SPC Financial Inc. Raises Stock Position in Dollar General Co. (NYSE:DG)

SPC Financial Inc. grew its position in Dollar General Co. (NYSE:DG) by 6.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,738 shares of the company’s stock after buying an additional 100 shares during the period. SPC Financial Inc.’s holdings in Dollar General were worth $271,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. McGlone Suttner Wealth Management Inc. purchased a new position in Dollar General during the fourth quarter worth about $25,000. Burkett Financial Services LLC acquired a new stake in Dollar General in the 4th quarter valued at approximately $26,000. Fortis Group Advisors LLC raised its position in Dollar General by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock valued at $27,000 after purchasing an additional 100 shares during the period. MV Capital Management Inc. lifted its stake 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 purchasing an additional 96 shares in the last quarter. Finally, Lowe Wealth Advisors LLC purchased a new position in shares of Dollar General during the fourth quarter worth $33,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

DG has been the subject of a number of research analyst reports. Raymond James raised their target price on Dollar General from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Loop Capital upped their target price on shares of Dollar General from $135.00 to $140.00 and gave the stock a “hold” rating in a research note on Friday, June 28th. The Goldman Sachs Group raised their price target on shares of Dollar General from $147.00 to $169.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Morgan Stanley increased their price objective on Dollar General from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. Finally, Wells Fargo & Company lowered their target price on Dollar General from $155.00 to $145.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 4th. Twelve investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $148.09.

Dollar General Stock Up 1.3 %

DG opened at $133.29 on Friday. The business has a 50 day moving average price of $133.53 and a two-hundred day moving average price of $139.85. Dollar General Co. has a 52 week low of $101.09 and a 52 week high of $173.47. The company has a market cap of $29.31 billion, a PE ratio of 19.15, a P/E/G ratio of 2.51 and a beta of 0.43. 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 earnings results on Thursday, May 30th. The company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.57 by $0.08. Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The company had revenue of $9.91 billion during the quarter, compared to analysts’ expectations of $9.89 billion. During the same quarter last year, the business earned $2.34 EPS. The business’s revenue was up 6.1% on a year-over-year basis. As a group, research analysts anticipate that Dollar General Co. will post 7.21 EPS for the current year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $2.36 annualized dividend and a yield of 1.77%. Dollar General’s payout ratio is currently 34.35%.

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.