FineMark National Bank & Trust increased its holdings in shares of Dollar General Corp. (NYSE:DG) by 4.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 64,334 shares of the company’s stock after purchasing an additional 2,897 shares during the period. FineMark National Bank & Trust’s holdings in Dollar General were worth $6,953,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cookson Peirce & Co. Inc. bought a new position in shares of Dollar General in the fourth quarter valued at approximately $1,128,000. HL Financial Services LLC lifted its holdings in shares of Dollar General by 114.2% in the fourth quarter. HL Financial Services LLC now owns 57,303 shares of the company’s stock valued at $6,193,000 after purchasing an additional 30,553 shares in the last quarter. Whittier Trust Co. lifted its holdings in shares of Dollar General by 66.3% in the fourth quarter. Whittier Trust Co. now owns 291 shares of the company’s stock valued at $31,000 after purchasing an additional 116 shares in the last quarter. Westpac Banking Corp lifted its holdings in shares of Dollar General by 258.3% in the fourth quarter. Westpac Banking Corp now owns 70,466 shares of the company’s stock valued at $7,616,000 after purchasing an additional 50,800 shares in the last quarter. Finally, AltraVue Capital LLC bought a new position in shares of Dollar General in the fourth quarter valued at approximately $4,609,000. 99.48% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently weighed in on the company. Zacks Investment Research lowered Dollar General from a “hold” rating to a “sell” rating in a report on Wednesday, February 13th. Wells Fargo & Co raised their target price on Dollar General from $118.00 to $129.00 and gave the company an “outperform” rating in a report on Friday, January 11th. BMO Capital Markets assumed coverage on Dollar General in a report on Thursday, January 10th. They issued an “outperform” rating and a $115.50 target price on the stock. JPMorgan Chase & Co. raised their target price on Dollar General to $123.00 and gave the company an “overweight” rating in a report on Wednesday, January 9th. Finally, Morgan Stanley set a $115.00 target price on Dollar General and gave the company a “buy” rating in a report on Wednesday, December 26th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $111.58.
Shares of Dollar General stock opened at $119.00 on Monday. The firm has a market cap of $31.28 billion, a P/E ratio of 26.50, a price-to-earnings-growth ratio of 1.25 and a beta of 0.72. Dollar General Corp. has a 12 month low of $85.54 and a 12 month high of $120.33. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 1.55.
Dollar General (NYSE:DG) last issued its quarterly earnings results on Tuesday, December 4th. The company reported $1.26 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.26. The business had revenue of $6.42 billion for the quarter, compared to analyst estimates of $6.38 billion. Dollar General had a return on equity of 24.03% and a net margin of 7.24%. Dollar General’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the company posted $0.93 earnings per share. Research analysts anticipate that Dollar General Corp. will post 6.01 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 22nd. Investors of record on Tuesday, January 8th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, January 7th. This represents a $1.16 dividend on an annualized basis and a yield of 0.97%. Dollar General’s dividend payout ratio (DPR) is currently 25.84%.
Dollar General Profile
Dollar General Corp. engages in retailing of merchandise, including consumables, seasonal, home products, and apparel. Its brands include Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J. L.
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