Wright Investors Service Inc. acquired a new stake in shares of Dollar General Corporation (NYSE:DG – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,079 shares of the company’s stock, valued at approximately $674,000.
Several other institutional investors have also bought and sold shares of DG. Caldwell Trust Co bought a new position in Dollar General during the second quarter valued at $25,000. Root Financial Partners LLC bought a new position in Dollar General during the third quarter valued at $26,000. Peoples Financial Services CORP. bought a new position in Dollar General during the third quarter valued at $35,000. Eastern Bank bought a new position in Dollar General during the fourth quarter valued at $35,000. Finally, Flagship Harbor Advisors LLC bought a new position in Dollar General during the fourth quarter valued at $36,000. Institutional investors own 91.77% of the company’s stock.
Dollar General Price Performance
DG stock opened at $123.65 on Friday. The company has a market capitalization of $27.23 billion, a P/E ratio of 18.05, a PEG ratio of 1.96 and a beta of 0.34. Dollar General Corporation has a twelve month low of $86.25 and a twelve month high of $158.23. The business has a 50 day simple moving average of $135.84 and a 200-day simple moving average of $126.14. The company has a current ratio of 1.13, a quick ratio of 0.22 and a debt-to-equity ratio of 0.54.
Dollar General Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 21st. Investors of record on Tuesday, April 7th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, April 7th. This represents a $2.36 annualized dividend and a dividend yield of 1.9%. Dollar General’s dividend payout ratio (DPR) is currently 34.45%.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on DG. Morgan Stanley reduced their target price on shares of Dollar General from $160.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Friday, March 13th. Argus increased their target price on shares of Dollar General from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Thursday, December 18th. Sanford C. Bernstein reduced their target price on shares of Dollar General from $150.00 to $146.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 25th. JPMorgan Chase & Co. increased their target price on shares of Dollar General from $166.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, January 9th. Finally, Guggenheim reduced their target price on shares of Dollar General from $165.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Thirteen research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Dollar General has an average rating of “Hold” and an average price target of $146.54.
View Our Latest Analysis on DG
Dollar General Company Profile
Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.
Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.
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