June 3rd. Sixteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $109.08.

Dollar General Stock Performance

NYSE DG opened at $112.92 on Thursday. The business’s 50 day moving average price is $100.90 and its 200-day moving average price is $85.73. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $135.46. The company has a market cap of $24.85 billion, a P/E ratio of 21.55, a P/E/G ratio of 2.95 and a beta of 0.26. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.20 and a current ratio of 1.23.

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 2.81% and a return on equity of 17.93%. The company had revenue of $10.44 billion during the quarter, compared to analyst estimates of $10.25 billion. During the same period in the previous year, the firm earned $1.65 earnings per share. Dollar General’s quarterly revenue was up 5.3% compared to the same quarter last year. Sell-side analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Tuesday, July 8th. Dollar General’s dividend payout ratio (DPR) is currently 45.04%.

Insiders Place Their Bets

In other news, EVP Kathleen A. Reardon sold 6,438 shares of the company’s stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $111.56, for a total value of $718,223.28. Following the transaction, the executive vice president now directly owns 41,646 shares in the company, valued at approximately $4,646,027.76. This represents a 13.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Emily C. Taylor sold 809 shares of the firm’s stock in a transaction dated Friday, April 4th. The stock was 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. This represents a 1.64% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,216 shares of company stock valued at $1,017,349 over the last 90 days. Insiders own 0.56% of the company’s stock.

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.