Dollar General Corp. (DG) Stake Raised by DF Dent & Co. Inc.

DF Dent & Co. Inc. grew its position in Dollar General Corp. (NYSE:DG) by 169.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,750 shares of the company’s stock after purchasing an additional 4,876 shares during the period. DF Dent & Co. Inc.’s holdings in Dollar General were worth $721,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Dollar General by 168.0% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,218,589 shares of the company’s stock valued at $1,314,516,000 after buying an additional 10,167,321 shares during the last quarter. Longview Partners Guernsey LTD raised its holdings in shares of Dollar General by 0.8% in the fourth quarter. Longview Partners Guernsey LTD now owns 11,417,858 shares of the company’s stock valued at $1,061,975,000 after buying an additional 96,198 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Dollar General by 2.3% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,888,589 shares of the company’s stock valued at $642,060,000 after buying an additional 178,400 shares during the last quarter. Capital International Investors raised its holdings in shares of Dollar General by 14.0% in the third quarter. Capital International Investors now owns 6,428,000 shares of the company’s stock valued at $520,989,000 after buying an additional 791,600 shares during the last quarter. Finally, Polen Capital Management LLC raised its holdings in shares of Dollar General by 0.8% in the fourth quarter. Polen Capital Management LLC now owns 4,977,513 shares of the company’s stock valued at $462,958,000 after buying an additional 41,833 shares during the last quarter. Institutional investors own 90.86% of the company’s stock.

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Dollar General Corp. (NYSE:DG) opened at $94.04 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.43 and a quick ratio of 0.22. Dollar General Corp. has a 12-month low of $65.97 and a 12-month high of $105.82. The stock has a market capitalization of $25,915.31, a P/E ratio of 20.79, a P/E/G ratio of 1.37 and a beta of 1.05.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, March 15th. The company reported $1.48 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.48. Dollar General had a return on equity of 21.65% and a net margin of 6.55%. The business had revenue of $6.13 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same period in the previous year, the firm earned $1.49 EPS. Dollar General’s quarterly revenue was up 2.0% compared to the same quarter last year. research analysts anticipate that Dollar General Corp. will post 6.05 earnings per share for the current fiscal year.

Dollar General declared that its Board of Directors has initiated a stock buyback plan on Thursday, March 15th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 24th. Investors of record on Tuesday, April 10th will be given a $0.29 dividend. This is a positive change from Dollar General’s previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a dividend yield of 1.23%. Dollar General’s payout ratio is currently 18.37%.

Several analysts have weighed in on the company. Loop Capital boosted their price objective on Dollar General from $87.00 to $97.00 and gave the stock a “hold” rating in a report on Thursday, March 15th. They noted that the move was a valuation call. Morgan Stanley set a $121.00 price objective on Dollar General and gave the stock a “buy” rating in a report on Friday. Royal Bank of Canada dropped their price objective on Dollar General to $101.00 and set an “outperform” rating for the company in a report on Wednesday, March 14th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $103.00 price objective (up from $94.00) on shares of Dollar General in a report on Thursday, February 22nd. Finally, Argus reissued a “hold” rating on shares of Dollar General in a report on Thursday, February 8th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Dollar General currently has a consensus rating of “Buy” and an average target price of $95.60.

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About Dollar General

Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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