Pictet Asset Management Holding SA Has $8.69 Million Holdings in Dollar General Co. (NYSE:DG)

Pictet Asset Management Holding SA grew its holdings in shares of Dollar General Co. (NYSE:DG - Free Report) by 11.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 114,591 shares of the company's stock after acquiring an additional 11,992 shares during the period. Pictet Asset Management Holding SA owned about 0.05% of Dollar General worth $8,688,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. IMG Wealth Management Inc. bought a new stake in shares of Dollar General during the 4th quarter valued at about $25,000. Wilmington Savings Fund Society FSB bought a new position in shares of Dollar General during the third quarter valued at approximately $33,000. Providence First Trust Co acquired a new stake in shares of Dollar General during the 4th quarter worth approximately $33,000. Bogart Wealth LLC lifted its holdings in shares of Dollar General by 279.8% in the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company's stock worth $37,000 after purchasing an additional 361 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in Dollar General during the 4th quarter valued at approximately $37,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on DG shares. Bank of America decreased their target price 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. UBS Group lowered their target price on Dollar General from $108.00 to $95.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Gordon Haskett lowered Dollar General from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Citigroup lowered their price target on Dollar General from $73.00 to $69.00 and set a "sell" rating on the stock in a report on Friday, March 7th. Finally, Morgan Stanley reduced their price objective on shares of Dollar General from $100.00 to $80.00 and set an "equal weight" rating for the company in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $92.26.

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Dollar General Stock Down 1.7 %

Dollar General stock traded down $1.60 during mid-day trading on Friday, hitting $92.82. 10,627,876 shares of the company's stock were exchanged, compared to its average volume of 3,748,103. The stock has a 50 day moving average of $78.10 and a two-hundred day moving average of $78.13. 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 1-year low of $66.43 and a 1-year high of $161.99. The stock has a market cap of $20.41 billion, a P/E ratio of 15.29, a P/E/G ratio of 2.18 and a beta of 0.40.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.51 by $0.17. The company had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.83 earnings per share. As a group, analysts anticipate that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.54%. Dollar General's payout ratio is presently 46.18%.

Dollar General Profile

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.