Elkfork Partners LLC lowered its holdings in Dollar General Corp. (NYSE:DG) by 23.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,688 shares of the company’s stock after selling 11,426 shares during the period. Elkfork Partners LLC’s holdings in Dollar General were worth $3,412,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Cerebellum GP LLC acquired a new stake in Dollar General in the fourth quarter valued at $130,000. Calton & Associates Inc. acquired a new stake in Dollar General in the fourth quarter valued at $144,000. Fieldpoint Private Securities LLC acquired a new stake in Dollar General in the third quarter valued at $195,000. Premia Global Advisors LLC acquired a new stake in Dollar General in the fourth quarter valued at $195,000. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in Dollar General by 104.9% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,153 shares of the company’s stock valued at $200,000 after acquiring an additional 1,102 shares during the last quarter. 90.86% of the stock is owned by institutional investors and hedge funds.
Shares of Dollar General Corp. (NYSE DG) opened at $90.06 on Monday. The company has a quick ratio of 0.22, a current ratio of 1.43 and a debt-to-equity ratio of 0.43. Dollar General Corp. has a 12 month low of $65.97 and a 12 month high of $105.82. The firm has a market cap of $24,457.05, a PE ratio of 15.91, a price-to-earnings-growth ratio of 1.01 and a beta of 1.05.
Dollar General declared that its board has approved a stock repurchase plan on Thursday, March 15th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 24th. Shareholders of record on Tuesday, April 10th will be issued a $0.29 dividend. This is a positive change from Dollar General’s previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a yield of 1.29%. Dollar General’s dividend payout ratio (DPR) is currently 18.37%.
A number of analysts have recently issued reports on the stock. Loop Capital raised their target price on shares of Dollar General from $87.00 to $97.00 and gave the stock a “hold” rating in a research note on Thursday, March 15th. They noted that the move was a valuation call. Morgan Stanley set a $121.00 target price on shares of Dollar General and gave the stock a “buy” rating in a research note on Friday, March 16th. Royal Bank of Canada cut their target price on shares of Dollar General to $101.00 and set an “outperform” rating for the company in a research note on Wednesday, March 14th. Argus restated a “hold” rating on shares of Dollar General in a research note on Thursday, February 8th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $103.00 target price (up previously from $94.00) on shares of Dollar General in a research note on Thursday, February 22nd. Twelve equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Dollar General has a consensus rating of “Buy” and a consensus price target of $97.07.
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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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