Windsor Group LTD boosted its position in Dollar General (NYSE:DG) by 19.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 4,444 shares of the company’s stock after purchasing an additional 737 shares during the period. Windsor Group LTD’s holdings in Dollar General were worth $416,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the business. Haverford Financial Services Inc. grew its position in shares of Dollar General by 88.2% during the 1st quarter. Haverford Financial Services Inc. now owns 6,400 shares of the company’s stock valued at $599,000 after acquiring an additional 3,000 shares during the period. Tredje AP fonden grew its position in shares of Dollar General by 9.4% during the 1st quarter. Tredje AP fonden now owns 24,092 shares of the company’s stock valued at $2,254,000 after acquiring an additional 2,080 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Dollar General by 16.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 85,468 shares of the company’s stock valued at $8,001,000 after acquiring an additional 11,798 shares during the period. Teacher Retirement System of Texas grew its position in shares of Dollar General by 205.6% during the 1st quarter. Teacher Retirement System of Texas now owns 228,535 shares of the company’s stock valued at $21,379,000 after acquiring an additional 153,744 shares during the period. Finally, Washington Capital Management Inc. grew its position in shares of Dollar General by 23.0% during the 1st quarter. Washington Capital Management Inc. now owns 4,550 shares of the company’s stock valued at $426,000 after acquiring an additional 850 shares during the period. 90.69% of the stock is owned by institutional investors and hedge funds.
Shares of DG stock opened at $96.73 on Friday. The company has a market cap of $26.27 billion, a P/E ratio of 21.07, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.22 and a current ratio of 1.43. Dollar General has a 12 month low of $65.97 and a 12 month high of $105.82.
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 24th. Shareholders of record on Tuesday, April 10th were paid a $0.29 dividend. The ex-dividend date of this dividend was Monday, April 9th. This is a boost from Dollar General’s previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a yield of 1.20%. Dollar General’s dividend payout ratio is currently 25.84%.
Dollar General announced that its board has authorized a stock buyback plan on Thursday, March 15th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.
A number of research analysts have recently weighed in on the stock. Moffett Nathanson downgraded shares of Dollar General from a “neutral” rating to a “sell” rating in a research report on Friday, May 11th. ValuEngine downgraded shares of Dollar General from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Morgan Stanley set a $122.00 target price on shares of Dollar General and gave the company a “buy” rating in a research report on Wednesday, April 25th. Credit Suisse Group assumed coverage on shares of Dollar General in a research report on Tuesday, April 17th. They set a “neutral” rating and a $103.00 target price for the company. Finally, JPMorgan Chase raised shares of Dollar General from a “neutral” rating to an “overweight” rating and set a $70.00 target price for the company in a research report on Tuesday, April 17th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $98.57.
In other Dollar General news, SVP Michael J. Kindy sold 8,221 shares of the stock in a transaction that occurred on Monday, March 26th. The shares were sold at an average price of $93.05, for a total value of $764,964.05. Following the sale, the senior vice president now directly owns 9,850 shares in the company, valued at approximately $916,542.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Anita C. Elliott sold 3,000 shares of the stock in a transaction that occurred on Wednesday, April 18th. The stock was sold at an average price of $100.87, for a total transaction of $302,610.00. Following the completion of the sale, the senior vice president now owns 11,313 shares in the company, valued at $1,141,142.31. The disclosure for this sale can be found here. Insiders sold a total of 22,987 shares of company stock worth $2,242,255 over the last quarter. Corporate insiders own 0.41% of the company’s stock.
Dollar General 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 comprising paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food products, such as cereals, canned soups and vegetables, condiments, spices, sugar, and flour; perishables consisting of milk, eggs, bread, refrigerated and frozen food, beer, and wine; snacks that comprise candies, cookies, crackers, salty snacks, and carbonated beverages; health and beauty products, such as over-the-counter medicines, as well as soap, body wash, shampoo, dental hygiene, and foot care products; pet products, which include pet supplies and pet food; and tobacco products.
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