WINTON GROUP Ltd grew its position in Dollar General Corp. (NYSE:DG) by 53.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,892 shares of the company’s stock after buying an additional 2,747 shares during the quarter. WINTON GROUP Ltd’s holdings in Dollar General were worth $738,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Meadow Creek Investment Management LLC grew its stake in Dollar General by 4.8% during the 4th quarter. Meadow Creek Investment Management LLC now owns 64,204 shares of the company’s stock worth $5,971,000 after purchasing an additional 2,968 shares in the last quarter. Millennium Management LLC acquired a new position in shares of Dollar General during the 4th quarter worth about $8,694,000. Robeco Institutional Asset Management B.V. boosted its position in shares of Dollar General by 123.0% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 220,932 shares of the company’s stock worth $20,666,000 after acquiring an additional 121,864 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its position in shares of Dollar General by 39.9% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,942,230 shares of the company’s stock worth $180,646,000 after acquiring an additional 553,461 shares in the last quarter. Finally, State of Tennessee Treasury Department boosted its position in shares of Dollar General by 84.1% during the 1st quarter. State of Tennessee Treasury Department now owns 225,379 shares of the company’s stock worth $21,084,000 after acquiring an additional 102,986 shares in the last quarter. 91.72% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently issued reports on the company. Credit Suisse Group upped their price objective on Dollar General from $93.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday. Northcoast Research reaffirmed a “neutral” rating on shares of Dollar General in a research report on Tuesday, June 26th. Raymond James raised Dollar General from an “outperform” rating to a “strong-buy” rating in a research report on Friday, June 22nd. Zacks Investment Research cut Dollar General from a “buy” rating to a “hold” rating in a research report on Monday, June 4th. Finally, Gordon Haskett raised Dollar General from an “accumulate” rating to a “buy” rating and upped their price objective for the stock from $65.97 to $67.00 in a research report on Monday, June 4th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $96.73.
Shares of Dollar General opened at $98.06 on Tuesday, MarketBeat Ratings reports. The company has a market cap of $26.38 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 1.10 and a beta of 0.95. Dollar General Corp. has a 12-month low of $68.69 and a 12-month high of $105.82. The company has a quick ratio of 0.23, a current ratio of 1.65 and a debt-to-equity ratio of 0.46.
Dollar General (NYSE:DG) last issued its earnings results on Thursday, May 31st. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.04). The business had revenue of $6.11 billion for the quarter, compared to analysts’ expectations of $6.18 billion. Dollar General had a return on equity of 22.40% and a net margin of 6.77%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the company posted $1.03 earnings per share. equities research analysts expect that Dollar General Corp. will post 6.06 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 24th. Stockholders of record on Tuesday, July 10th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Monday, July 9th. Dollar General’s dividend payout ratio (DPR) is 25.84%.
Dollar General announced that its Board of Directors has approved a share repurchase plan on Thursday, March 15th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.
In related news, EVP Robert D. Ravener sold 9,874 shares of the company’s stock in a transaction that occurred on Tuesday, April 17th. The stock was sold at an average price of $100.62, for a total value of $993,521.88. Following the sale, the executive vice president now owns 28,307 shares in the company, valued at approximately $2,848,250.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Timothy I. Mcguire purchased 2,275 shares of the stock in a transaction that occurred on Friday, June 1st. The stock was purchased at an average price of $88.06 per share, for a total transaction of $200,336.50. Following the acquisition, the director now owns 3,834 shares in the company, valued at $337,622.04. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 24,766 shares of company stock valued at $2,477,591. Company insiders own 0.41% of the company’s stock.
Dollar General Company 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, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.
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