Measured Wealth Private Client Group LLC bought a new stake in shares of Dollar General Corp. (NYSE:DG) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,140 shares of the company’s stock, valued at approximately $255,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Independent Advisor Alliance purchased a new stake in Dollar General in the 1st quarter worth about $842,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Dollar General by 7.2% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,369 shares of the company’s stock worth $1,834,000 after purchasing an additional 1,028 shares during the period. Thoroughbred Financial Services LLC raised its position in Dollar General by 14.7% in the 1st quarter. Thoroughbred Financial Services LLC now owns 5,511 shares of the company’s stock worth $657,000 after purchasing an additional 707 shares during the period. New York State Teachers Retirement System raised its position in Dollar General by 1.4% in the 1st quarter. New York State Teachers Retirement System now owns 386,396 shares of the company’s stock worth $46,097,000 after purchasing an additional 5,200 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD raised its position in Dollar General by 5.0% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 20,285 shares of the company’s stock worth $2,420,000 after purchasing an additional 975 shares during the period. Hedge funds and other institutional investors own 97.34% of the company’s stock.
In related news, EVP Robert D. Ravener sold 38,659 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $119.84, for a total transaction of $4,632,894.56. Following the completion of the sale, the executive vice president now owns 39,739 shares of the company’s stock, valued at $4,762,321.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Rhonda Taylor sold 16,636 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $119.64, for a total transaction of $1,990,331.04. Following the sale, the executive vice president now directly owns 33,513 shares of the company’s stock, valued at approximately $4,009,495.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 143,255 shares of company stock worth $17,037,351. Insiders own 0.55% of the company’s stock.
NYSE DG opened at $119.87 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.19 and a current ratio of 1.55. Dollar General Corp. has a 52-week low of $86.87 and a 52-week high of $126.84. The company has a market cap of $30.59 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 1.48 and a beta of 0.72.
Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, March 14th. The company reported $1.84 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.89 by ($0.05). Dollar General had a net margin of 6.20% and a return on equity of 25.04%. The business had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $6.61 billion. During the same quarter in the prior year, the business posted $1.48 earnings per share. Dollar General’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, equities analysts predict that Dollar General Corp. will post 6.42 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were paid a dividend of $0.32 per share. The ex-dividend date was Monday, April 8th. This is an increase from Dollar General’s previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.07%. Dollar General’s dividend payout ratio (DPR) is currently 21.44%.
A number of research firms recently weighed in on DG. Loop Capital raised shares of Dollar General from a “hold” rating to a “buy” rating and increased their price objective for the stock from $105.00 to $152.00 in a research report on Tuesday, April 30th. Morgan Stanley upped their target price on shares of Dollar General from $118.00 to $129.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. Bank of America set a $133.00 target price on shares of Dollar General and gave the stock a “buy” rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. upped their target price on shares of Dollar General from $121.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. Finally, Zacks Investment Research downgraded shares of Dollar General from a “hold” rating to a “sell” rating in a research note on Monday, March 25th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. Dollar General currently has an average rating of “Buy” and a consensus target price of $122.55.
Dollar General Company 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, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.
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