Sankala Group LLC acquired a new stake in Dollar General Corporation (NYSE:DG – Free Report) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 5,132 shares of the company’s stock, valued at approximately $681,000.
A number of other hedge funds have also recently added to or reduced their stakes in DG. Parkside Financial Bank & Trust lifted its stake in shares of Dollar General by 9.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 808 shares of the company’s stock valued at $107,000 after acquiring an additional 69 shares during the last quarter. BOKF NA grew its position in Dollar General by 15.2% during the 4th quarter. BOKF NA now owns 554 shares of the company’s stock worth $74,000 after acquiring an additional 73 shares during the last quarter. Strata Wealth Advisors LLC grew its position in Dollar General by 3.3% during the 4th quarter. Strata Wealth Advisors LLC now owns 2,367 shares of the company’s stock worth $314,000 after acquiring an additional 75 shares during the last quarter. Optimize Financial Inc increased its holdings in Dollar General by 1.4% in the 4th quarter. Optimize Financial Inc now owns 5,550 shares of the company’s stock worth $737,000 after purchasing an additional 76 shares in the last quarter. Finally, Tevis Investment Management raised its position in Dollar General by 0.5% in the third quarter. Tevis Investment Management now owns 16,655 shares of the company’s stock valued at $1,721,000 after purchasing an additional 77 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.
Dollar General Trading Down 0.0%
Shares of DG stock opened at $113.41 on Friday. The company has a market cap of $25.02 billion, a P/E ratio of 16.04, a PEG ratio of 1.72 and a beta of 0.26. The stock has a 50 day simple moving average of $112.32 and a two-hundred day simple moving average of $129.11. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.25 and a current ratio of 1.17. Dollar General Corporation has a fifty-two week low of $95.11 and a fifty-two week high of $158.23.
Dollar General Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Tuesday, July 7th. Dollar General’s dividend payout ratio (DPR) is currently 33.38%.
Analysts Set New Price Targets
A number of brokerages have recently commented on DG. Loop Capital lifted their price target on Dollar General from $110.00 to $115.00 and gave the company a “hold” rating in a research note on Wednesday, June 3rd. Gordon Haskett downgraded Dollar General from a “buy” rating to a “hold” rating and lowered their price objective for the company from $140.00 to $110.00 in a research note on Friday, May 22nd. Raymond James Financial reiterated an “outperform” rating and issued a $145.00 price objective on shares of Dollar General in a report on Wednesday, June 3rd. Telsey Advisory Group cut their target price on shares of Dollar General from $140.00 to $125.00 and set a “market perform” rating on the stock in a research report on Wednesday, June 3rd. Finally, HSBC reduced their target price on shares of Dollar General from $141.00 to $125.00 and set a “hold” rating on the stock in a report on Wednesday, June 3rd. Ten analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Dollar General presently has an average rating of “Hold” and an average target price of $131.27.
View Our Latest Stock Analysis on Dollar General
Dollar General 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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