Raub Brock Capital Management LP Has $18.17 Million Stake in Dollar General Co. (NYSE:DG)

Raub Brock Capital Management LP boosted its position in Dollar General Co. (NYSE:DG) by 30.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 116,453 shares of the company’s stock after buying an additional 27,273 shares during the quarter. Dollar General makes up about 3.8% of Raub Brock Capital Management LP’s holdings, making the stock its 13th biggest position. Raub Brock Capital Management LP’s holdings in Dollar General were worth $18,174,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. McGlone Suttner Wealth Management Inc. bought a new position in shares of Dollar General in the fourth quarter worth about $25,000. Studio Investment Management LLC acquired a new stake in Dollar General during the third quarter worth about $26,000. Burkett Financial Services LLC acquired a new stake in Dollar General during the fourth quarter worth about $26,000. Fortis Group Advisors LLC grew its position in Dollar General by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock worth $27,000 after buying an additional 100 shares in the last quarter. Finally, MV Capital Management Inc. boosted 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 valued at $30,000 after purchasing an additional 96 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Dollar General Stock Down 1.3 %

NYSE DG traded down $1.68 on Tuesday, reaching $128.90. The company had a trading volume of 207,174 shares, compared to its average volume of 2,467,395. The company’s fifty day moving average is $135.77 and its 200-day moving average is $140.07. 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 quick ratio of 0.18 and a current ratio of 1.22. The firm has a market capitalization of $28.35 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 2.60 and a beta of 0.43.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, May 30th. The company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $9.89 billion. During the same period in the prior year, the business posted $2.34 EPS. The company’s quarterly revenue was up 6.1% on a year-over-year basis. On average, research analysts forecast that Dollar General Co. will post 7.21 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 23rd. Stockholders of record on Tuesday, July 9th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, July 9th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.83%. Dollar General’s dividend payout ratio is 34.35%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on DG shares. Morgan Stanley lifted their price objective on Dollar General from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, March 15th. The Goldman Sachs Group boosted their target price on Dollar General from $147.00 to $169.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Wells Fargo & Company reduced their target price on Dollar General from $155.00 to $145.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 4th. Raymond James boosted their target price on Dollar General from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Finally, Oppenheimer restated a “market perform” rating on shares of Dollar General in a research report on Wednesday, March 6th. Twelve equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $148.09.

Insider Transactions at Dollar General

In other 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 value of $958,617.07. Following the sale, the executive vice president now directly owns 28,579 shares of the company’s stock, valued at approximately $4,636,371.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $162.23, for a total value of $958,617.07. Following the transaction, the executive vice president now directly owns 28,579 shares of the company’s stock, valued at approximately $4,636,371.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ralph Santana sold 3,009 shares of the firm’s 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 transaction, the director now directly owns 3,248 shares in the company, valued at $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.