Franklin Resources Inc. decreased its holdings in shares of Dollar General Corporation (NYSE:DG – Free Report) by 3.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,383,150 shares of the company’s stock after selling 75,257 shares during the quarter. Franklin Resources Inc.’s holdings in Dollar General were worth $316,411,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Dollar General by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 27,309,045 shares of the company’s stock valued at $3,625,822,000 after purchasing an additional 412,542 shares during the period. State Street Corp boosted its stake in Dollar General by 9.1% during the 3rd quarter. State Street Corp now owns 10,963,378 shares of the company’s stock valued at $1,133,065,000 after purchasing an additional 913,373 shares during the period. Geode Capital Management LLC boosted its stake in Dollar General by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 5,707,809 shares of the company’s stock valued at $754,857,000 after purchasing an additional 42,936 shares during the period. Baillie Gifford & Co. lifted its position in shares of Dollar General by 2.1% in the 4th quarter. Baillie Gifford & Co. now owns 3,316,155 shares of the company’s stock worth $440,286,000 after acquiring an additional 68,723 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Dollar General by 3.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,811,797 shares of the company’s stock worth $290,599,000 after acquiring an additional 96,825 shares during the period. Institutional investors own 91.77% of the company’s stock.
Dollar General Price Performance
Dollar General stock opened at $106.80 on Tuesday. 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 company has a market capitalization of $23.56 billion, a PE ratio of 15.11, a price-to-earnings-growth ratio of 1.59 and a beta of 0.26. Dollar General Corporation has a one year low of $95.11 and a one year high of $158.23. The business has a 50 day simple moving average of $113.61 and a 200 day simple moving average of $128.76.
Dollar General Dividend Announcement
The business 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. This represents a $2.36 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Tuesday, July 7th. Dollar General’s dividend payout ratio (DPR) is 33.38%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the company. Wolfe Research reiterated an “outperform” rating and issued a $165.00 price objective on shares of Dollar General in a research report on Thursday, March 12th. Citigroup reduced their price objective on Dollar General from $138.00 to $116.00 and set a “neutral” rating for the company in a research report on Wednesday, June 3rd. BNP Paribas Exane reduced their price objective on Dollar General from $144.00 to $113.00 and set a “neutral” rating for the company in a research report on Wednesday, June 3rd. The Goldman Sachs Group reduced their price objective on Dollar General from $130.00 to $128.00 and set a “neutral” rating for the company in a research report on Wednesday, June 3rd. Finally, Wall Street Zen downgraded Dollar General from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Ten research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $131.27.
Check Out Our Latest Research Report on DG
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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