Inceptionr LLC acquired a new stake in shares of Dollar General Corporation (NYSE:DG – Free Report) during the 1st quarter, Holdings Channel reports. The fund acquired 11,001 shares of the company’s stock, valued at approximately $1,306,000.
Other large investors also recently modified their holdings of the company. Fideuram Asset Management Ireland dac bought a new stake in Dollar General during the 4th quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd grew its holdings in Dollar General by 4,550.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 186 shares of the company’s stock valued at $25,000 after buying an additional 182 shares in the last quarter. Evergreen Advisors LLC purchased a new position in shares of Dollar General in the first quarter worth $25,000. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Dollar General by 69.3% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 193 shares of the company’s stock worth $26,000 after acquiring an additional 79 shares during the last quarter. Finally, Reflection Asset Management purchased a new position in Dollar General during the fourth quarter valued at $28,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.
Dollar General Stock Down 4.1%
Shares of DG opened at $115.30 on Friday. The company has a quick ratio of 0.25, a current ratio of 1.17 and a debt-to-equity ratio of 0.52. The business has a fifty day moving average of $113.25 and a 200 day moving average of $127.13. The company has a market cap of $25.43 billion, a PE ratio of 16.31, a P/E/G ratio of 1.83 and a beta of 0.25. Dollar General Corporation has a 52-week low of $95.11 and a 52-week high of $158.23.
Dollar General Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $2.36 annualized dividend and a yield of 2.0%. Dollar General’s dividend payout ratio (DPR) is presently 33.38%.
Analyst Upgrades and Downgrades
Several research firms have commented on DG. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Dollar General from $110.00 to $114.00 and gave the company a “hold” rating in a report on Thursday, June 4th. Telsey Advisory Group dropped their price target on Dollar General from $140.00 to $125.00 and set a “market perform” rating for the company in a research note on Wednesday, June 3rd. Rothschild & Co Redburn reduced their price objective on Dollar General from $111.00 to $90.00 and set a “sell” rating on the stock in a research note on Monday, May 18th. UBS Group reaffirmed a “buy” rating on shares of Dollar General in a report on Wednesday, May 27th. Finally, Evercore cut their target price on shares of Dollar General from $145.00 to $140.00 in a report on Wednesday, June 3rd. Ten analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $131.27.
Read Our Latest Stock Report on Dollar General
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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