Ontario Teachers Pension Plan Board lessened its stake in Dollar General Corp. (NYSE:DG) by 21.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,755 shares of the company’s stock after selling 1,594 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Dollar General were worth $535,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Dollar General by 168.0% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,218,589 shares of the company’s stock valued at $1,314,516,000 after purchasing an additional 10,167,321 shares in the last quarter. Longview Partners Guernsey LTD lifted its holdings in Dollar General by 0.8% during the fourth quarter. Longview Partners Guernsey LTD now owns 11,417,858 shares of the company’s stock worth $1,061,975,000 after acquiring an additional 96,198 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in Dollar General by 2.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,888,589 shares of the company’s stock worth $642,060,000 after acquiring an additional 178,400 shares during the period. Capital International Investors lifted its holdings in Dollar General by 14.0% during the third quarter. Capital International Investors now owns 6,428,000 shares of the company’s stock worth $520,989,000 after acquiring an additional 791,600 shares during the period. Finally, Polen Capital Management LLC lifted its holdings in Dollar General by 0.8% during the fourth quarter. Polen Capital Management LLC now owns 4,977,513 shares of the company’s stock worth $462,958,000 after acquiring an additional 41,833 shares during the period. Institutional investors own 88.44% of the company’s stock.
DG has been the topic of a number of recent analyst reports. BMO Capital Markets set a $102.00 price target on Dollar General and gave the stock a “hold” rating in a report on Friday, December 8th. Raymond James Financial set a $107.00 price target on Dollar General and gave the stock a “buy” rating in a report on Saturday, December 9th. Zacks Investment Research lowered Dollar General from a “buy” rating to a “hold” rating in a report on Monday, December 11th. Deutsche Bank lifted their price target on Dollar General to $97.00 and gave the stock a “buy” rating in a report on Thursday, December 7th. Finally, Citigroup initiated coverage on Dollar General in a report on Tuesday, January 16th. They set an “outperform” rating and a $112.00 price target on the stock. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $92.26.
Shares of Dollar General Corp. (NYSE DG) opened at $95.52 on Wednesday. The stock has a market capitalization of $26,491.03, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 1.52 and a beta of 1.00. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.41 and a quick ratio of 0.19. Dollar General Corp. has a one year low of $65.97 and a one year high of $105.82.
Dollar General (NYSE:DG) last issued its earnings results on Thursday, December 7th. The company reported $0.93 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.01). The firm had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $5.80 billion. Dollar General had a net margin of 5.31% and a return on equity of 22.58%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.89 earnings per share. equities research analysts predict that Dollar General Corp. will post 4.52 EPS for the current year.
Dollar General Profile
Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.
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