AE Wealth Management LLC raised its holdings in shares of Dollar General Corp. (NYSE:DG) by 42.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,795 shares of the company’s stock after acquiring an additional 1,422 shares during the quarter. AE Wealth Management LLC’s holdings in Dollar General were worth $748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of DG. Schroder Investment Management Group increased its stake in Dollar General by 1,807.6% during the 2nd quarter. Schroder Investment Management Group now owns 130,731 shares of the company’s stock worth $17,670,000 after acquiring an additional 123,878 shares during the period. Keudell Morrison Wealth Management increased its stake in Dollar General by 436.9% during the 2nd quarter. Keudell Morrison Wealth Management now owns 19,550 shares of the company’s stock worth $2,642,000 after acquiring an additional 15,909 shares during the period. Private Advisor Group LLC increased its stake in Dollar General by 193.5% during the 2nd quarter. Private Advisor Group LLC now owns 10,378 shares of the company’s stock worth $1,402,000 after acquiring an additional 6,842 shares during the period. D. E. Shaw & Co. Inc. increased its stake in Dollar General by 257.1% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 172,357 shares of the company’s stock worth $23,296,000 after acquiring an additional 124,097 shares during the period. Finally, CSat Investment Advisory L.P. increased its stake in Dollar General by 526.6% during the 2nd quarter. CSat Investment Advisory L.P. now owns 495 shares of the company’s stock worth $67,000 after acquiring an additional 416 shares during the period. 92.49% of the stock is currently owned by institutional investors and hedge funds.
NYSE DG opened at $157.99 on Tuesday. The company has a quick ratio of 0.13, a current ratio of 1.12 and a debt-to-equity ratio of 1.57. Dollar General Corp. has a twelve month low of $108.74 and a twelve month high of $166.98. The company has a market cap of $40.22 billion, a price-to-earnings ratio of 24.72, a price-to-earnings-growth ratio of 2.08 and a beta of 0.50. The business’s fifty day moving average is $155.37 and its 200 day moving average is $152.34.
Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, December 5th. The company reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.04. Dollar General had a return on equity of 25.53% and a net margin of 6.09%. The company had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $6.89 billion. During the same quarter last year, the business posted $1.26 EPS. Dollar General’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, research analysts anticipate that Dollar General Corp. will post 6.65 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Monday, January 6th. Dollar General’s dividend payout ratio (DPR) is 21.44%.
A number of equities analysts have commented on the company. Zacks Investment Research lowered Dollar General from a “buy” rating to a “hold” rating and set a $164.00 price objective on the stock. in a research note on Friday, December 6th. Telsey Advisory Group lifted their price target on Dollar General from $168.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Guggenheim reiterated a “buy” rating and issued a $165.00 price target on shares of Dollar General in a research note on Monday, December 2nd. Citigroup lifted their price target on Dollar General from $148.00 to $184.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Finally, Wells Fargo & Co reiterated a “hold” rating on shares of Dollar General in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $162.95.
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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