GF Fund Management CO. LTD. reduced its holdings in Dollar General Corporation (NYSE:DG – Free Report) by 59.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,321 shares of the company’s stock after selling 23,668 shares during the period. GF Fund Management CO. LTD.’s holdings in Dollar General were worth $2,167,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Caldwell Trust Co acquired a new position in Dollar General in the second quarter valued at approximately $25,000. Root Financial Partners LLC acquired a new position in Dollar General in the third quarter valued at approximately $26,000. Peoples Financial Services CORP. acquired a new position in Dollar General in the third quarter valued at approximately $35,000. Eastern Bank acquired a new position in Dollar General in the fourth quarter valued at approximately $35,000. Finally, Flagship Harbor Advisors LLC acquired a new position in Dollar General in the fourth quarter valued at approximately $36,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.
Dollar General Trading Up 2.7%
DG opened at $126.81 on Friday. The firm’s fifty day moving average is $135.45 and its two-hundred day moving average is $126.47. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.22 and a current ratio of 1.13. The firm has a market cap of $27.93 billion, a PE ratio of 18.51, a price-to-earnings-growth ratio of 2.00 and a beta of 0.34. Dollar General Corporation has a twelve month low of $86.25 and a twelve month high of $158.23.
Dollar General Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 21st. Shareholders of record on Tuesday, April 7th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, April 7th. This represents a $2.36 annualized dividend and a yield of 1.9%. Dollar General’s dividend payout ratio (DPR) is 34.45%.
Wall Street Analysts Forecast Growth
DG has been the topic of several analyst reports. Truist Financial set a $139.00 price objective on shares of Dollar General in a report on Thursday, March 12th. Wolfe Research restated an “outperform” rating and issued a $165.00 price objective on shares of Dollar General in a report on Thursday, March 12th. Jefferies Financial Group restated a “buy” rating and issued a $170.00 price objective on shares of Dollar General in a report on Thursday, March 12th. KeyCorp restated a “sector weight” rating on shares of Dollar General in a report on Friday, March 13th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Dollar General from $166.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, January 9th. Thirteen research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $146.54.
View Our Latest Stock Analysis on Dollar General
Dollar General Company Profile
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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