Aster Capital Management DIFC Ltd lifted its position in shares of Dollar General Co. (NYSE:DG - Free Report) by 1,482.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,288 shares of the company's stock after buying an additional 13,385 shares during the period. Aster Capital Management DIFC Ltd's holdings in Dollar General were worth $1,083,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of DG. Public Sector Pension Investment Board lifted its position in Dollar General by 14.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 9,601 shares of the company's stock worth $812,000 after buying an additional 1,200 shares in the last quarter. Centiva Capital LP increased its position in shares of Dollar General by 79.7% in the third quarter. Centiva Capital LP now owns 5,749 shares of the company's stock valued at $486,000 after acquiring an additional 2,549 shares during the last quarter. Investment Management Corp of Ontario raised its holdings in Dollar General by 46.4% during the third quarter. Investment Management Corp of Ontario now owns 7,258 shares of the company's stock worth $614,000 after acquiring an additional 2,300 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in Dollar General by 23.9% during the third quarter. Integrated Wealth Concepts LLC now owns 11,466 shares of the company's stock valued at $970,000 after purchasing an additional 2,213 shares during the last quarter. Finally, State Street Corp boosted its position in Dollar General by 8.3% during the third quarter. State Street Corp now owns 9,958,704 shares of the company's stock valued at $842,208,000 after purchasing an additional 759,869 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.
Dollar General Stock Performance
Dollar General stock traded up $0.82 during midday trading on Friday, hitting $87.95. The company's stock had a trading volume of 1,788,055 shares, compared to its average volume of 3,825,882. The company has a 50-day moving average price of $80.00 and a two-hundred day moving average price of $78.21. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $156.25. The company has a market cap of $19.34 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 2.18 and a beta of 0.40. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15.
Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.17. The business had revenue of $10.30 billion during the quarter, compared to analysts' expectations of $10.26 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.83 earnings per share. As a group, sell-side analysts predict that Dollar General Co. will post 5.75 earnings per share for the current year.
Dollar General Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General's dividend payout ratio (DPR) is presently 46.18%.
Insider Buying and Selling
In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the company's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the sale, the executive vice president now directly owns 48,532 shares in the company, valued at $4,596,951.04. This represents a 1.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.49% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several research analysts have weighed in on the company. Gordon Haskett lowered Dollar General from a "hold" rating to a "reduce" rating in a research report on Wednesday. Citigroup upgraded shares of Dollar General from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $69.00 to $101.00 in a report on Monday. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $80.00 price target (down previously from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. The Goldman Sachs Group lowered their price objective on shares of Dollar General from $104.00 to $93.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Finally, Melius upgraded shares of Dollar General from a "hold" rating to a "buy" rating and set a $110.00 target price for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $94.75.
Read Our Latest Research Report on Dollar General
About Dollar General
(
Free Report)
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits 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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