Dana Investment Advisors Inc. lifted its position in Dollar General Corporation (NYSE:DG – Free Report) by 36.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,170 shares of the company’s stock after purchasing an additional 10,370 shares during the period. Dana Investment Advisors Inc.’s holdings in Dollar General were worth $5,201,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the company. Calamos Advisors LLC raised its stake in Dollar General by 32.9% in the fourth quarter. Calamos Advisors LLC now owns 245,473 shares of the company’s stock worth $32,591,000 after buying an additional 60,746 shares in the last quarter. Bryn Mawr Trust Advisors LLC bought a new position in Dollar General in the third quarter worth approximately $8,803,000. Arista Wealth Management LLC bought a new position in Dollar General in the third quarter worth approximately $351,000. Park Capital Management LLC WI bought a new position in Dollar General in the fourth quarter worth approximately $1,245,000. Finally, Allianz Asset Management GmbH raised its stake in Dollar General by 16.3% in the third quarter. Allianz Asset Management GmbH now owns 805,645 shares of the company’s stock worth $83,263,000 after buying an additional 112,862 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.
Dollar General Price Performance
Shares of DG opened at $102.54 on Friday. The firm has a market capitalization of $22.58 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 1.65 and a beta of 0.28. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.13 and a quick ratio of 0.22. Dollar General Corporation has a 1-year low of $92.11 and a 1-year high of $158.23. The company’s fifty day moving average price is $122.05 and its 200-day moving average price is $128.05.
Dollar General Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 21st. Shareholders of record on Tuesday, April 7th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, April 7th. Dollar General’s dividend payout ratio is presently 34.45%.
Analysts Set New Price Targets
A number of equities analysts recently commented on DG shares. Rothschild & Co Redburn raised shares of Dollar General to a “strong sell” rating in a research note on Wednesday, February 25th. KeyCorp reissued a “sector weight” rating on shares of Dollar General in a research note on Friday, March 13th. BMO Capital Markets boosted their price objective on shares of Dollar General from $130.00 to $145.00 and gave the stock a “market perform” rating in a research note on Friday, February 13th. Barclays reissued an “overweight” rating on shares of Dollar General in a research note on Thursday, March 12th. Finally, Oppenheimer boosted their price objective on shares of Dollar General from $145.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 24th. Thirteen equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $145.00.
View Our Latest Analysis on DG
Dollar General Company Profile
Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.
Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.
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