Massmutual Trust Co. FSB ADV boosted its position in shares of Dollar General Corp. (NYSE:DG) by 765.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,489 shares of the company’s stock after buying an additional 30,506 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Dollar General were worth $3,277,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Cerebellum GP LLC purchased a new stake in Dollar General during the fourth quarter valued at approximately $130,000. Pin Oak Investment Advisors Inc. purchased a new stake in shares of Dollar General in the fourth quarter worth approximately $142,000. Calton & Associates Inc. purchased a new stake in shares of Dollar General in the fourth quarter worth approximately $144,000. Fieldpoint Private Securities LLC purchased a new stake in shares of Dollar General in the third quarter worth approximately $195,000. Finally, Premia Global Advisors LLC purchased a new stake in shares of Dollar General in the fourth quarter worth approximately $195,000. 90.86% of the stock is owned by institutional investors.
DG has been the topic of several recent analyst reports. BMO Capital Markets set a $102.00 price target on Dollar General and gave the stock a “hold” rating in a report on Friday, December 8th. Raymond James Financial set a $107.00 target price on Dollar General and gave the company a “buy” rating in a research report on Saturday, December 9th. ValuEngine cut Dollar General from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Zacks Investment Research cut Dollar General from a “buy” rating to a “hold” rating in a research report on Monday, December 11th. Finally, Deutsche Bank raised their price objective on Dollar General to $97.00 and gave the stock a “buy” rating in a research report on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Dollar General currently has an average rating of “Buy” and an average price target of $95.60.
Dollar General stock opened at $92.31 on Thursday. The stock has a market capitalization of $25,366.75, a price-to-earnings ratio of 16.43, a P/E/G ratio of 1.12 and a beta of 1.05. 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 Corp. has a 52 week low of $65.97 and a 52 week high of $105.82.
Dollar General (NYSE:DG) last issued its earnings results on Thursday, March 15th. The company reported $1.48 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.48. The company had revenue of $6.13 billion during the quarter, compared to analyst estimates of $6.20 billion. Dollar General had a return on equity of 21.65% and a net margin of 6.55%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the business posted $1.49 EPS. analysts forecast that Dollar General Corp. will post 6.07 earnings per share for the current fiscal 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 paid a $0.29 dividend. This is a positive change from Dollar General’s previous quarterly dividend of $0.26. This represents a $1.16 dividend on an annualized basis and a yield of 1.26%. Dollar General’s dividend payout ratio (DPR) is 18.37%.
Dollar General declared that its board has authorized a share buyback plan on Thursday, March 15th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.
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Dollar General Company 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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