Gulf International Bank UK Ltd Trims Stake in Dollar General Corp. (DG)

Gulf International Bank UK Ltd trimmed its stake in shares of Dollar General Corp. (NYSE:DG) by 30.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,148 shares of the company’s stock after selling 27,586 shares during the period. Gulf International Bank UK Ltd’s holdings in Dollar General were worth $6,933,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. FMR LLC increased its stake in shares of Dollar General by 10.5% during the 2nd quarter. FMR LLC now owns 5,506,743 shares of the company’s stock worth $542,965,000 after purchasing an additional 523,870 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Dollar General by 4.8% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 14,064 shares of the company’s stock worth $1,387,000 after purchasing an additional 648 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Dollar General by 33.1% during the 2nd quarter. Van ECK Associates Corp now owns 21,366 shares of the company’s stock worth $2,107,000 after purchasing an additional 5,309 shares in the last quarter. OppenheimerFunds Inc. increased its stake in shares of Dollar General by 9.7% during the 2nd quarter. OppenheimerFunds Inc. now owns 23,540 shares of the company’s stock worth $2,321,000 after purchasing an additional 2,083 shares in the last quarter. Finally, Raymond James & Associates increased its stake in shares of Dollar General by 27.4% during the 2nd quarter. Raymond James & Associates now owns 131,744 shares of the company’s stock worth $12,990,000 after purchasing an additional 28,331 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

Shares of DG opened at $115.50 on Thursday. The firm has a market capitalization of $28.59 billion, a price-to-earnings ratio of 25.72, a P/E/G ratio of 1.27 and a beta of 0.76. Dollar General Corp. has a fifty-two week low of $85.54 and a fifty-two week high of $118.45. The company has a current ratio of 1.55, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Tuesday, December 4th. The company reported $1.26 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.26. The company had revenue of $6.42 billion for the quarter, compared to analyst estimates of $6.38 billion. Dollar General had a net margin of 7.24% and a return on equity of 24.03%. Dollar General’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the business earned $0.93 EPS. Sell-side analysts forecast that Dollar General Corp. will post 6.01 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 22nd. Shareholders of record on Tuesday, January 8th will be issued a $0.29 dividend. The ex-dividend date is Monday, January 7th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.00%. Dollar General’s dividend payout ratio (DPR) is presently 25.84%.

Several analysts have commented on the stock. Credit Suisse Group set a $108.00 target price on shares of Dollar General and gave the stock a “hold” rating in a research note on Tuesday, December 4th. Citigroup lowered their target price on shares of Dollar General from $133.00 to $120.00 and set a “buy” rating for the company in a research note on Monday, December 10th. JPMorgan Chase & Co. lifted their target price on shares of Dollar General to $123.00 and gave the stock an “overweight” rating in a research note on Wednesday. Buckingham Research assumed coverage on shares of Dollar General in a research note on Tuesday, September 25th. They issued a “buy” rating and a $125.00 target price for the company. Finally, ValuEngine cut shares of Dollar General from a “buy” rating to a “hold” rating in a research note on Wednesday, December 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $110.78.

In other Dollar General news, EVP Robert D. Ravener sold 32,492 shares of Dollar General stock in a transaction on Tuesday, January 8th. The shares were sold at an average price of $111.63, for a total value of $3,627,081.96. Following the transaction, the executive vice president now owns 33,307 shares in the company, valued at approximately $3,718,060.41. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.41% of the stock is owned by company insiders.

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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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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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