Dollar General Co. (NYSE:DG) Stock Holdings Lifted by Toronto Dominion Bank

Toronto Dominion Bank lifted its holdings in Dollar General Co. (NYSE:DG - Free Report) by 17.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,720 shares of the company's stock after acquiring an additional 17,478 shares during the period. Toronto Dominion Bank owned approximately 0.05% of Dollar General worth $8,926,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Arkadios Wealth Advisors boosted its stake in shares of Dollar General by 98.4% in the fourth quarter. Arkadios Wealth Advisors now owns 8,028 shares of the company's stock valued at $609,000 after purchasing an additional 3,982 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of Dollar General by 20.9% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 319,787 shares of the company's stock valued at $24,246,000 after purchasing an additional 55,280 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Dollar General by 117.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 21,997 shares of the company's stock valued at $1,668,000 after purchasing an additional 11,893 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Dollar General by 75.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 139,953 shares of the company's stock valued at $10,611,000 after purchasing an additional 60,189 shares during the period. Finally, Cornerstone Wealth Management LLC boosted its stake in shares of Dollar General by 19.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 5,014 shares of the company's stock valued at $380,000 after purchasing an additional 827 shares during the period. Institutional investors and hedge funds own 91.77% of the company's stock.

Analysts Set New Price Targets

DG has been the subject of several analyst reports. Gordon Haskett downgraded shares of Dollar General from a "hold" rating to a "reduce" rating in a research note on Wednesday, April 9th. Telsey Advisory Group reiterated a "market perform" rating and set a $85.00 price objective on shares of Dollar General in a research note on Thursday, March 13th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Dollar General in a research note on Monday, May 5th. Morgan Stanley increased their price objective on shares of Dollar General from $80.00 to $85.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Finally, Citigroup upgraded shares of Dollar General from a "sell" rating to a "neutral" rating and increased their price objective for the company from $69.00 to $101.00 in a research note on Monday, April 7th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $96.48.

Dollar General Stock Performance

Shares of DG stock traded up $0.80 during trading hours on Friday, reaching $101.44. The stock had a trading volume of 2,238,989 shares, compared to its average volume of 4,025,916. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $145.94. The firm has a 50-day simple moving average of $90.97 and a 200-day simple moving average of $80.63. The firm has a market capitalization of $22.31 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 2.18 and a beta of 0.27.

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 for the quarter, topping analysts' consensus estimates of $1.51 by $0.17. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business had revenue of $10.30 billion for the quarter, compared to analysts' expectations of $10.26 billion. During the same quarter last year, the company earned $1.83 EPS. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, equities analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were paid a dividend of $0.59 per share. The ex-dividend date was Tuesday, April 8th. This represents a $2.36 annualized dividend and a yield of 2.33%. Dollar General's payout ratio is 46.18%.

Insider Buying and Selling at Dollar General

In other Dollar General 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 transaction of $76,628.48. Following the transaction, the executive vice president now owns 48,532 shares of the company's stock, 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 Securities & Exchange Commission, which is available at this hyperlink. 0.56% of the stock is owned by corporate insiders.

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.