AMP Capital Investors Ltd lessened its holdings in shares of Dollar General (NYSE:DG) by 9.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 84,958 shares of the company’s stock after selling 9,013 shares during the quarter. AMP Capital Investors Ltd’s holdings in Dollar General were worth $7,901,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Profund Advisors LLC raised its stake in Dollar General by 17.2% during the 4th quarter. Profund Advisors LLC now owns 8,906 shares of the company’s stock valued at $828,000 after acquiring an additional 1,309 shares in the last quarter. MANA Advisors LLC acquired a new position in shares of Dollar General during the 4th quarter valued at $752,000. Nippon Life Global Investors Americas Inc. acquired a new position in shares of Dollar General in the 4th quarter worth $3,364,000. Merit Financial Group LLC acquired a new position in shares of Dollar General in the 4th quarter worth $368,000. Finally, 12th Street Asset Management Company LLC grew its holdings in shares of Dollar General by 6.1% in the 4th quarter. 12th Street Asset Management Company LLC now owns 355,352 shares of the company’s stock worth $33,051,000 after acquiring an additional 20,415 shares during the last quarter. Institutional investors own 90.87% of the company’s stock.
DG has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Dollar General from a “buy” rating to a “hold” rating in a report on Monday, December 11th. Telsey Advisory Group raised Dollar General from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $98.00 to $120.00 in a research report on Thursday, January 25th. Wolfe Research raised Dollar General from an “underperform” rating to an “outperform” rating in a research report on Wednesday, December 20th. Oppenheimer started coverage on Dollar General in a research report on Wednesday, January 17th. They set an “outperform” rating and a $112.00 price objective for the company. Finally, Wells Fargo reaffirmed an “outperform” rating and issued a $113.00 price target (down previously from $117.00) on shares of Dollar General in a research report on Tuesday, February 27th. Twelve equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Dollar General presently has an average rating of “Buy” and an average price target of $98.00.
NYSE:DG traded down $1.43 during trading hours on Friday, hitting $94.97. 2,760,408 shares of the stock were exchanged, compared to its average volume of 3,137,070. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.22 and a current ratio of 1.43. The company has a market cap of $25,790.43, a price-to-earnings ratio of 21.15, a P/E/G ratio of 1.08 and a beta of 1.02. Dollar General has a twelve month low of $65.97 and a twelve month high of $105.82.
Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, March 15th. The company reported $1.48 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.48. The company had revenue of $6.13 billion for the quarter, compared to the consensus estimate 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 in the prior year, the business posted $1.49 EPS. equities analysts predict that Dollar General will post 6.01 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 24th. Investors of record on Tuesday, April 10th will be given a $0.29 dividend. The ex-dividend date is Monday, April 9th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.22%. This is a boost from Dollar General’s previous quarterly dividend of $0.26. Dollar General’s dividend payout ratio is currently 23.16%.
Dollar General declared that its Board of Directors has authorized a stock buyback plan on Thursday, March 15th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
In other Dollar General news, SVP Michael J. Kindy sold 8,221 shares of the stock in a transaction dated Monday, March 26th. The stock was sold at an average price of $93.05, for a total transaction of $764,964.05. Following the completion of the transaction, the senior vice president now owns 9,850 shares in the company, valued at approximately $916,542.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.22% of the stock is owned by corporate insiders.
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Dollar General 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 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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