Stifel Financial Corp raised its stake in Dollar General Corp. (NYSE:DG) by 6.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,984 shares of the company’s stock after buying an additional 2,335 shares during the quarter. Stifel Financial Corp’s holdings in Dollar General were worth $2,926,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. OxFORD Asset Management LLP bought a new position in shares of Dollar General during the 3rd quarter worth approximately $1,718,000. Van Den Berg Management I Inc. boosted its stake in shares of Dollar General by 45.3% during the 3rd quarter. Van Den Berg Management I Inc. now owns 170,261 shares of the company’s stock worth $13,800,000 after acquiring an additional 53,105 shares during the period. Commerzbank Aktiengesellschaft FI bought a new position in shares of Dollar General during the 3rd quarter worth approximately $213,000. Skandinaviska Enskilda Banken AB publ boosted its stake in Dollar General by 2.0% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 50,298 shares of the company’s stock valued at $4,077,000 after purchasing an additional 1,000 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Dollar General by 1.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,341,388 shares of the company’s stock valued at $108,710,000 after purchasing an additional 25,619 shares during the period. 90.23% of the stock is currently owned by institutional investors.
In related news, SVP Michael J. Kindy sold 7,536 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $90.64, for a total value of $683,063.04. Following the sale, the senior vice president now owns 7,578 shares in the company, valued at $686,869.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Anita C. Elliott sold 2,012 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $92.82, for a total value of $186,753.84. Following the sale, the senior vice president now owns 14,969 shares in the company, valued at approximately $1,389,422.58. The disclosure for this sale can be found here. Insiders sold 20,916 shares of company stock valued at $1,924,881 over the last ninety days. Corporate insiders own 0.32% of the company’s stock.
Shares of Dollar General Corp. (NYSE DG) traded up $3.41 on Thursday, hitting $98.19. The company had a trading volume of 3,020,941 shares, compared to its average volume of 2,760,000. The company has a quick ratio of 0.19, a current ratio of 1.41 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $26,660.00, a P/E ratio of 21.77, a price-to-earnings-growth ratio of 1.89 and a beta of 0.95. Dollar General Corp. has a one year low of $65.97 and a one year high of $98.33.
Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, December 7th. The company reported $0.93 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.01). Dollar General had a net margin of 5.31% and a return on equity of 22.58%. The business had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $5.80 billion. During the same period in the previous year, the business posted $0.89 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. sell-side analysts anticipate that Dollar General Corp. will post 4.48 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Monday, January 8th. Dollar General’s payout ratio is currently 23.06%.
Several equities analysts have weighed in on the company. Buckingham Research boosted their price target on Dollar General from $93.00 to $98.00 and gave the stock a “neutral” rating in a report on Thursday. Wolfe Research upgraded Dollar General from an “underperform” rating to an “outperform” rating in a research report on Wednesday, December 20th. Zacks Investment Research lowered Dollar General from a “buy” rating to a “hold” rating in a research report on Monday, December 11th. Raymond James Financial set a $107.00 price objective on Dollar General and gave the stock a “buy” rating in a research report on Saturday, December 9th. Finally, BMO Capital Markets set a $102.00 price target on Dollar General and gave the company a “hold” rating in a research report on Friday, December 8th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $86.54.
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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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