US Bancorp DE cut its stake in Dollar General Corp. (NYSE:DG) by 3.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,177 shares of the company’s stock after selling 1,555 shares during the period. US Bancorp DE’s holdings in Dollar General were worth $4,134,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Commerce Bank raised its holdings in shares of Dollar General by 5.4% during the 1st quarter. Commerce Bank now owns 10,191 shares of the company’s stock worth $953,000 after buying an additional 522 shares in the last quarter. Wetherby Asset Management Inc. raised its holdings in shares of Dollar General by 22.7% during the 1st quarter. Wetherby Asset Management Inc. now owns 2,877 shares of the company’s stock worth $269,000 after buying an additional 532 shares in the last quarter. FDx Advisors Inc. raised its holdings in shares of Dollar General by 1.2% during the 1st quarter. FDx Advisors Inc. now owns 45,235 shares of the company’s stock worth $4,232,000 after buying an additional 551 shares in the last quarter. Penserra Capital Management LLC raised its holdings in shares of Dollar General by 18.6% during the 4th quarter. Penserra Capital Management LLC now owns 3,640 shares of the company’s stock worth $338,000 after buying an additional 572 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its holdings in shares of Dollar General by 26.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,275 shares of the company’s stock worth $305,000 after buying an additional 675 shares in the last quarter. 90.40% of the stock is owned by hedge funds and other institutional investors.
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A number of equities analysts have recently commented on DG shares. Raymond James reissued an “outperform” rating and set a $105.00 price target (down previously from $110.00) on shares of Dollar General in a report on Monday, April 16th. Morgan Stanley set a $122.00 price objective on Dollar General and gave the stock a “buy” rating in a research report on Wednesday, April 25th. ValuEngine lowered Dollar General from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Credit Suisse Group assumed coverage on Dollar General in a research report on Tuesday, April 17th. They set a “neutral” rating and a $103.00 price objective on the stock. Finally, Wells Fargo & Co restated an “outperform” rating and set a $113.00 price objective (down previously from $117.00) on shares of Dollar General in a research report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $98.57.
Dollar General opened at $96.62 on Friday, according to MarketBeat.com. Dollar General Corp. has a 12 month low of $65.97 and a 12 month high of $105.82. The stock has a market capitalization of $26.32 billion, a price-to-earnings ratio of 21.52, a P/E/G ratio of 1.10 and a beta of 1.01. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.22 and a current ratio of 1.43.
Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, March 15th. The company reported $1.48 EPS for the quarter, meeting analysts’ consensus estimates of $1.48. Dollar General had a return on equity of 21.65% and a net margin of 6.55%. The firm had revenue of $6.13 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the previous year, the company posted $1.49 EPS. The business’s revenue was up 2.0% on a year-over-year basis. equities research analysts expect that Dollar General Corp. will post 6.02 EPS for the current year.
Dollar General declared that its Board of Directors has initiated a share repurchase plan on Thursday, March 15th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
In other Dollar General news, EVP Robert D. Ravener sold 9,874 shares of the company’s stock in a transaction dated Tuesday, April 17th. The stock was sold at an average price of $100.62, for a total value of $993,521.88. Following the sale, the executive vice president now owns 28,307 shares in the company, valued at approximately $2,848,250.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Anita C. Elliott sold 3,000 shares of the company’s stock in a transaction dated Wednesday, April 18th. The shares were sold at an average price of $100.87, for a total value of $302,610.00. Following the completion of the sale, the senior vice president now owns 11,313 shares in the company, valued at approximately $1,141,142.31. The disclosure for this sale can be found here. Insiders sold a total of 22,987 shares of company stock worth $2,242,255 in the last quarter. Corporate insiders own 0.41% of the company’s stock.
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.
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