Lido Advisors LLC acquired a new position in shares of Dollar General (NYSE:DG) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,165 shares of the company’s stock, valued at approximately $573,000.
Several other large investors have also recently modified their holdings of the company. Cerebellum GP LLC acquired a new stake in shares of Dollar General in the fourth quarter valued at about $130,000. Calton & Associates Inc. acquired a new stake in shares of Dollar General in the fourth quarter valued at about $144,000. Fieldpoint Private Securities LLC acquired a new stake in shares of Dollar General in the third quarter valued at about $195,000. Premia Global Advisors LLC acquired a new stake in shares of Dollar General in the fourth quarter valued at about $195,000. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in shares of Dollar General by 104.9% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,153 shares of the company’s stock valued at $200,000 after purchasing an additional 1,102 shares during the period. 90.87% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have issued reports on DG. Telsey Advisory Group upgraded shares of Dollar General from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $98.00 to $120.00 in a research report on Thursday, January 25th. Wells Fargo upgraded shares of Dollar General from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $102.27 to $117.00 in a research report on Tuesday, January 23rd. Citigroup began coverage on shares of Dollar General in a research report on Tuesday, January 16th. They set an “outperform” rating and a $112.00 target price for the company. Oppenheimer initiated coverage on shares of Dollar General in a research report on Wednesday, January 17th. They set an “outperform” rating and a $112.00 target price for the company. Finally, ValuEngine raised shares of Dollar General from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Twelve investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $98.00.
DG opened at $94.97 on Friday. 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 has a 52-week low of $65.97 and a 52-week high of $105.82. The company has a market cap of $26,178.73, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 1.10 and a beta of 1.02.
Dollar General (NYSE:DG) last announced its earnings results on Thursday, March 15th. The company reported $1.48 earnings per share for the quarter, meeting the consensus estimate of $1.48. The business had revenue of $6.13 billion during the quarter, compared to the consensus estimate of $6.20 billion. Dollar General had a net margin of 6.55% and a return on equity of 21.65%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.49 earnings per share. research analysts predict that Dollar General will post 6.01 earnings per share for the current fiscal year.
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. The ex-dividend date of this dividend is Monday, April 9th. This is an increase from Dollar General’s previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a dividend yield of 1.22%. Dollar General’s dividend payout ratio is 23.16%.
Dollar General announced that its board has initiated a stock repurchase plan on Thursday, March 15th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
In other news, SVP Michael J. Kindy sold 8,221 shares of the company’s stock in a transaction on Monday, March 26th. The shares were sold at an average price of $93.05, for a total value of $764,964.05. Following the completion of the transaction, the senior vice president now directly owns 9,850 shares in the company, valued at $916,542.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.22% of the stock is currently owned by corporate insiders.
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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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