Dollar General Co. (NYSE:DG) Shares Bought by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC grew its stake in Dollar General Co. (NYSE:DG) by 17.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,396 shares of the company’s stock after buying an additional 494 shares during the period. Axxcess Wealth Management LLC’s holdings in Dollar General were worth $462,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DG. Robeco Institutional Asset Management B.V. grew its holdings in shares of Dollar General by 22.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 17,231 shares of the company’s stock worth $1,823,000 after buying an additional 3,197 shares during the last quarter. Lindbrook Capital LLC raised its stake in shares of Dollar General by 12.3% during the third quarter. Lindbrook Capital LLC now owns 785 shares of the company’s stock worth $83,000 after purchasing an additional 86 shares during the last quarter. Castleview Partners LLC lifted its holdings in shares of Dollar General by 42.7% during the third quarter. Castleview Partners LLC now owns 344 shares of the company’s stock worth $36,000 after purchasing an additional 103 shares during the period. IFM Investors Pty Ltd grew its position in Dollar General by 4.8% in the 3rd quarter. IFM Investors Pty Ltd now owns 42,900 shares of the company’s stock valued at $4,539,000 after buying an additional 1,971 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Dollar General by 2.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 63,085 shares of the company’s stock valued at $6,674,000 after buying an additional 1,220 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DG. Oppenheimer restated a “market perform” rating on shares of Dollar General in a research note on Wednesday, March 6th. Raymond James lifted their price objective on Dollar General from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Argus boosted their target price on Dollar General from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Wells Fargo & Company raised their price target on Dollar General from $125.00 to $155.00 and gave the company an “equal weight” rating in a report on Friday, March 15th. Finally, Truist Financial upped their price objective on Dollar General from $125.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, March 15th. Fifteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Dollar General currently has a consensus rating of “Hold” and a consensus target price of $153.08.

Dollar General Price Performance

DG opened at $139.92 on Wednesday. Dollar General Co. has a twelve month low of $101.09 and a twelve month high of $221.50. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92. The firm has a market cap of $30.74 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 2.46 and a beta of 0.44. The company has a fifty day simple moving average of $149.93 and a 200 day simple moving average of $137.15.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, March 14th. The company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.09. The business had revenue of $9.86 billion for the quarter, compared to analyst estimates of $9.77 billion. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.96 EPS. Equities research analysts expect that Dollar General Co. will post 7.28 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date was Monday, April 8th. Dollar General’s dividend payout ratio (DPR) is 31.22%.

Insider Activity at Dollar General

In other news, Director Ralph Santana sold 3,009 shares of the stock in a transaction that occurred on Thursday, April 11th. The shares were 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 $505,778.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Carman R. Wenkoff sold 5,909 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of the sale, the executive vice president now directly owns 28,579 shares in the company, valued at $4,636,371.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total transaction of $468,561.48. Following the completion of the transaction, the director now owns 3,248 shares in the company, valued at approximately $505,778.56. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

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.