Naples Global Advisors LLC grew its holdings in Dollar General Corp. (NYSE:DG) by 8.1% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 9,587 shares of the company’s stock after buying an additional 718 shares during the period. Naples Global Advisors LLC’s holdings in Dollar General were worth $1,144,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Eaton Vance Management raised its holdings in Dollar General by 0.3% during the fourth quarter. Eaton Vance Management now owns 26,682 shares of the company’s stock worth $2,884,000 after purchasing an additional 86 shares in the last quarter. Louisiana State Employees Retirement System grew its position in Dollar General by 0.7% during the first quarter. Louisiana State Employees Retirement System now owns 13,900 shares of the company’s stock worth $1,658,000 after buying an additional 100 shares during the period. Reilly Financial Advisors LLC grew its position in Dollar General by 27.0% during the first quarter. Reilly Financial Advisors LLC now owns 475 shares of the company’s stock worth $57,000 after buying an additional 101 shares during the period. Whittier Trust Co. grew its position in Dollar General by 66.3% during the fourth quarter. Whittier Trust Co. now owns 291 shares of the company’s stock worth $31,000 after buying an additional 116 shares during the period. Finally, YorkBridge Wealth Partners LLC grew its position in Dollar General by 0.8% during the fourth quarter. YorkBridge Wealth Partners LLC now owns 14,542 shares of the company’s stock worth $1,572,000 after buying an additional 117 shares during the period. 97.34% of the stock is owned by institutional investors and hedge funds.
In other Dollar General news, EVP Robert D. Ravener sold 38,659 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $119.84, for a total transaction of $4,632,894.56. Following the completion of the transaction, the executive vice president now directly owns 39,739 shares of the company’s stock, valued at approximately $4,762,321.76. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Robert D. Ravener sold 78,987 shares of Dollar General stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $117.78, for a total transaction of $9,303,088.86. Following the completion of the transaction, the executive vice president now directly owns 62,434 shares of the company’s stock, valued at $7,353,476.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 143,255 shares of company stock valued at $17,037,351. Company insiders own 0.55% of the company’s stock.
Shares of DG stock traded up $0.50 during mid-day trading on Wednesday, reaching $122.05. The company’s stock had a trading volume of 1,488,928 shares, compared to its average volume of 2,048,112. The company has a market cap of $31.15 billion, a PE ratio of 20.44, a P/E/G ratio of 1.50 and a beta of 0.72. Dollar General Corp. has a 12-month low of $86.87 and a 12-month high of $126.84. The company has a current ratio of 1.55, a quick ratio of 0.19 and a debt-to-equity ratio of 0.45.
Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, March 14th. The company reported $1.84 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.89 by ($0.05). The firm had revenue of $6.65 billion for the quarter, compared to analyst estimates of $6.61 billion. Dollar General had a net margin of 6.20% and a return on equity of 25.04%. Dollar General’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.48 earnings per share. Equities research analysts expect that Dollar General Corp. will post 6.42 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.05%. This is a positive change from Dollar General’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, April 8th. Dollar General’s dividend payout ratio (DPR) is presently 21.44%.
DG has been the topic of several recent analyst reports. Morgan Stanley upped their target price on shares of Dollar General from $118.00 to $129.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 24th. Oppenheimer increased their price target on shares of Dollar General from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. Raymond James set a $127.00 price target on shares of Dollar General and gave the company a “buy” rating in a research report on Tuesday, February 26th. Loop Capital upgraded shares of Dollar General from a “hold” rating to a “buy” rating and increased their price target for the company from $105.00 to $152.00 in a research report on Tuesday, April 30th. Finally, Evercore ISI assumed coverage on shares of Dollar General in a research report on Wednesday, March 20th. They set an “underperform” rating and a $95.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have assigned a buy rating to the stock. Dollar General has a consensus rating of “Buy” and an average price target of $123.35.
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Dollar General Company 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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