Hussman Strategic Advisors Inc. acquired a new position in shares of Dollar General (NYSE:DG) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 35,000 shares of the company’s stock, valued at approximately $3,274,000.
A number of other institutional investors have also recently modified their holdings of DG. Cerebellum GP LLC acquired a new position in Dollar General in the fourth quarter valued at approximately $130,000. Calton & Associates Inc. acquired a new stake in Dollar General in the fourth quarter worth $144,000. Pin Oak Investment Advisors Inc. acquired a new stake in Dollar General in the fourth quarter worth $142,000. Premia Global Advisors LLC acquired a new stake in Dollar General in the fourth quarter worth $195,000. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in Dollar General by 104.9% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,153 shares of the company’s stock worth $200,000 after purchasing an additional 1,102 shares during the period. 90.69% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently issued reports on DG. ValuEngine raised shares of Dollar General from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Loop Capital increased their price target on shares of Dollar General from $87.00 to $97.00 and gave the company a “hold” rating in a research note on Thursday, March 15th. They noted that the move was a valuation call. JPMorgan Chase upgraded shares of Dollar General from a “neutral” rating to an “overweight” rating and set a $70.00 price target for the company in a research note on Tuesday, April 17th. Royal Bank of Canada cut their target price on shares of Dollar General to $101.00 and set an “outperform” rating for the company in a research note on Wednesday, March 14th. Finally, Wells Fargo upgraded shares of Dollar General from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $102.27 to $117.00 in a research note on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Dollar General presently has a consensus rating of “Buy” and a consensus price target of $98.57.
In other news, SVP Anita C. Elliott sold 3,000 shares of the company’s stock in a transaction on Wednesday, April 18th. The shares were sold at an average price of $100.87, for a total value of $302,610.00. Following the completion of the sale, the senior vice president now owns 11,313 shares in the company, valued at approximately $1,141,142.31. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Anita C. Elliott sold 1,892 shares of the stock in a transaction dated Tuesday, April 10th. The shares were sold at an average price of $95.75, for a total transaction of $181,159.00. Following the transaction, the chief accounting officer now owns 14,313 shares of the company’s stock, valued at approximately $1,370,469.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,987 shares of company stock valued at $2,242,255. Company insiders own 0.41% of the company’s stock.
Dollar General stock opened at $96.67 on Friday. The firm has a market cap of $26.12 billion, a P/E ratio of 21.53, a P/E/G ratio of 1.09 and a beta of 1.01. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.22 and a current ratio of 1.43. Dollar General has a 12-month low of $94.05 and a 12-month high of $97.38.
Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, March 15th. The company reported $1.48 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.48. Dollar General had a net margin of 6.55% and a return on equity of 21.65%. The business had revenue of $6.13 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the previous year, the business posted $1.49 EPS. Dollar General’s quarterly revenue was up 2.0% on a year-over-year basis. equities research analysts expect that Dollar General will post 6.01 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 24th. Stockholders of record on Tuesday, April 10th were paid a $0.29 dividend. This is a positive change from Dollar General’s previous quarterly dividend of $0.26. The ex-dividend date was Monday, April 9th. This represents a $1.16 annualized dividend and a dividend yield of 1.20%. Dollar General’s dividend payout ratio is presently 25.84%.
Dollar General announced that its board has approved a stock buyback plan on Thursday, March 15th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.
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.
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