Piedmont Investment Advisors Inc. lifted its stake in shares of Dollar General Corp. (NYSE:DG) by 2.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,603 shares of the company’s stock after acquiring an additional 463 shares during the quarter. Piedmont Investment Advisors Inc.’s holdings in Dollar General were worth $2,816,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in DG. Freestone Capital Holdings LLC raised its holdings in shares of Dollar General by 29.8% during the 1st quarter. Freestone Capital Holdings LLC now owns 12,306 shares of the company’s stock worth $1,468,000 after acquiring an additional 2,828 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in shares of Dollar General during the 1st quarter worth approximately $39,000. Great West Life Assurance Co. Can raised its holdings in shares of Dollar General by 17.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 393,729 shares of the company’s stock worth $46,892,000 after acquiring an additional 59,024 shares in the last quarter. Commerce Bank raised its holdings in shares of Dollar General by 5.6% during the 1st quarter. Commerce Bank now owns 29,153 shares of the company’s stock worth $3,478,000 after acquiring an additional 1,542 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of Dollar General by 17.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,559 shares of the company’s stock worth $2,572,000 after acquiring an additional 3,233 shares in the last quarter. Institutional investors own 96.50% of the company’s stock.
NYSE:DG opened at $121.96 on Friday. Dollar General Corp. has a fifty-two week low of $86.87 and a fifty-two week high of $126.84. The firm has a market cap of $31.61 billion, a P/E ratio of 20.43, a P/E/G ratio of 1.52 and a beta of 0.72. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.19 and a current ratio of 1.55.
Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, March 14th. The company reported $1.84 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.89 by ($0.05). Dollar General had a net margin of 6.20% and a return on equity of 25.04%. The company had revenue of $6.65 billion for the quarter, compared to analysts’ expectations of $6.61 billion. During the same quarter in the previous year, the company posted $1.48 EPS. The business’s quarterly revenue was up 8.5% on a year-over-year basis. Sell-side analysts forecast that Dollar General Corp. will post 6.42 EPS for the current year.
In related news, EVP Robert D. Ravener sold 78,987 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $117.78, for a total transaction of $9,303,088.86. Following the sale, the executive vice president now owns 62,434 shares in the company, valued at approximately $7,353,476.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Robert D. Ravener sold 38,659 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $119.84, for a total value of $4,632,894.56. Following the completion of the sale, the executive vice president now owns 39,739 shares in the company, valued at approximately $4,762,321.76. The disclosure for this sale can be found here. Insiders have sold a total of 143,255 shares of company stock worth $17,037,351 in the last 90 days. 0.55% of the stock is currently owned by insiders.
Several brokerages have recently issued reports on DG. Oppenheimer upped their price objective on Dollar General from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. Bank of America set a $133.00 price objective on Dollar General and gave the stock a “buy” rating in a report on Wednesday, April 10th. Citigroup upped their price objective on Dollar General from $120.00 to $144.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Deutsche Bank cut Dollar General from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. They noted that the move was a valuation call. Finally, Evercore ISI began coverage on Dollar General in a report on Wednesday, March 20th. They set an “underperform” rating and a $95.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have assigned a buy rating to the company. Dollar General currently has an average rating of “Buy” and a consensus target price of $123.35.
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Dollar General Company Profile
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.
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