Teachers Advisors LLC lowered its position in Dollar General Corp. (NYSE:DG) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 494,138 shares of the company’s stock after selling 6,411 shares during the period. Teachers Advisors LLC owned 0.18% of Dollar General worth $45,960,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in DG. Van Den Berg Management I Inc. grew its holdings in Dollar General by 45.3% during the third quarter. Van Den Berg Management I Inc. now owns 170,261 shares of the company’s stock valued at $13,800,000 after purchasing an additional 53,105 shares during the last quarter. Jackson Square Partners LLC grew its holdings in Dollar General by 12.3% during the third quarter. Jackson Square Partners LLC now owns 3,785,080 shares of the company’s stock valued at $306,780,000 after purchasing an additional 415,584 shares during the last quarter. Washington Capital Management Inc. acquired a new position in Dollar General during the fourth quarter valued at approximately $344,000. Venturi Wealth Management LLC grew its holdings in Dollar General by 33.3% during the third quarter. Venturi Wealth Management LLC now owns 8,000 shares of the company’s stock valued at $655,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Burney Co. grew its holdings in Dollar General by 15.4% during the fourth quarter. Burney Co. now owns 16,355 shares of the company’s stock valued at $1,521,000 after purchasing an additional 2,178 shares during the last quarter. Hedge funds and other institutional investors own 90.86% of the company’s stock.
DG has been the topic of several analyst reports. Zacks Investment Research downgraded Dollar General from a “buy” rating to a “hold” rating in a report on Monday, December 11th. Telsey Advisory Group upgraded Dollar General from a “market perform” rating to an “outperform” rating and increased their price target for the company from $98.00 to $120.00 in a report on Thursday, January 25th. Wolfe Research upgraded Dollar General from an “underperform” rating to an “outperform” rating in a report on Wednesday, December 20th. Deutsche Bank increased their price target on Dollar General to $97.00 and gave the company a “buy” rating in a report on Thursday, December 7th. Finally, MKM Partners increased their price target on Dollar General to $96.00 and gave the company a “buy” rating in a report on Monday, November 20th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Dollar General has an average rating of “Buy” and an average target price of $95.60.
Dollar General stock opened at $95.43 on Monday. The company has a market capitalization of $25,915.31, a price-to-earnings ratio of 20.79, a P/E/G ratio of 1.37 and a beta of 1.05. Dollar General Corp. has a 12-month low of $65.97 and a 12-month high of $105.82. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.43 and a quick ratio of 0.22.
Dollar General (NYSE:DG) last issued its earnings results on Thursday, March 15th. The company reported $1.48 EPS for the quarter, hitting the consensus estimate of $1.48. The firm had revenue of $6.13 billion during the quarter, compared to analysts’ expectations of $6.20 billion. Dollar General had a return on equity of 21.65% and a net margin of 6.55%. Dollar General’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the business earned $1.49 earnings per share. analysts predict that Dollar General Corp. will post 6.05 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 24th. Investors of record on Tuesday, April 10th will be given a $0.29 dividend. This is a boost from Dollar General’s previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a yield of 1.22%. Dollar General’s dividend payout ratio (DPR) is 18.37%.
Dollar General declared that its Board of Directors has approved a stock repurchase program on Thursday, March 15th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.
Dollar General Profile
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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