Exchange Traded Concepts LLC grew its holdings in shares of Dollar General Corporation (NYSE:DG - Free Report) by 475.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,292 shares of the company's stock after buying an additional 13,462 shares during the quarter. Exchange Traded Concepts LLC's holdings in Dollar General were worth $1,433,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. First Eagle Investment Management LLC purchased a new stake in shares of Dollar General during the fourth quarter valued at approximately $399,433,000. ACR Alpine Capital Research LLC grew its holdings in Dollar General by 8,426.1% during the 4th quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company's stock valued at $306,424,000 after purchasing an additional 3,994,070 shares in the last quarter. Norges Bank purchased a new stake in Dollar General during the 4th quarter worth $140,421,000. Two Sigma Investments LP increased its stake in Dollar General by 323.1% during the 4th quarter. Two Sigma Investments LP now owns 2,354,135 shares of the company's stock worth $178,491,000 after buying an additional 1,797,776 shares during the period. Finally, Pzena Investment Management LLC lifted its holdings in Dollar General by 14.9% in the 4th quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company's stock worth $892,199,000 after buying an additional 1,528,450 shares in the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on DG shares. Melius Research upgraded Dollar General from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Melius raised Dollar General from a "hold" rating to a "buy" rating and set a $110.00 price target for the company in a report on Tuesday, April 8th. Gordon Haskett upgraded Dollar General from a "reduce" rating to an "accumulate" rating in a research note on Tuesday, June 3rd. Bank of America lifted their price objective on Dollar General from $115.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, The Goldman Sachs Group increased their target price on Dollar General from $96.00 to $115.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Fifteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Dollar General has an average rating of "Moderate Buy" and an average price target of $109.04.
View Our Latest Analysis on Dollar General
Insider Activity
In related news, EVP Emily C. Taylor sold 809 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the transaction, the executive vice president now owns 48,532 shares in the company, valued at $4,596,951.04. This trade represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kathleen A. Reardon sold 6,438 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $111.56, for a total value of $718,223.28. Following the completion of the sale, the executive vice president now owns 41,646 shares of the company's stock, valued at $4,646,027.76. This trade represents a 13.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,216 shares of company stock valued at $1,017,349. Company insiders own 0.56% of the company's stock.
Dollar General Stock Performance
NYSE DG traded down $1.05 during trading hours on Thursday, hitting $112.27. The company had a trading volume of 2,227,326 shares, compared to its average volume of 4,088,761. The company has a quick ratio of 0.20, a current ratio of 1.23 and a debt-to-equity ratio of 0.74. The firm has a market cap of $24.71 billion, a P/E ratio of 21.43, a price-to-earnings-growth ratio of 2.96 and a beta of 0.26. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $135.46. The business has a fifty day simple moving average of $98.49 and a 200-day simple moving average of $84.57.
Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.32. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. The firm had revenue of $10.44 billion for the quarter, compared to the consensus estimate of $10.25 billion. During the same period last year, the firm posted $1.65 EPS. Dollar General's quarterly revenue was up 5.3% compared to the same quarter last year. Equities analysts predict that Dollar General Corporation will post 5.75 EPS for the current year.
Dollar General Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, July 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.10%. Dollar General's payout ratio is 45.04%.
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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