SeaBridge Investment Advisors LLC Buys 7,478 Shares of Dollar General Co. (NYSE:DG)

SeaBridge Investment Advisors LLC grew its stake in Dollar General Co. (NYSE:DG) by 128.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,311 shares of the company’s stock after purchasing an additional 7,478 shares during the quarter. SeaBridge Investment Advisors LLC’s holdings in Dollar General were worth $2,077,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV grew its stake in shares of Dollar General by 12.4% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 689 shares of the company’s stock worth $108,000 after acquiring an additional 76 shares in the last quarter. ORG Partners LLC lifted its position in shares of Dollar General by 13.2% during the 4th quarter. ORG Partners LLC now owns 754 shares of the company’s stock worth $103,000 after buying an additional 88 shares in the last quarter. Rise Advisors LLC grew its holdings in shares of Dollar General by 14.8% in the first quarter. Rise Advisors LLC now owns 700 shares of the company’s stock valued at $109,000 after acquiring an additional 90 shares in the last quarter. Horrell Capital Management Inc. increased its position in shares of Dollar General by 0.3% during the fourth quarter. Horrell Capital Management Inc. now owns 29,224 shares of the company’s stock valued at $3,973,000 after acquiring an additional 94 shares during the last quarter. Finally, MV Capital Management Inc. lifted its holdings in Dollar General by 78.0% during the fourth quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock worth $30,000 after acquiring an additional 96 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Insider Transactions at Dollar General

In other news, Director Ralph Santana sold 3,009 shares of the company’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the transaction, the director now directly owns 3,248 shares in the company, valued at approximately $505,778.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Telsey Advisory Group reiterated an “outperform” rating and set a $170.00 target price on shares of Dollar General in a research note on Thursday, May 30th. BMO Capital Markets dropped their target price on shares of Dollar General from $150.00 to $140.00 and set a “market perform” rating on the stock in a research note on Friday, May 31st. Piper Sandler decreased their price target on shares of Dollar General from $147.00 to $141.00 and set a “neutral” rating for the company in a research note on Friday, May 31st. Truist Financial dropped their price objective on Dollar General from $140.00 to $135.00 and set a “hold” rating on the stock in a research note on Friday, May 31st. Finally, Morgan Stanley raised their target price on Dollar General from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Twelve analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $148.09.

Dollar General Price Performance

Shares of DG stock traded up $2.77 on Friday, reaching $128.20. The company’s stock had a trading volume of 1,570,260 shares, compared to its average volume of 2,461,643. The company has a market capitalization of $28.19 billion, a P/E ratio of 18.66, a PEG ratio of 2.47 and a beta of 0.43. Dollar General Co. has a 12-month low of $101.09 and a 12-month high of $173.47. The stock’s 50 day simple moving average is $134.56 and its 200-day simple moving average is $139.86. The company has a quick ratio of 0.18, a current ratio of 1.22 and a debt-to-equity ratio of 0.89.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, May 30th. The company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.08. The firm had revenue of $9.91 billion for the quarter, compared to analysts’ expectations of $9.89 billion. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.34 EPS. As a group, equities analysts predict that Dollar General Co. will post 7.21 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 23rd. Stockholders of record on Tuesday, July 9th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Tuesday, July 9th. Dollar General’s dividend payout ratio (DPR) is currently 34.35%.

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.