Public Employees Retirement Association of Colorado lessened its stake in shares of Dollar General Corp. (NYSE:DG) by 0.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 48,253 shares of the company’s stock after selling 223 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Dollar General were worth $5,215,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the business. Northwest Bancshares Inc. grew its position in Dollar General by 26.8% during the 4th quarter. Northwest Bancshares Inc. now owns 21,014 shares of the company’s stock worth $2,271,000 after purchasing an additional 4,446 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC grew its position in Dollar General by 173.8% during the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 2,026 shares of the company’s stock worth $219,000 after purchasing an additional 1,286 shares during the last quarter. Norinchukin Bank The grew its position in Dollar General by 41.0% during the 4th quarter. Norinchukin Bank The now owns 48,158 shares of the company’s stock worth $5,205,000 after purchasing an additional 14,004 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new stake in shares of Dollar General in the 4th quarter valued at $2,234,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of Dollar General by 0.6% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 35,955 shares of the company’s stock valued at $3,877,000 after acquiring an additional 201 shares during the last quarter. 98.20% of the stock is currently owned by institutional investors.
DG opened at $118.38 on Friday. The company has a quick ratio of 0.22, a current ratio of 1.55 and a debt-to-equity ratio of 0.46. Dollar General Corp. has a 1 year low of $85.54 and a 1 year high of $120.33. The firm has a market capitalization of $31.12 billion, a P/E ratio of 26.37, a PEG ratio of 1.24 and a beta of 0.72.
Dollar General (NYSE:DG) last posted its earnings results on Tuesday, December 4th. The company reported $1.26 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 analysts’ expectations of $6.38 billion. During the same period in the previous year, the business posted $0.93 EPS. The business’s revenue was up 8.7% compared to the same quarter last year. As a group, equities research analysts forecast that Dollar General Corp. will post 6.01 earnings per share for the current fiscal year.
In related news, EVP Robert D. Ravener sold 32,492 shares of the business’s stock in a transaction on Tuesday, January 8th. The shares were sold at an average price of $111.63, for a total value of $3,627,081.96. Following the completion of the transaction, the executive vice president now directly owns 33,307 shares in the company, valued at approximately $3,718,060.41. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.41% of the company’s stock.
DG has been the topic of several recent research reports. Morgan Stanley set a $115.00 price objective on shares of Dollar General and gave the company a “buy” rating in a report on Wednesday, December 26th. ValuEngine raised shares of Dollar General from a “hold” rating to a “buy” rating in a report on Wednesday, December 26th. Citigroup dropped their price objective on shares of Dollar General from $133.00 to $120.00 and set a “buy” rating on the stock in a report on Monday, December 10th. Credit Suisse Group set a $108.00 price objective on shares of Dollar General and gave the company a “hold” rating in a report on Tuesday, December 4th. Finally, Zacks Investment Research downgraded shares of Dollar General from a “buy” rating to a “hold” rating in a report on Wednesday, November 28th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $111.58.
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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.
Further Reading: What is the Quick Ratio?
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