Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Dollar General Co. (NYSE:DG) by 663.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 42,621 shares of the company’s stock after acquiring an additional 37,035 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Dollar General were worth $8,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently modified their holdings of the company. HM Payson & Co. bought a new position in Dollar General in the 3rd quarter worth about $27,000. Wolff Wiese Magana LLC bought a new position in Dollar General in the 4th quarter worth approximately $27,000. JJJ Advisors Inc. increased its position in Dollar General by 111.1% in the 4th quarter. JJJ Advisors Inc. now owns 133 shares of the company’s stock valued at $28,000 after acquiring an additional 70 shares during the period. Jacobi Capital Management LLC increased its position in Dollar General by 76.9% in the 4th quarter. Jacobi Capital Management LLC now owns 138 shares of the company’s stock valued at $29,000 after acquiring an additional 60 shares during the period. Finally, Black Swift Group LLC bought a new stake in Dollar General during the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 90.86% of the company’s stock.
In related news, CFO John W. Garratt sold 26,127 shares of the business’s stock in a transaction dated Tuesday, March 23rd. The stock was sold at an average price of $199.35, for a total transaction of $5,208,417.45. Following the transaction, the chief financial officer now directly owns 37,088 shares in the company, valued at $7,393,492.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.72% of the stock is owned by company insiders.
A number of equities research analysts recently weighed in on DG shares. Deutsche Bank Aktiengesellschaft upgraded shares of Dollar General from a “hold” rating to a “buy” rating and lifted their price objective for the company from $214.00 to $241.00 in a research note on Tuesday, February 9th. Bank of America lowered shares of Dollar General from a “buy” rating to a “neutral” rating and set a $215.00 price target for the company. in a research note on Thursday, February 25th. JPMorgan Chase & Co. increased their price objective on shares of Dollar General from $224.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, March 24th. Jefferies Financial Group dropped their target price on Dollar General from $260.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, March 25th. Finally, Morgan Stanley decreased their price target on Dollar General from $245.00 to $225.00 and set an “overweight” rating for the company in a research note on Monday, March 29th. Three investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $228.83.
Shares of DG stock opened at $205.73 on Thursday. The stock’s fifty day simple moving average is $193.84 and its 200-day simple moving average is $206.41. The company has a market capitalization of $49.22 billion, a price-to-earnings ratio of 20.39, a P/E/G ratio of 1.50 and a beta of 0.52. The company has a current ratio of 1.28, a quick ratio of 0.43 and a debt-to-equity ratio of 0.59. Dollar General Co. has a 1-year low of $166.12 and a 1-year high of $225.25.
Dollar General (NYSE:DG) last announced its quarterly earnings data on Wednesday, March 17th. The company reported $2.62 EPS for the quarter, missing the Zacks’ consensus estimate of $2.72 by ($0.10). Dollar General had a net margin of 7.84% and a return on equity of 36.07%. The company had revenue of $8.41 billion for the quarter, compared to analysts’ expectations of $8.29 billion. During the same period in the previous year, the firm posted $2.10 earnings per share. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, sell-side analysts predict that Dollar General Co. will post 10.65 EPS for the current year.
Dollar General announced that its Board of Directors has initiated a stock buyback plan on Thursday, March 18th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 4.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 20th. Investors of record on Tuesday, April 6th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Monday, April 5th. This is a boost from Dollar General’s previous quarterly dividend of $0.36. Dollar General’s dividend payout ratio (DPR) is presently 24.96%.
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 products; 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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