Vestor Capital LLC increased its position in shares of Dollar General Corporation (NYSE:DG – Free Report) by 663.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,979 shares of the company’s stock after acquiring an additional 25,185 shares during the period. Vestor Capital LLC’s holdings in Dollar General were worth $3,441,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Life Cycle Investment Partners Ltd acquired a new stake in shares of Dollar General during the fourth quarter worth about $363,299,000. AQR Capital Management LLC grew its holdings in shares of Dollar General by 416.4% in the third quarter. AQR Capital Management LLC now owns 2,525,608 shares of the company’s stock valued at $259,759,000 after purchasing an additional 2,036,573 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Dollar General by 24,882.5% in the fourth quarter. Bessemer Group Inc. now owns 1,694,315 shares of the company’s stock valued at $224,953,000 after purchasing an additional 1,687,533 shares in the last quarter. Morgan Stanley increased its stake in Dollar General by 35.0% during the 4th quarter. Morgan Stanley now owns 6,270,333 shares of the company’s stock worth $832,513,000 after buying an additional 1,624,748 shares during the period. Finally, SG Americas Securities LLC increased its stake in Dollar General by 2,208.2% during the 1st quarter. SG Americas Securities LLC now owns 1,554,918 shares of the company’s stock worth $184,615,000 after buying an additional 1,487,554 shares during the period. 91.77% of the stock is currently owned by hedge funds and other institutional investors.
Dollar General Trading Down 0.7%
NYSE:DG opened at $127.72 on Friday. Dollar General Corporation has a 1 year low of $95.11 and a 1 year high of $158.23. The stock has a market cap of $28.17 billion, a P/E ratio of 18.06, a P/E/G ratio of 1.96 and a beta of 0.25. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.25 and a current ratio of 1.17. The stock has a 50-day simple moving average of $115.27 and a 200-day simple moving average of $126.48.
Dollar General Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $2.36 dividend on an annualized basis and a yield of 1.8%. Dollar General’s dividend payout ratio (DPR) is presently 33.38%.
Analyst Ratings Changes
Several equities analysts have commented on DG shares. Gordon Haskett cut shares of Dollar General from a “buy” rating to a “hold” rating and decreased their price target for the company from $140.00 to $110.00 in a research report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft upped their price objective on Dollar General from $110.00 to $114.00 and gave the stock a “hold” rating in a research report on Thursday, June 4th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $149.00 price objective on shares of Dollar General in a research note on Wednesday, June 3rd. BMO Capital Markets decreased their target price on Dollar General from $135.00 to $120.00 and set a “market perform” rating for the company in a report on Wednesday, June 3rd. Finally, Jefferies Financial Group lowered their target price on Dollar General from $155.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. Ten equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $131.27.
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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