Leuthold Group LLC raised its stake in shares of Dollar General Co. (NYSE:DG) by 0.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 52,995 shares of the company’s stock after acquiring an additional 148 shares during the period. Dollar General makes up 1.4% of Leuthold Group LLC’s investment portfolio, making the stock its 17th biggest holding. Leuthold Group LLC’s holdings in Dollar General were worth $11,242,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Dollar General by 6.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 72,275 shares of the company’s stock worth $15,640,000 after buying an additional 4,481 shares in the last quarter. Liberty Wealth Management LLC raised its stake in shares of Dollar General by 14,505.9% during the 2nd quarter. Liberty Wealth Management LLC now owns 69,086 shares of the company’s stock worth $319,000 after buying an additional 68,613 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in shares of Dollar General during the 2nd quarter worth approximately $6,002,000. Stifel Financial Corp raised its stake in shares of Dollar General by 1.3% during the 2nd quarter. Stifel Financial Corp now owns 143,777 shares of the company’s stock worth $31,116,000 after buying an additional 1,915 shares in the last quarter. Finally, Philadelphia Trust Co. purchased a new position in shares of Dollar General during the 2nd quarter worth approximately $306,000. 91.05% of the stock is owned by hedge funds and other institutional investors.
DG has been the subject of a number of analyst reports. Morgan Stanley downgraded Dollar General from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $250.00 to $225.00 in a research note on Tuesday, January 18th. BMO Capital Markets restated a “buy” rating and issued a $250.00 price target on shares of Dollar General in a report on Friday, December 3rd. Wells Fargo & Company cut Dollar General from an “overweight” rating to an “equal weight” rating and set a $220.00 price target on the stock. in a report on Thursday, January 6th. Deutsche Bank Aktiengesellschaft lowered their price target on Dollar General from $254.00 to $251.00 and set a “buy” rating on the stock in a report on Friday, December 3rd. Finally, Truist Financial assumed coverage on Dollar General in a report on Thursday, January 13th. They issued a “hold” rating and a $228.00 price target on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $239.89.
In other Dollar General news, Director Patricia Filikrushel sold 876 shares of the firm’s stock in a transaction dated Tuesday, December 7th. The stock was sold at an average price of $222.34, for a total value of $194,769.84. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Todd J. Vasos sold 337,456 shares of the firm’s stock in a transaction dated Friday, December 3rd. The shares were sold at an average price of $220.97, for a total value of $74,567,652.32. The disclosure for this sale can be found here. Insiders sold 367,744 shares of company stock worth $81,330,122 over the last three months. 0.73% of the stock is currently owned by corporate insiders.
Shares of DG opened at $202.36 on Monday. The company has a current ratio of 1.08, a quick ratio of 0.15 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $46.89 billion, a P/E ratio of 19.82, a price-to-earnings-growth ratio of 1.48 and a beta of 0.56. The stock’s fifty day simple moving average is $221.41 and its 200 day simple moving average is $222.57. Dollar General Co. has a twelve month low of $173.50 and a twelve month high of $240.14.
Dollar General (NYSE:DG) last issued its earnings results on Thursday, December 2nd. The company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.07. The business had revenue of $8.52 billion for the quarter, compared to analyst estimates of $8.50 billion. Dollar General had a return on equity of 38.74% and a net margin of 7.19%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the company posted $2.31 EPS. Sell-side analysts predict that Dollar General Co. will post 10.17 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 18th. Shareholders of record on Tuesday, January 4th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Monday, January 3rd. Dollar General’s dividend payout ratio (DPR) is presently 16.45%.
Dollar General announced that its Board of Directors has authorized a stock repurchase plan on Thursday, December 2nd that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the company to purchase up to 3.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
Dollar General Profile
Dollar General Corp. engages in the operation of merchandise stores. Its offerings include food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items. It sells brands including Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J.
Further Reading
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