Empirical Finance LLC Has $1.28 Million Stock Position in Dollar General Co. (NYSE:DG)

Empirical Finance LLC lifted its stake in Dollar General Co. (NYSE:DG) by 3.3% during the first quarter, Holdings Channel.com reports. The fund owned 8,219 shares of the company’s stock after buying an additional 264 shares during the period. Empirical Finance LLC’s holdings in Dollar General were worth $1,283,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Massmutual Trust Co. FSB ADV grew its holdings in Dollar General by 12.4% during the first quarter. Massmutual Trust Co. FSB ADV now owns 689 shares of the company’s stock worth $108,000 after purchasing an additional 76 shares during the period. Fidelis Capital Partners LLC grew its holdings in Dollar General by 3.3% during the first quarter. Fidelis Capital Partners LLC now owns 2,425 shares of the company’s stock worth $378,000 after purchasing an additional 77 shares during the period. ORG Partners LLC grew its holdings in Dollar General by 13.2% during the fourth quarter. ORG Partners LLC now owns 754 shares of the company’s stock worth $103,000 after purchasing an additional 88 shares during the period. Rise Advisors LLC grew its holdings in Dollar General by 14.8% during the first quarter. Rise Advisors LLC now owns 700 shares of the company’s stock worth $109,000 after purchasing an additional 90 shares during the period. Finally, Horrell Capital Management Inc. grew its holdings in Dollar General by 0.3% during the fourth quarter. Horrell Capital Management Inc. now owns 29,224 shares of the company’s stock worth $3,973,000 after purchasing an additional 94 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Up 0.6 %

Shares of DG opened at $132.42 on Friday. The firm has a 50 day simple moving average of $133.43 and a two-hundred day simple moving average of $139.85. The company has a market cap of $29.12 billion, a P/E ratio of 19.28, a P/E/G ratio of 2.59 and a beta of 0.43. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.22 and a quick ratio of 0.18. Dollar General Co. has a one year low of $101.09 and a one year high of $173.47.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, May 30th. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.08. The company had revenue of $9.91 billion during the quarter, compared to the consensus estimate of $9.89 billion. Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.34 earnings per share. Research analysts forecast that Dollar General Co. will post 7.21 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, July 9th. This represents a $2.36 annualized dividend and a dividend yield of 1.78%. Dollar General’s dividend payout ratio is 34.35%.

Analyst Upgrades and Downgrades

DG has been the subject of a number of research analyst reports. Evercore ISI reduced their price target on Dollar General from $151.00 to $148.00 and set an “in-line” rating for the company in a report on Tuesday, July 2nd. Wells Fargo & Company reduced their price objective on Dollar General from $155.00 to $145.00 and set an “equal weight” rating for the company in a report on Tuesday, June 4th. BMO Capital Markets reduced their price objective on Dollar General from $150.00 to $140.00 and set a “market perform” rating for the company in a report on Friday, May 31st. Truist Financial reduced their price objective on Dollar General from $140.00 to $135.00 and set a “hold” rating for the company in a report on Friday, May 31st. Finally, Loop Capital boosted their price objective on Dollar General from $135.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, June 28th. Twelve equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $148.09.

Dollar General 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.