Meadow Creek Investment Management LLC grew its position in Dollar General (NYSE:DG) by 4.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,204 shares of the company’s stock after acquiring an additional 2,968 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in Dollar General were worth $5,971,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in DG. Cerebellum GP LLC bought a new stake in shares of Dollar General in the 4th quarter worth approximately $130,000. Calton & Associates Inc. bought a new stake in shares of Dollar General in the 4th quarter worth approximately $144,000. Fieldpoint Private Securities LLC bought a new stake in shares of Dollar General in the 3rd quarter worth approximately $195,000. Premia Global Advisors LLC bought a new position in shares of Dollar General during the 4th quarter worth approximately $195,000. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of Dollar General by 104.9% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,153 shares of the company’s stock worth $200,000 after buying an additional 1,102 shares during the period. Institutional investors own 90.87% of the company’s stock.
NYSE DG opened at $94.97 on Friday. The firm has a market capitalization of $25,798.54, a PE ratio of 21.15, a PEG ratio of 1.08 and a beta of 1.02. Dollar General has a 52 week low of $65.97 and a 52 week high of $105.82. The company has a quick ratio of 0.22, a current ratio of 1.43 and a debt-to-equity ratio of 0.43.
Dollar General (NYSE:DG) last released its earnings results on Thursday, March 15th. The company reported $1.48 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.48. The company had revenue of $6.13 billion during the quarter, compared to analysts’ expectations of $6.20 billion. Dollar General had a return on equity of 21.65% and a net margin of 6.55%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period last year, the firm earned $1.49 EPS. equities research analysts expect that Dollar General will post 6.01 EPS for the current year.
Dollar General announced that its Board of Directors has approved a share repurchase program on Thursday, March 15th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
The company 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 $0.29 dividend. This is a boost from Dollar General’s previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Monday, April 9th. Dollar General’s dividend payout ratio (DPR) is 23.16%.
In other news, SVP Michael J. Kindy sold 8,221 shares of Dollar General 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 completion of the sale, the senior vice president now directly owns 9,850 shares of the company’s stock, valued at approximately $916,542.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.22% of the stock is currently owned by company insiders.
Several equities analysts recently commented on DG shares. Telsey Advisory Group raised their target price on Dollar General from $86.00 to $98.00 and gave the stock a “market perform” rating in a research report on Friday, December 8th. BMO Capital Markets set a $102.00 target price on Dollar General and gave the stock a “hold” rating in a research report on Friday, December 8th. Raymond James Financial set a $107.00 target price on Dollar General and gave the stock a “buy” rating in a research report on Saturday, December 9th. Zacks Investment Research downgraded Dollar General from a “buy” rating to a “hold” rating in a research report on Monday, December 11th. Finally, Wolfe Research upgraded Dollar General from an “underperform” rating to an “outperform” rating in a research report on Wednesday, December 20th. Twelve analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $98.00.
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About Dollar General
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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