Elkfork Partners LLC Has $3.41 Million Position in Dollar General Corp. (DG)

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.

How to Become a New Pot Stock Millionaire

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 (NYSE:DG) last released its earnings results on Thursday, March 15th. The company reported $1.48 EPS for the quarter, meeting the consensus estimate of $1.48. Dollar General had a net margin of 6.55% and a return on equity of 21.65%. The firm had revenue of $6.13 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same period last year, the firm earned $1.49 EPS. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. equities analysts expect that Dollar General Corp. will post 6.01 earnings per share for the current fiscal year.

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.

ILLEGAL ACTIVITY NOTICE: This report was posted by Ticker Report and is the property of of Ticker Report. If you are reading this report on another publication, it was copied illegally and republished in violation of US and international trademark and copyright law. The original version of this report can be viewed at https://www.tickerreport.com/banking-finance/3301380/elkfork-partners-llc-has-3-41-million-position-in-dollar-general-corp-dg.html.

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.

Want to see what other hedge funds are holding DG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar General Corp. (NYSE:DG).

Institutional Ownership by Quarter for Dollar General (NYSE:DG)

Receive News & Ratings for Dollar General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Computer Task Group  Given Daily News Impact Rating of 0.02
Computer Task Group Given Daily News Impact Rating of 0.02
Worthington Industries  versus Companhia Sider?rgica Nacional  Financial Comparison
Worthington Industries versus Companhia Sider?rgica Nacional Financial Comparison
Critical Contrast: ManTech International  & Premier
Critical Contrast: ManTech International & Premier
Analyzing Omega Flex  & Sunrun
Analyzing Omega Flex & Sunrun
Financial Survey: Red Rock Resorts  versus Its Rivals
Financial Survey: Red Rock Resorts versus Its Rivals
CTI BioPharma  vs. Amarin  Head to Head Review
CTI BioPharma vs. Amarin Head to Head Review


© 2006-2018 Ticker Report. Google+.