Nexus Investment Management Inc. lessened its holdings in Dollar General Corp. (NYSE:DG) by 0.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 235,495 shares of the company’s stock after selling 1,718 shares during the period. Dollar General comprises approximately 4.4% of Nexus Investment Management Inc.’s holdings, making the stock its 7th biggest position. Nexus Investment Management Inc. owned approximately 0.09% of Dollar General worth $25,452,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the company. Cornerstone Investment Partners LLC lifted its stake in shares of Dollar General by 32.5% in the 4th quarter. Cornerstone Investment Partners LLC now owns 666,657 shares of the company’s stock worth $72,052,000 after purchasing an additional 163,407 shares during the period. Carroll Financial Associates Inc. raised its stake in Dollar General by 70.5% during the 4th quarter. Carroll Financial Associates Inc. now owns 735 shares of the company’s stock worth $83,000 after acquiring an additional 304 shares during the period. Fenimore Asset Management Inc. raised its stake in Dollar General by 0.6% during the 4th quarter. Fenimore Asset Management Inc. now owns 360,091 shares of the company’s stock worth $38,919,000 after acquiring an additional 2,306 shares during the period. First Hawaiian Bank raised its stake in Dollar General by 93.7% during the 4th quarter. First Hawaiian Bank now owns 13,566 shares of the company’s stock worth $1,466,000 after acquiring an additional 6,563 shares during the period. Finally, Hexavest Inc. raised its stake in Dollar General by 4.2% during the 4th quarter. Hexavest Inc. now owns 505,778 shares of the company’s stock worth $54,664,000 after acquiring an additional 20,354 shares during the period. Hedge funds and other institutional investors own 95.04% of the company’s stock.
In other Dollar General news, EVP Robert D. Ravener sold 32,492 shares of Dollar General stock in a transaction on Tuesday, January 8th. The shares were sold at an average price of $111.63, for a total transaction of $3,627,081.96. Following the completion of the transaction, the executive vice president now directly owns 33,307 shares of the company’s stock, valued at $3,718,060.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.41% of the company’s stock.
A number of research firms have commented on DG. Credit Suisse Group set a $108.00 target price on shares of Dollar General and gave the stock a “hold” rating in a research note on Tuesday, December 4th. Citigroup decreased their target price on shares of Dollar General from $133.00 to $120.00 and set a “buy” rating on the stock in a research note on Monday, December 10th. BMO Capital Markets began coverage on shares of Dollar General in a research note on Thursday. They set an “outperform” rating and a $115.50 target price on the stock. JPMorgan Chase & Co. raised their target price on shares of Dollar General to $123.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 9th. Finally, Buckingham Research began coverage on shares of Dollar General in a research note on Tuesday, September 25th. They set a “buy” rating and a $125.00 target price on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Dollar General has an average rating of “Buy” and an average price target of $111.61.
Shares of DG stock traded down $1.33 on Monday, reaching $114.73. The company’s stock had a trading volume of 44,931 shares, compared to its average volume of 2,627,156. Dollar General Corp. has a 1 year low of $85.54 and a 1 year high of $118.45. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 1.55. The firm has a market cap of $30.36 billion, a PE ratio of 25.55, a price-to-earnings-growth ratio of 1.35 and a beta of 0.76.
Dollar General (NYSE:DG) last posted its earnings results on Tuesday, December 4th. The company reported $1.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.26. Dollar General had a net margin of 7.24% and a return on equity of 24.03%. The firm had revenue of $6.42 billion during the quarter, compared to analyst estimates of $6.38 billion. During the same period last year, the firm posted $0.93 earnings per share. Dollar General’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, equities analysts predict that Dollar General Corp. will post 6.01 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 22nd. Investors of record on Tuesday, January 8th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Monday, January 7th. Dollar General’s dividend payout ratio (DPR) is presently 25.84%.
Dollar General Company 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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