Arbor Wealth Management LLC grew its stake in Dollar General Corp. (NYSE:DG) by 1.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 73,281 shares of the company’s stock after acquiring an additional 1,282 shares during the period. Dollar General comprises 5.2% of Arbor Wealth Management LLC’s investment portfolio, making the stock its biggest holding. Arbor Wealth Management LLC’s holdings in Dollar General were worth $6,100,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Sun Life Financial INC raised its stake in shares of Dollar General by 18,170.0% in the 2nd quarter. Sun Life Financial INC now owns 1,827 shares of the company’s stock valued at $132,000 after acquiring an additional 1,817 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Dollar General by 2.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock valued at $146,000 after acquiring an additional 48 shares during the period. Welch Group LLC raised its stake in shares of Dollar General by 27.1% in the 2nd quarter. Welch Group LLC now owns 2,267 shares of the company’s stock valued at $163,000 after acquiring an additional 483 shares during the period. Meeder Asset Management Inc. raised its stake in shares of Dollar General by 22,950.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 2,305 shares of the company’s stock valued at $187,000 after acquiring an additional 2,295 shares during the period. Finally, Sigma Planning Corp purchased a new stake in shares of Dollar General in the 2nd quarter valued at approximately $202,000. 89.90% of the stock is currently owned by institutional investors and hedge funds.
Dollar General Corp. (NYSE:DG) opened at $93.38 on Monday. The company has a current ratio of 1.41, a quick ratio of 0.19 and a debt-to-equity ratio of 0.47. Dollar General Corp. has a twelve month low of $65.97 and a twelve month high of $96.60. The company has a market cap of $25,358.61, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 1.85 and a beta of 0.96.
Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, December 7th. The company reported $0.93 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.01). Dollar General had a return on equity of 22.58% and a net margin of 5.31%. The firm had revenue of $5.90 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same quarter last year, the firm earned $0.89 EPS. The company’s revenue was up 11.0% on a year-over-year basis. equities analysts forecast that Dollar General Corp. will post 4.49 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.11%. The ex-dividend date is Monday, January 8th. Dollar General’s dividend payout ratio (DPR) is presently 23.01%.
In other Dollar General news, EVP Robert D. Ravener sold 11,257 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $77.00, for a total transaction of $866,789.00. Following the completion of the transaction, the executive vice president now owns 22,598 shares in the company, valued at approximately $1,740,046. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.32% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. Raymond James Financial set a $107.00 price target on shares of Dollar General and gave the company a “buy” rating in a research note on Saturday. Zacks Investment Research downgraded shares of Dollar General from a “buy” rating to a “hold” rating in a research note on Monday. Telsey Advisory Group boosted their price target on shares of Dollar General from $86.00 to $98.00 and gave the company a “market perform” rating in a research note on Friday. BMO Capital Markets set a $102.00 target price on shares of Dollar General and gave the stock a “hold” rating in a research note on Friday. Finally, Deutsche Bank upped their target price on shares of Dollar General to $97.00 and gave the stock a “buy” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Dollar General presently has an average rating of “Hold” and an average price target of $85.54.
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About Dollar General
Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.
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