Roman Butler Fullerton & Co. Makes New Investment in Dollar General Corporation (NYSE:DG)

Roman Butler Fullerton & Co. bought a new position in Dollar General Corporation (NYSE:DG) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 2,469 shares of the company’s stock, valued at approximately $218,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. IMG Wealth Management Inc. purchased a new position in shares of Dollar General during the 4th quarter worth $25,000. Altshuler Shaham Ltd purchased a new position in shares of Dollar General during the 4th quarter worth $25,000. Ameriflex Group Inc. purchased a new position in shares of Dollar General during the 4th quarter worth $31,000. Providence First Trust Co purchased a new position in shares of Dollar General during the 4th quarter worth $33,000. Finally, OFI Invest Asset Management purchased a new position in shares of Dollar General during the 4th quarter worth $37,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DG has been the subject of a number of research analyst reports. Raymond James Financial increased their price target on Dollar General from $100.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, June 4th. Jefferies Financial Group reiterated a “buy” rating on shares of Dollar General in a report on Tuesday, June 3rd. Sanford C. Bernstein set a $120.00 target price on Dollar General in a report on Friday, May 23rd. The Goldman Sachs Group raised their target price on Dollar General from $96.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Finally, Barclays raised their target price on Dollar General from $100.00 to $119.00 and gave the company an “overweight” rating in a report on Wednesday, June 4th. Fifteen analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Dollar General has a consensus rating of “Moderate Buy” and an average target price of $109.04.

Insiders Place Their Bets

In other Dollar General news, EVP Emily C. Taylor sold 1,969 shares of Dollar General stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total transaction of $222,497.00. Following the transaction, the executive vice president now owns 46,563 shares of the company’s stock, valued at $5,261,619. The trade was a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Kathleen A. Reardon sold 6,438 shares of Dollar General stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $111.56, for a total value of $718,223.28. Following the transaction, the executive vice president now directly owns 41,646 shares in the company, valued at approximately $4,646,027.76. This trade represents a 13.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,216 shares of company stock valued at $1,017,349 over the last quarter. Company insiders own 0.56% of the company’s stock.

Dollar General Price Performance

Shares of NYSE DG opened at $112.27 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.20 and a current ratio of 1.23. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $135.46. The firm has a market capitalization of $24.71 billion, a PE ratio of 21.43, a price-to-earnings-growth ratio of 2.96 and a beta of 0.26. The stock’s 50-day simple moving average is $98.49 and its 200-day simple moving average is $84.57.

Dollar General (NYSE:DG) last issued its earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.32. Dollar General had a return on equity of 17.93% and a net margin of 2.81%. The business had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.25 billion. During the same quarter last year, the company earned $1.65 EPS. The business’s quarterly revenue was up 5.3% on a year-over-year basis. As a group, equities research analysts forecast that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Tuesday, July 8th. Dollar General’s dividend payout ratio (DPR) is presently 45.04%.

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.