Veriti Management LLC boosted its stake in Dollar General Co. (NYSE:DG – Get Rating) by 4.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,531 shares of the company's stock after buying an additional 258 shares during the period. Veriti Management LLC's holdings in Dollar General were worth $1,603,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of DG. Blair William & Co. IL grew its position in Dollar General by 31.1% in the 4th quarter. Blair William & Co. IL now owns 5,705 shares of the company's stock valued at $1,345,000 after buying an additional 1,352 shares in the last quarter. IHT Wealth Management LLC bought a new position in shares of Dollar General during the 4th quarter valued at about $244,000. LPL Financial LLC boosted its position in shares of Dollar General by 2.0% during the 4th quarter. LPL Financial LLC now owns 101,274 shares of the company's stock valued at $23,884,000 after purchasing an additional 1,945 shares in the last quarter. State Street Corp boosted its position in shares of Dollar General by 1.8% during the 4th quarter. State Street Corp now owns 9,983,184 shares of the company's stock valued at $2,354,334,000 after purchasing an additional 176,588 shares in the last quarter. Finally, Alpha Paradigm Partners LLC bought a new position in shares of Dollar General during the 4th quarter valued at about $181,000. Institutional investors own 91.61% of the company's stock.
Get Dollar General alerts:Insider Activity at Dollar General
In related news, CEO Todd J. Vasos sold 108,145 shares of the firm's stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $239.18, for a total transaction of $25,866,121.10. Following the transaction, the chief executive officer now owns 85,369 shares of the company's stock, valued at $20,418,557.42. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Dollar General news, CEO Todd J. Vasos sold 108,145 shares of the stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $239.18, for a total transaction of $25,866,121.10. Following the transaction, the chief executive officer now owns 85,369 shares in the company, valued at $20,418,557.42. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Todd J. Vasos sold 108,537 shares of the stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $241.09, for a total value of $26,167,185.33. Following the transaction, the chief executive officer now owns 147,006 shares in the company, valued at approximately $35,441,676.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 275,422 shares of company stock valued at $66,271,237. 0.60% of the stock is currently owned by corporate insiders.
Dollar General Price Performance
NYSE DG opened at $241.62 on Monday. The company has a 50 day simple moving average of $246.76 and a 200-day simple moving average of $238.09. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.02 and a quick ratio of 0.10. The firm has a market capitalization of $54.50 billion, a price-to-earnings ratio of 24.07, a price-to-earnings-growth ratio of 2.10 and a beta of 0.42. Dollar General Co. has a 52-week low of $183.25 and a 52-week high of $262.20.Dollar General (NYSE:DG – Get Rating) last posted its quarterly earnings results on Thursday, August 25th. The company reported $2.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.93 by $0.05. The business had revenue of $9.43 billion during the quarter, compared to analyst estimates of $9.40 billion. Dollar General had a net margin of 6.55% and a return on equity of 37.64%. The firm's revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.69 earnings per share. Equities research analysts predict that Dollar General Co. will post 11.56 earnings per share for the current fiscal year.
Dollar General Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 18th. Investors of record on Tuesday, October 4th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 0.91%. The ex-dividend date is Monday, October 3rd. Dollar General's payout ratio is presently 21.91%.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on DG shares. Wells Fargo & Company raised their price objective on shares of Dollar General from $260.00 to $275.00 and gave the company an "overweight" rating in a research report on Monday, August 22nd. Oppenheimer raised their target price on shares of Dollar General from $240.00 to $275.00 and gave the stock an "outperform" rating in a report on Tuesday, July 19th. Raymond James raised their target price on shares of Dollar General from $260.00 to $285.00 and gave the stock a "strong-buy" rating in a report on Friday, August 26th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Dollar General from $266.00 to $265.00 and set a "buy" rating for the company in a report on Monday, August 29th. Finally, StockNews.com upgraded shares of Dollar General from a "hold" rating to a "buy" rating in a report on Friday, August 26th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Dollar General presently has a consensus rating of "Moderate Buy" and a consensus target price of $269.85.
Dollar General Profile
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Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits 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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