HRT Financial LLC purchased a new position in Dollar General Corp. (NYSE:DG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,156 shares of the company’s stock, valued at approximately $233,000.
A number of other large investors also recently bought and sold shares of the business. BlackRock Inc. lifted its position in shares of Dollar General by 13.9% during the fourth quarter. BlackRock Inc. now owns 22,207,042 shares of the company’s stock valued at $2,400,135,000 after purchasing an additional 2,709,334 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Dollar General by 2.0% during the third quarter. Vanguard Group Inc. now owns 19,201,573 shares of the company’s stock valued at $2,098,732,000 after purchasing an additional 370,008 shares in the last quarter. Vanguard Group Inc lifted its position in shares of Dollar General by 2.0% during the third quarter. Vanguard Group Inc now owns 19,201,573 shares of the company’s stock valued at $2,098,732,000 after purchasing an additional 370,008 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Dollar General by 10,128.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,752,166 shares of the company’s stock valued at $90,000 after purchasing an additional 9,656,820 shares in the last quarter. Finally, Polen Capital Management LLC lifted its position in shares of Dollar General by 1.5% during the fourth quarter. Polen Capital Management LLC now owns 7,155,529 shares of the company’s stock valued at $773,370,000 after purchasing an additional 105,776 shares in the last quarter. Institutional investors and hedge funds own 98.05% of the company’s stock.
In other news, EVP Rhonda Taylor sold 16,636 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $119.64, for a total value of $1,990,331.04. Following the completion of the sale, the executive vice president now directly owns 33,513 shares in the company, valued at approximately $4,009,495.32. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Robert D. Ravener sold 78,987 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $117.78, for a total transaction of $9,303,088.86. Following the completion of the sale, the executive vice president now 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 quarter, insiders have sold 143,255 shares of company stock valued at $17,037,351. 0.41% of the stock is currently owned by company insiders.
Dollar General (NYSE:DG) last announced its earnings results on Thursday, March 14th. The company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.89 by ($0.05). Dollar General had a net margin of 6.20% and a return on equity of 25.04%. The company had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $6.61 billion. During the same quarter in the previous year, the firm earned $1.48 earnings per share. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. As a group, research analysts anticipate that Dollar General Corp. will post 6.42 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were given a dividend of $0.32 per share. The ex-dividend date was Monday, April 8th. This is a positive change from Dollar General’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a yield of 1.02%. Dollar General’s payout ratio is presently 21.44%.
A number of analysts recently issued reports on DG shares. ValuEngine upgraded shares of Dollar General from a “hold” rating to a “buy” rating in a report on Wednesday, December 26th. Morgan Stanley set a $115.00 price objective on shares of Dollar General and gave the stock a “buy” rating in a report on Wednesday, December 26th. JPMorgan Chase & Co. lifted their target price on shares of Dollar General to $123.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 9th. BMO Capital Markets started coverage on shares of Dollar General in a research note on Thursday, January 10th. They issued an “outperform” rating and a $115.50 target price for the company. Finally, Wells Fargo & Co lifted their target price on shares of Dollar General from $118.00 to $129.00 and gave the stock an “outperform” rating in a research note on Friday, January 11th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $120.20.
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About Dollar General
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.
See Also: Return on Equity (ROE)
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