BLB&B Advisors LLC boosted its position in Dollar General Corp. (NYSE:DG) by 41.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,795 shares of the company’s stock after acquiring an additional 9,568 shares during the period. BLB&B Advisors LLC’s holdings in Dollar General were worth $3,912,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Strs Ohio grew its stake in shares of Dollar General by 135.3% in the first quarter. Strs Ohio now owns 44,145 shares of the company’s stock worth $5,266,000 after acquiring an additional 25,381 shares during the period. WESPAC Advisors LLC grew its position in Dollar General by 7.4% during the first quarter. WESPAC Advisors LLC now owns 5,338 shares of the company’s stock valued at $637,000 after buying an additional 369 shares during the period. Gulf International Bank UK Ltd grew its position in Dollar General by 0.3% during the first quarter. Gulf International Bank UK Ltd now owns 64,368 shares of the company’s stock valued at $7,679,000 after buying an additional 220 shares during the period. Pennsylvania Trust Co boosted its position in shares of Dollar General by 11.8% in the first quarter. Pennsylvania Trust Co now owns 99,929 shares of the company’s stock worth $11,922,000 after purchasing an additional 10,539 shares during the period. Finally, IFM Investors Pty Ltd boosted its position in shares of Dollar General by 7.6% in the first quarter. IFM Investors Pty Ltd now owns 16,595 shares of the company’s stock worth $1,980,000 after purchasing an additional 1,171 shares during the period. 98.45% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Rhonda Taylor sold 16,636 shares of the 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 transaction, the executive vice president now directly owns 33,513 shares of the company’s stock, valued at approximately $4,009,495.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert D. Ravener sold 78,987 shares of the stock in a transaction that occurred on 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. Insiders sold a total of 143,255 shares of company stock valued at $17,037,351 over the last ninety days. 0.55% of the stock is currently owned by insiders.
Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, March 14th. The company reported $1.84 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.89 by ($0.05). The firm had revenue of $6.65 billion for the quarter, compared to analysts’ expectations of $6.61 billion. Dollar General had a net margin of 6.20% and a return on equity of 25.04%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.48 earnings per share. Analysts predict that Dollar General Corp. will post 6.42 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were given a $0.32 dividend. This is a positive change from Dollar General’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Monday, April 8th. Dollar General’s dividend payout ratio (DPR) is presently 21.44%.
A number of research firms have weighed in on DG. Zacks Investment Research lowered shares of Dollar General from a “hold” rating to a “sell” rating in a research report on Tuesday, March 19th. Bank of America set a $133.00 target price on shares of Dollar General and gave the stock a “buy” rating in a report on Wednesday, April 10th. JPMorgan Chase & Co. boosted their target price on shares of Dollar General from $121.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $126.00 price target on shares of Dollar General in a research note on Thursday, March 14th. Finally, BMO Capital Markets upped their price target on shares of Dollar General from $126.00 to $133.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have given a buy rating to the company. Dollar General has an average rating of “Buy” and an average target price of $122.55.
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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