Dollar General (NYSE:DG) Stake Lessened by QS Investors LLC

QS Investors LLC decreased its position in shares of Dollar General (NYSE:DG) by 19.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,331 shares of the company’s stock after selling 1,963 shares during the quarter. QS Investors LLC’s holdings in Dollar General were worth $775,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. New York State Common Retirement Fund raised its holdings in Dollar General by 1.8% during the 3rd quarter. New York State Common Retirement Fund now owns 634,057 shares of the company’s stock worth $51,390,000 after buying an additional 11,457 shares during the period. Russell Investments Group Ltd. grew its stake in Dollar General by 4.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 301,453 shares of the company’s stock valued at $24,432,000 after acquiring an additional 12,154 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Dollar General by 8.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 86,616 shares of the company’s stock valued at $7,020,000 after acquiring an additional 6,734 shares in the last quarter. South Dakota Investment Council grew its stake in Dollar General by 42.4% during the 3rd quarter. South Dakota Investment Council now owns 34,900 shares of the company’s stock valued at $2,829,000 after acquiring an additional 10,400 shares in the last quarter. Finally, TD Asset Management Inc. grew its stake in shares of Dollar General by 4.3% in the 3rd quarter. TD Asset Management Inc. now owns 948,996 shares of the company’s stock valued at $76,916,000 after buying an additional 39,508 shares in the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

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Several equities research analysts recently commented on DG shares. Oppenheimer started coverage on Dollar General in a research note on Wednesday, January 17th. They issued an “outperform” rating and a $112.00 price target for the company. ValuEngine lowered Dollar General from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Loop Capital upped their price target on Dollar General from $87.00 to $97.00 and gave the stock a “hold” rating in a report on Thursday, March 15th. They noted that the move was a valuation call. Morgan Stanley set a $121.00 target price on Dollar General and gave the company a “buy” rating in a research note on Friday, March 16th. Finally, Wolfe Research upgraded Dollar General from an “underperform” rating to an “outperform” rating in a research note on Wednesday, December 20th. Twelve research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $98.00.

In other Dollar General news, CAO Anita C. Elliott sold 1,892 shares of Dollar General stock in a transaction on Tuesday, April 10th. The stock was sold at an average price of $95.75, for a total value of $181,159.00. Following the completion of the transaction, the chief accounting officer now directly owns 14,313 shares of the company’s stock, valued at approximately $1,370,469.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Michael J. Kindy sold 8,221 shares of the business’s stock in a transaction on Monday, March 26th. The stock was sold at an average price of $93.05, for a total value of $764,964.05. Following the transaction, the senior vice president now directly owns 9,850 shares of the company’s stock, valued at approximately $916,542.50. The disclosure for this sale can be found here. Company insiders own 0.22% of the company’s stock.

DG stock traded down $0.61 during mid-day trading on Friday, reaching $96.28. The company had a trading volume of 2,400,589 shares, compared to its average volume of 2,509,513. The company has a quick ratio of 0.22, a current ratio of 1.43 and a debt-to-equity ratio of 0.43. The company has a market cap of $26,311.79, a price-to-earnings ratio of 21.44, a P/E/G ratio of 1.10 and a beta of 1.02. Dollar General has a 52 week low of $65.97 and a 52 week high of $105.82.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, March 15th. The company reported $1.48 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.48. Dollar General had a return on equity of 21.65% and a net margin of 6.55%. The firm had revenue of $6.13 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same period last year, the company earned $1.49 earnings per share. The business’s revenue was up 2.0% compared to the same quarter last year. equities research analysts anticipate that Dollar General will post 6 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 24th. Stockholders of record on Tuesday, April 10th will be paid a dividend of $0.29 per share. This is an increase from Dollar General’s previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Monday, April 9th. Dollar General’s payout ratio is currently 25.84%.

Dollar General announced that its Board of Directors has authorized a share repurchase program on Thursday, March 15th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

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Dollar General Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products comprising paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food products, such as cereals, canned soups and vegetables, condiments, spices, sugar, and flour; perishables consisting of milk, eggs, bread, refrigerated and frozen food, beer, and wine; snacks that comprise candies, cookies, crackers, salty snacks, and carbonated beverages; health and beauty products, such as over-the-counter medicines, as well as soap, body wash, shampoo, dental hygiene, and foot care products; pet products, which include pet supplies and pet food; and tobacco products.

Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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