FIL Ltd lessened its holdings in Dollar General Co. (NYSE:DG - Free Report) by 26.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,893,000 shares of the company's stock after selling 682,000 shares during the quarter. FIL Ltd owned 0.86% of Dollar General worth $143,527,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in DG. SBI Securities Co. Ltd. acquired a new stake in Dollar General during the fourth quarter valued at $57,000. Eagle Rock Investment Company LLC raised its holdings in Dollar General by 16.3% in the 4th quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company's stock valued at $2,186,000 after acquiring an additional 4,048 shares during the last quarter. Leibman Financial Services Inc. purchased a new stake in Dollar General in the 4th quarter valued at $2,018,000. DAVENPORT & Co LLC raised its holdings in shares of Dollar General by 5,624.9% during the 4th quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company's stock worth $24,385,000 after acquiring an additional 316,005 shares during the period. Finally, Matrix Asset Advisors Inc. NY acquired a new position in Dollar General in the 4th quarter valued at about $6,158,000. 91.77% of the stock is owned by hedge funds and other institutional investors.
Dollar General Trading Up 1.7 %
NYSE:DG traded up $1.54 on Monday, hitting $90.58. 1,063,217 shares of the stock were exchanged, compared to its average volume of 3,838,040. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $150.40. The stock has a market cap of $19.92 billion, a PE ratio of 14.92, a PEG ratio of 2.18 and a beta of 0.40. The stock has a fifty day moving average of $80.35 and a 200-day moving average of $78.19.
Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.17. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.26 billion. During the same quarter in the prior year, the business earned $1.83 earnings per share. The business's quarterly revenue was up 4.5% compared to the same quarter last year. As a group, equities analysts expect that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.
Dollar General Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be given a $0.59 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.61%. Dollar General's payout ratio is currently 46.18%.
Insider Buying and Selling
In other news, EVP Emily C. Taylor sold 809 shares of the firm's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the transaction, the executive vice president now directly owns 48,532 shares in the company, valued at approximately $4,596,951.04. This trade represents a 1.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.49% of the company's stock.
Analyst Ratings Changes
DG has been the topic of several recent analyst reports. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $85.00 price target on shares of Dollar General in a research note on Thursday, March 13th. The Goldman Sachs Group reduced their price objective on shares of Dollar General from $104.00 to $93.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. Melius Research raised Dollar General from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Citigroup raised Dollar General from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $69.00 to $101.00 in a report on Monday, April 7th. Finally, Bank of America reduced their price target on shares of Dollar General from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Dollar General currently has a consensus rating of "Hold" and a consensus target price of $94.75.
View Our Latest Report on Dollar General
Dollar General Company Profile
(
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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