Andra AP fonden acquired a new stake in shares of Dollar General Corp. (NYSE:DG) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 48,300 shares of the company’s stock, valued at approximately $5,762,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Dollar General by 3.2% in the first quarter. BlackRock Inc. now owns 22,910,261 shares of the company’s stock valued at $2,733,192,000 after buying an additional 703,219 shares in the last quarter. Vanguard Group Inc increased its stake in shares of Dollar General by 2.0% in the third quarter. Vanguard Group Inc now owns 19,201,573 shares of the company’s stock valued at $2,098,732,000 after buying an additional 370,008 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Dollar General by 10,128.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,752,166 shares of the company’s stock valued at $90,000 after buying an additional 9,656,820 shares in the last quarter. FMR LLC increased its stake in shares of Dollar General by 21.3% in the fourth quarter. FMR LLC now owns 7,274,966 shares of the company’s stock valued at $786,278,000 after buying an additional 1,278,052 shares in the last quarter. Finally, Polen Capital Management LLC increased its stake in shares of Dollar General by 1.5% in the fourth quarter. Polen Capital Management LLC now owns 7,155,529 shares of the company’s stock valued at $773,370,000 after buying an additional 105,776 shares in the last quarter. 95.15% of the stock is owned by institutional investors.
In other news, EVP Rhonda Taylor sold 16,636 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $119.64, for a total transaction of $1,990,331.04. Following the completion of the transaction, the executive vice president now directly owns 33,513 shares in the company, valued at approximately $4,009,495.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Robert D. Ravener sold 8,973 shares of the business’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $123.82, for a total value of $1,111,036.86. Following the transaction, the executive vice president now owns 17,794 shares of the company’s stock, valued at $2,203,253.08. The disclosure for this sale can be found here. Insiders have sold a total of 143,255 shares of company stock valued at $17,037,351 over the last 90 days. Corporate insiders own 0.55% of the company’s stock.
Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, May 30th. The company reported $1.48 EPS for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.09. The firm had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.57 billion. Dollar General had a return on equity of 25.03% and a net margin of 6.16%. The company’s revenue was up 8.3% on a year-over-year basis. During the same period last year, the company earned $1.36 earnings per share. Equities analysts anticipate that Dollar General Corp. will post 6.44 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 23rd. Stockholders of record on Tuesday, July 9th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a $1.28 annualized dividend and a dividend yield of 0.94%. Dollar General’s payout ratio is currently 21.44%.
A number of analysts have recently weighed in on the company. Oppenheimer raised their target price on Dollar General from $135.00 to $150.00 and gave the company a “top pick” rating in a research note on Thursday. Buckingham Research restated a “positive” rating and issued a $152.00 target price (up from $125.00) on shares of Dollar General in a research note on Friday, May 31st. Bank of America set a $133.00 target price on Dollar General and gave the company a “buy” rating in a research note on Wednesday, April 10th. Citigroup raised their target price on Dollar General from $120.00 to $144.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Deutsche Bank lowered Dollar General from a “buy” rating to a “hold” rating in a research note on Thursday, February 28th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $133.00.
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Dollar General 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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