Bokf Na Acquires 4,177 Shares of Dollar General Co. (NYSE:DG)

Bokf Na boosted its holdings in Dollar General Co. (NYSE:DG) by 214.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,121 shares of the company’s stock after purchasing an additional 4,177 shares during the period. Bokf Na’s holdings in Dollar General were worth $963,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. bought a new stake in Dollar General during the 4th quarter valued at $25,000. Burkett Financial Services LLC purchased a new stake in shares of Dollar General during the fourth quarter worth about $26,000. Fortis Group Advisors LLC grew its stake in shares of Dollar General by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock worth $27,000 after purchasing an additional 100 shares during the last quarter. MV Capital Management Inc. increased its holdings 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. Finally, Montag A & Associates Inc. bought a new position in Dollar General during the 4th quarter valued at approximately $37,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DG has been the topic of several research analyst reports. Evercore ISI reduced their price target on shares of Dollar General from $151.00 to $148.00 and set an “in-line” rating on the stock in a research report on Tuesday, July 2nd. Loop Capital boosted their target price on shares of Dollar General from $135.00 to $140.00 and gave the company a “hold” rating in a report on Friday, June 28th. Wells Fargo & Company lowered their price target on shares of Dollar General from $155.00 to $145.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 4th. Piper Sandler cut their price objective on shares of Dollar General from $147.00 to $141.00 and set a “neutral” rating on the stock in a report on Friday, May 31st. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $170.00 target price on shares of Dollar General in a report on Thursday, May 30th. Twelve research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $147.86.

Dollar General Stock Performance

NYSE DG traded down $1.12 on Monday, hitting $116.97. 217,297 shares of the company traded hands, compared to its average volume of 2,414,928. The company has a current ratio of 1.22, a quick ratio of 0.18 and a debt-to-equity ratio of 0.89. The business’s 50 day moving average price is $129.76 and its 200-day moving average price is $138.99. The company has a market capitalization of $25.72 billion, a price-to-earnings ratio of 17.19, a P/E/G ratio of 2.32 and a beta of 0.43. Dollar General Co. has a 52-week low of $101.09 and a 52-week high of $171.73.

Dollar General (NYSE:DG) last released its 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. 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 analyst estimates of $9.89 billion. During the same period in the prior year, the firm posted $2.34 EPS. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. Equities analysts expect that Dollar General Co. will post 7.21 earnings per share for the current year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th were paid a $0.59 dividend. The ex-dividend date was Tuesday, July 9th. This represents a $2.36 dividend on an annualized basis and a yield of 2.02%. Dollar General’s payout ratio is presently 34.35%.

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.