Scharf Investments LLC Has $218.97 Million Stake in Dollar General Corp. (DG)
Scharf Investments LLC lowered its holdings in shares of Dollar General Corp. (NYSE:DG) by 1.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 2,701,604 shares of the company’s stock after selling 43,807 shares during the period. Dollar General accounts for approximately 5.3% of Scharf Investments LLC’s holdings, making the stock its 5th largest position. Scharf Investments LLC owned about 0.99% of Dollar General worth $218,965,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of DG. Veritable L.P. lifted its position in Dollar General by 0.7% during the second quarter. Veritable L.P. now owns 4,803 shares of the company’s stock worth $346,000 after acquiring an additional 35 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Dollar General by 2.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock valued at $146,000 after buying an additional 48 shares in the last quarter. Homrich & Berg raised its position in shares of Dollar General by 2.2% in the second quarter. Homrich & Berg now owns 4,379 shares of the company’s stock valued at $316,000 after buying an additional 93 shares in the last quarter. Rothschild Asset Management Inc. raised its position in shares of Dollar General by 1.2% in the second quarter. Rothschild Asset Management Inc. now owns 9,483 shares of the company’s stock valued at $684,000 after buying an additional 111 shares in the last quarter. Finally, Condor Capital Management raised its position in shares of Dollar General by 0.9% in the second quarter. Condor Capital Management now owns 14,292 shares of the company’s stock valued at $1,030,000 after buying an additional 126 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.
Shares of Dollar General Corp. (NYSE DG) traded up $0.48 during trading on Thursday, hitting $90.85. 3,743,000 shares of the company traded hands, compared to its average volume of 2,845,262. The company has a current ratio of 1.42, a quick ratio of 0.18 and a debt-to-equity ratio of 0.47. Dollar General Corp. has a one year low of $65.97 and a one year high of $92.11. The company has a market capitalization of $24,694.42, a PE ratio of 20.04, a price-to-earnings-growth ratio of 1.78 and a beta of 0.96.
Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, December 7th. The company reported $0.93 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.01). Dollar General had a net margin of 5.38% and a return on equity of 22.67%. The firm had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $5.80 billion. During the same period last year, the company posted $0.89 EPS. The business’s revenue was up 11.0% compared to the same quarter last year. equities research analysts anticipate that Dollar General Corp. will post 4.5 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.14%. Dollar General’s dividend payout ratio is presently 23.48%.
DG has been the subject of a number of analyst reports. BMO Capital Markets reiterated a “hold” rating on shares of Dollar General in a research report on Wednesday, September 27th. UBS restated a “buy” rating and set a $99.00 price objective (up from $85.00) on shares of Dollar General in a research report on Monday. Moffett Nathanson assumed coverage on shares of Dollar General in a research report on Monday. They set a “neutral” rating for the company. BidaskClub upgraded shares of Dollar General from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Finally, Deutsche Bank restated a “hold” rating and set a $79.00 price objective on shares of Dollar General in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the company. Dollar General presently has a consensus rating of “Hold” and a consensus target price of $82.93.
In other news, EVP Robert D. Ravener sold 11,257 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $77.00, for a total transaction of $866,789.00. Following the sale, the executive vice president now owns 22,598 shares in the company, valued at approximately $1,740,046. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.22% of the company’s stock.
Dollar General Profile
Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.
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