20,600 Shares in Dollar General Co. (NYSE:DG) Purchased by Hennessy Advisors Inc.

Hennessy Advisors Inc. bought a new position in Dollar General Co. (NYSE:DG) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,600 shares of the company’s stock, valued at approximately $3,215,000.

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

Insider Buying and Selling at Dollar General

In other news, Director Ralph Santana sold 3,009 shares of the stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following the sale, the director now directly owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Carman R. Wenkoff sold 5,909 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 28,579 shares in the company, valued at approximately $4,636,371.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $468,561.48. Following the transaction, the director now owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

Dollar General Stock Performance

NYSE:DG traded up $1.68 during mid-day trading on Friday, hitting $131.96. The company’s stock had a trading volume of 2,094,446 shares, compared to its average volume of 2,418,988. Dollar General Co. has a 1 year low of $101.09 and a 1 year high of $173.47. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.22 and a quick ratio of 0.18. The stock has a market cap of $29.02 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 2.54 and a beta of 0.45. The business’s fifty day moving average is $136.33 and its two-hundred day moving average is $139.91.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, May 30th. The company reported $1.65 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $9.89 billion. During the same period in the prior year, the company earned $2.34 earnings per share. The firm’s revenue was up 6.1% on a year-over-year basis. Analysts anticipate that Dollar General Co. will post 7.21 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.79%. The ex-dividend date is Tuesday, July 9th. Dollar General’s payout ratio is 34.35%.

Analysts Set New Price Targets

A number of research firms have commented on DG. Telsey Advisory Group reissued an “outperform” rating and set a $170.00 target price on shares of Dollar General in a research report on Thursday, May 30th. BMO Capital Markets lowered their price target on shares of Dollar General from $150.00 to $140.00 and set a “market perform” rating on the stock in a report on Friday, May 31st. Oppenheimer restated a “market perform” rating on shares of Dollar General in a report on Wednesday, March 6th. Truist Financial lowered their price target on shares of Dollar General from $140.00 to $135.00 and set a “hold” rating on the stock in a report on Friday, May 31st. Finally, Argus raised their price target on shares of Dollar General from $160.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Twelve analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $148.23.

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.