Crewe Advisors LLC Makes New Investment in Dollar General Co. (NYSE:DG)

Crewe Advisors LLC purchased a new position in Dollar General Co. (NYSE:DG) during the 1st quarter, Holdings Channel.com reports. The firm purchased 257 shares of the company’s stock, valued at approximately $40,000.

Other hedge funds also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV raised its holdings in Dollar General by 12.4% in 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 in the last quarter. Fidelis Capital Partners LLC boosted its stake in Dollar General by 3.3% in the first quarter. Fidelis Capital Partners LLC now owns 2,425 shares of the company’s stock valued at $378,000 after acquiring an additional 77 shares in the last quarter. ORG Partners LLC grew its holdings in Dollar General by 13.2% in 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 last quarter. Rise Advisors LLC increased its position in shares of 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 in the last quarter. Finally, MV Capital Management Inc. lifted its holdings in shares of 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 last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Price Performance

DG stock traded up $0.54 during trading on Friday, hitting $118.85. The stock had a trading volume of 290,904 shares, compared to its average volume of 2,421,615. Dollar General Co. has a twelve month low of $101.09 and a twelve month high of $173.47. The company’s 50-day moving average price is $130.25 and its two-hundred day moving average price is $139.05. 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 capitalization of $26.14 billion, a P/E ratio of 17.22, a PEG ratio of 2.30 and a beta of 0.43.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, May 30th. The company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.08. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The firm had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.89 billion. During the same period in the previous year, the company posted $2.34 earnings per share. The business’s revenue was up 6.1% on a year-over-year basis. As a group, research analysts predict that Dollar General Co. will post 7.21 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Tuesday, July 9th. Dollar General’s dividend payout ratio (DPR) is currently 34.35%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. BMO Capital Markets reduced their target price on Dollar General from $150.00 to $140.00 and set a “market perform” rating on the stock in a research report on Friday, May 31st. Telsey Advisory Group restated an “outperform” rating and set a $170.00 price objective on shares of Dollar General in a report on Thursday, May 30th. Piper Sandler dropped their target price on shares of Dollar General from $147.00 to $141.00 and set a “neutral” rating on the stock in a research report on Friday, May 31st. Argus decreased their price target on shares of Dollar General from $175.00 to $170.00 and set a “buy” rating for the company in a report on Monday, July 15th. Finally, Wells Fargo & Company dropped their price objective on shares of Dollar General from $155.00 to $145.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 4th. Twelve research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Dollar General presently has a consensus rating of “Hold” and a consensus price target of $147.86.

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.