Three Seasons Wealth LLC acquired a new stake in shares of Dollar General Corporation (NYSE:DG – Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,139 shares of the company’s stock, valued at approximately $491,000.
Several other institutional investors also recently bought and sold shares of DG. Vanguard Group Inc. lifted its stake in shares of Dollar General by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 27,309,045 shares of the company’s stock worth $3,625,822,000 after purchasing an additional 412,542 shares during the last quarter. State Street Corp grew its stake in Dollar General by 0.5% in the fourth quarter. State Street Corp now owns 11,017,002 shares of the company’s stock valued at $1,462,727,000 after purchasing an additional 53,624 shares during the last quarter. Morgan Stanley raised its holdings in Dollar General by 35.0% in the fourth quarter. Morgan Stanley now owns 6,270,333 shares of the company’s stock worth $832,513,000 after purchasing an additional 1,624,748 shares in the last quarter. Geode Capital Management LLC raised its holdings in Dollar General by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 5,707,809 shares of the company’s stock worth $754,857,000 after purchasing an additional 42,936 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Dollar General by 47.9% during the fourth quarter. AQR Capital Management LLC now owns 3,734,500 shares of the company’s stock valued at $495,830,000 after buying an additional 1,208,892 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.
Dollar General Price Performance
Shares of NYSE DG opened at $121.32 on Thursday. Dollar General Corporation has a fifty-two week low of $95.11 and a fifty-two week high of $158.23. The company has a market cap of $26.76 billion, a PE ratio of 17.16, a P/E/G ratio of 1.83 and a beta of 0.25. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.25 and a current ratio of 1.17. The business has a 50-day simple moving average of $111.40 and a two-hundred day simple moving average of $127.66.
Dollar General Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, July 7th. This represents a $2.36 dividend on an annualized basis and a yield of 1.9%. Dollar General’s dividend payout ratio is presently 33.38%.
Analysts Set New Price Targets
A number of research firms have recently weighed in on DG. Raymond James Financial restated an “outperform” rating and issued a $145.00 price target on shares of Dollar General in a report on Wednesday, June 3rd. Sanford C. Bernstein reiterated an “outperform” rating and set a $149.00 price objective on shares of Dollar General in a research note on Wednesday, June 3rd. UBS Group restated a “buy” rating on shares of Dollar General in a research note on Wednesday, May 27th. Morgan Stanley cut their price target on shares of Dollar General from $150.00 to $132.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 3rd. Finally, Evercore cut their price target on shares of Dollar General from $145.00 to $140.00 in a report on Wednesday, June 3rd. Ten research 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $131.27.
View Our Latest Stock Report 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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