Savoir Faire Capital Management L.P. lessened its stake in Dollar General Corporation (NYSE:DG - Free Report) by 54.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,159 shares of the company's stock after selling 74,127 shares during the quarter. Dollar General makes up 4.7% of Savoir Faire Capital Management L.P.'s holdings, making the stock its 5th biggest position. Savoir Faire Capital Management L.P.'s holdings in Dollar General were worth $5,378,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in DG. Sowell Financial Services LLC acquired a new position in Dollar General in the 1st quarter valued at about $280,000. Robeco Institutional Asset Management B.V. boosted its stake in Dollar General by 4.2% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 27,567 shares of the company's stock valued at $2,424,000 after purchasing an additional 1,102 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Dollar General by 74.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,142 shares of the company's stock valued at $921,000 after buying an additional 5,171 shares in the last quarter. Ameriprise Financial Inc. increased its position in Dollar General by 18.1% during the 4th quarter. Ameriprise Financial Inc. now owns 107,306 shares of the company's stock worth $8,137,000 after buying an additional 16,453 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Dollar General by 48.9% during the first quarter. Farther Finance Advisors LLC now owns 3,292 shares of the company's stock worth $288,000 after buying an additional 1,081 shares in the last quarter. 91.77% of the stock is owned by institutional investors.
Insider Activity
In other Dollar General news, EVP Kathleen A. Reardon sold 6,438 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $111.56, for a total value of $718,223.28. Following the completion of the transaction, the executive vice president owned 41,646 shares of the company's stock, valued at $4,646,027.76. The trade was a 13.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Emily C. Taylor sold 1,969 shares of Dollar General stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total transaction of $222,497.00. Following the transaction, the executive vice president directly owned 46,563 shares in the company, valued at $5,261,619. This trade represents a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.
Dollar General Stock Performance
DG traded down $1.93 during trading on Monday, hitting $108.16. 1,356,977 shares of the company traded hands, compared to its average volume of 4,122,202. 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 $23.80 billion, a P/E ratio of 20.64, a price-to-earnings-growth ratio of 2.70 and a beta of 0.31. The stock's fifty day moving average is $107.75 and its 200 day moving average is $90.23. Dollar General Corporation has a one year low of $66.43 and a one year high of $126.98.
Dollar General (NYSE:DG - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.46 by $0.32. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. The business had revenue of $10.44 billion for the quarter, compared to analysts' expectations of $10.25 billion. During the same quarter in the previous year, the firm posted $1.65 EPS. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, equities analysts predict that Dollar General Corporation will post 5.75 EPS for the current fiscal year.
Dollar General Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.18%. Dollar General's payout ratio is currently 45.04%.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on DG. Wells Fargo & Company boosted their price objective on shares of Dollar General from $80.00 to $105.00 and gave the company an "equal weight" rating in a report on Wednesday, June 4th. Gordon Haskett raised shares of Dollar General from a "reduce" rating to an "accumulate" rating in a research note on Tuesday, June 3rd. The Goldman Sachs Group lowered Dollar General from a "buy" rating to a "neutral" rating and raised their price objective for the company from $115.00 to $116.00 in a research note on Tuesday, June 24th. KeyCorp reissued a "sector weight" rating on shares of Dollar General in a report on Wednesday, June 4th. Finally, Bank of America lifted their price target on shares of Dollar General from $115.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Sixteen equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $107.04.
Check Out Our Latest Stock 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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