Los Angeles Capital Management LLC lessened its position in Dollar General Corporation (NYSE:DG – Free Report) by 35.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 257,857 shares of the company’s stock after selling 143,908 shares during the period. Los Angeles Capital Management LLC owned 0.12% of Dollar General worth $34,236,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of DG. Fideuram Asset Management Ireland dac acquired a new position in Dollar General in the 4th quarter worth about $25,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Dollar General by 69.3% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 193 shares of the company’s stock worth $26,000 after purchasing an additional 79 shares in the last quarter. Eastern Bank acquired a new position in Dollar General in the 4th quarter worth about $35,000. Flagship Harbor Advisors LLC acquired a new position in Dollar General in the 4th quarter worth about $36,000. Finally, Basepoint Wealth LLC acquired a new position in Dollar General in the 4th quarter worth about $39,000. Institutional investors and hedge funds own 91.77% of the company’s stock.
Dollar General Stock Down 0.1%
Shares of Dollar General stock opened at $103.57 on Monday. Dollar General Corporation has a one year low of $95.11 and a one year high of $158.23. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.17 and a quick ratio of 0.25. The stock’s 50-day moving average is $113.86 and its 200 day moving average is $128.74. The firm has a market cap of $22.85 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 1.59 and a beta of 0.26.
Dollar General Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, July 7th. This represents a $2.36 annualized dividend and a dividend yield of 2.3%. Dollar General’s dividend payout ratio is presently 33.38%.
Key Dollar General News
Here are the key news stories impacting Dollar General this week:
- Positive Sentiment: KeyCorp raised its earnings estimates for Dollar General, nudging expected profitability higher across upcoming quarters and signaling confidence in the company’s longer-term earnings power. Dollar General analyst estimate updates
- Positive Sentiment: Several analyst roundups highlighted Dollar General as a stock that analysts remain bullish on within consumer goods, suggesting some support from Wall Street despite recent volatility. Analysts Are Bullish on These Consumer Goods Stocks: Dollar General (DG), Philip Morris (PM)
- Positive Sentiment: Another analyst roundup again included Dollar General among consumer staples names receiving favorable views, reinforcing that some investors still see value in the shares. Analysts Are Bullish on These Consumer Goods Stocks: McCormick & Company (MKC), Dollar General (DG)
- Neutral Sentiment: MarketWatch said Dollar General underperformed its peers, indicating the stock is lagging competitor performance even if there is no new company-specific shock. Dollar General stock underperforms Thursday when compared to competitors
- Neutral Sentiment: Commentary around recent retail earnings suggests DG may be benefiting from value-conscious shoppers, but investors are still weighing that against cautious guidance and a weak broader retail sentiment. Why Walmart and Other Consumer Stocks Aren’t Getting the Gains They Deserve
- Negative Sentiment: Recent coverage noted that Dollar General’s stock has been weaker since its latest earnings report and that its cautious outlook is still weighing on sentiment. Dollar General’s Q1 Beat Driven By Cost Control As CEO Exit Looms
- Negative Sentiment: Dollar General also faced a cut in price target from Daiwa and a downgrade from Freedom Capital, which adds to pressure on the stock and suggests some analysts see limited near-term upside. Daiwa Securities price target adjustment on Dollar General
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on DG. Weiss Ratings reissued a “hold (c)” rating on shares of Dollar General in a research note on Friday, April 10th. Jefferies Financial Group decreased their price target on Dollar General from $155.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. Sanford C. Bernstein reissued an “outperform” rating and issued a $149.00 price target on shares of Dollar General in a research note on Wednesday. KeyCorp reissued a “sector weight” rating on shares of Dollar General in a research note on Friday, March 13th. Finally, Evercore decreased their price target on Dollar General from $145.00 to $140.00 in a research note on Wednesday, June 3rd. Ten equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $131.27.
About Dollar General
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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