MML Investors Services LLC raised its position in shares of Dollar General (NYSE:DG) by 14.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,690 shares of the company’s stock after purchasing an additional 969 shares during the quarter. MML Investors Services LLC’s holdings in Dollar General were worth $715,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Cerebellum GP LLC purchased a new position in shares of Dollar General in the fourth quarter worth approximately $130,000. Calton & Associates Inc. purchased a new position in Dollar General during the fourth quarter valued at approximately $144,000. Fieldpoint Private Securities LLC purchased a new position in Dollar General during the third quarter valued at approximately $195,000. Benjamin F. Edwards & Company Inc. lifted its holdings in Dollar General by 104.9% during 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 in the last quarter. Finally, Intrust Bank NA purchased a new position in Dollar General during the fourth quarter valued at approximately $202,000. 90.87% of the stock is currently owned by hedge funds and other institutional investors.
In other news, SVP Michael J. Kindy sold 8,221 shares of the stock in a transaction that occurred on Monday, March 26th. The stock was sold at an average price of $93.05, for a total transaction of $764,964.05. Following the transaction, the senior vice president now owns 9,850 shares in the company, valued at approximately $916,542.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.22% of the company’s stock.
Shares of NYSE:DG opened at $94.97 on Friday. Dollar General has a twelve month low of $65.97 and a twelve month high of $105.82. 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 capitalization of $26,178.73, a P/E ratio of 21.15, a price-to-earnings-growth ratio of 1.10 and a beta of 1.02.
Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, March 15th. The company reported $1.48 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.48. Dollar General had a net margin of 6.55% and a return on equity of 21.65%. The company had revenue of $6.13 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter in the prior year, the company earned $1.49 EPS. Dollar General’s quarterly revenue was up 2.0% on a year-over-year basis. analysts forecast that Dollar General will post 6.01 earnings per share for the current year.
Dollar General declared that its board has approved a stock buyback plan on Thursday, March 15th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 24th. Shareholders of record on Tuesday, April 10th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Monday, April 9th. This is a positive change from Dollar General’s previous quarterly dividend of $0.26. Dollar General’s dividend payout ratio is currently 23.16%.
Several research firms have recently issued reports on DG. Argus restated a “hold” rating on shares of Dollar General in a research report on Thursday, February 8th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Dollar General from a “buy” rating to a “hold” rating in a research note on Monday, December 11th. Citigroup began coverage on shares of Dollar General in a research note on Tuesday, January 16th. They set an “outperform” rating and a $112.00 price objective for the company. JPMorgan Chase reissued a “neutral” rating and set a $103.00 target price (up from $94.00) on shares of Dollar General in a research note on Thursday, February 22nd. Finally, ValuEngine raised shares of Dollar General from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. Twelve equities research 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 company. Dollar General has an average rating of “Buy” and an average 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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