Robeco Institutional Asset Management B.V. grew its holdings in shares of Dollar General Corp. (NYSE:DG) by 32.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 285,758 shares of the company’s stock after purchasing an additional 70,369 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.11% of Dollar General worth $44,573,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Voya Investment Management LLC lifted its holdings in shares of Dollar General by 2.5% during the 3rd quarter. Voya Investment Management LLC now owns 147,163 shares of the company’s stock worth $23,390,000 after acquiring an additional 3,583 shares during the period. Hudock Capital Group LLC bought a new stake in shares of Dollar General during the 3rd quarter worth approximately $28,000. Carroll Financial Associates Inc. lifted its holdings in shares of Dollar General by 28.6% during the 4th quarter. Carroll Financial Associates Inc. now owns 1,380 shares of the company’s stock worth $215,000 after acquiring an additional 307 shares during the period. BBVA USA Bancshares Inc. lifted its holdings in shares of Dollar General by 111.8% during the 3rd quarter. BBVA USA Bancshares Inc. now owns 10,164 shares of the company’s stock worth $1,615,000 after acquiring an additional 5,364 shares during the period. Finally, Pinnacle Financial Partners Inc. lifted its holdings in shares of Dollar General by 1.1% during the 3rd quarter. Pinnacle Financial Partners Inc. now owns 37,303 shares of the company’s stock worth $5,929,000 after acquiring an additional 389 shares during the period. Hedge funds and other institutional investors own 92.15% of the company’s stock.
Shares of DG stock traded down $1.87 during trading hours on Friday, hitting $157.98. 31,804 shares of the company’s stock traded hands, compared to its average volume of 1,653,370. The stock’s 50 day simple moving average is $155.61 and its 200 day simple moving average is $154.16. The stock has a market cap of $39.61 billion, a PE ratio of 24.72, a price-to-earnings-growth ratio of 1.78 and a beta of 0.48. Dollar General Corp. has a 12 month low of $108.74 and a 12 month high of $166.98. The company has a quick ratio of 0.13, a current ratio of 1.12 and a debt-to-equity ratio of 1.57.
Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, December 5th. The company reported $1.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.04. Dollar General had a net margin of 6.09% and a return on equity of 25.53%. The company had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.89 billion. During the same period in the prior year, the company posted $1.26 earnings per share. Dollar General’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, equities research analysts expect that Dollar General Corp. will post 6.65 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend was Monday, January 6th. Dollar General’s dividend payout ratio (DPR) is presently 21.44%.
A number of brokerages have recently weighed in on DG. Zacks Investment Research downgraded shares of Dollar General from a “buy” rating to a “hold” rating and set a $164.00 price target for the company. in a report on Friday, December 6th. Guggenheim reaffirmed a “buy” rating and set a $165.00 price target on shares of Dollar General in a report on Monday, December 2nd. Wells Fargo & Co reaffirmed a “hold” rating on shares of Dollar General in a report on Monday, December 9th. Morgan Stanley upped their price target on shares of Dollar General from $170.00 to $174.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Telsey Advisory Group upped their price target on shares of Dollar General from $168.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $162.95.
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, 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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