Zurcher Kantonalbank Zurich Cantonalbank Purchases 20,166 Shares of Dollar General Co. (NYSE:DG)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Dollar General Co. (NYSE:DG) by 46.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 63,816 shares of the company’s stock after acquiring an additional 20,166 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Dollar General were worth $4,839,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in Dollar General in the 3rd quarter worth about $33,000. Providence First Trust Co bought a new stake in shares of Dollar General in the fourth quarter worth approximately $33,000. Bogart Wealth LLC raised its holdings in shares of Dollar General by 279.8% during the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock valued at $37,000 after purchasing an additional 361 shares during the last quarter. OFI Invest Asset Management bought a new position in Dollar General during the fourth quarter valued at approximately $37,000. Finally, Venturi Wealth Management LLC boosted its holdings in Dollar General by 126.4% in the fourth quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock worth $38,000 after purchasing an additional 278 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analyst Ratings Changes

DG has been the subject of a number of research reports. Bank of America decreased their target price on shares of Dollar General from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday. UBS Group reduced their price objective on Dollar General from $108.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. The Goldman Sachs Group dropped their target price on Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Barclays reduced their price target on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, January 9th. Finally, BMO Capital Markets raised their price objective on shares of Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $92.26.

Insiders Place Their Bets

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total value of $451,620.00. Following the completion of the transaction, the director now directly owns 120,322 shares of the company’s stock, valued at $9,056,636.94. This trade represents a 4.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.49% of the company’s stock.

Dollar General Price Performance

DG stock opened at $79.15 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The company’s fifty day moving average price is $73.69 and its 200-day moving average price is $78.39. Dollar General Co. has a one year low of $66.43 and a one year high of $164.12. The company has a market capitalization of $17.41 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.51 by $0.17. The business had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.83 EPS. On average, equities analysts anticipate that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General’s payout ratio is 38.88%.

Dollar General Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.