Public Employees Retirement System of Ohio Reduces Stake in Dollar General Corp. (DG)
Public Employees Retirement System of Ohio lowered its stake in shares of Dollar General Corp. (NYSE:DG) by 3.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 118,709 shares of the company’s stock after selling 3,685 shares during the period. Public Employees Retirement System of Ohio’s holdings in Dollar General were worth $9,621,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in DG. Sun Life Financial INC raised its holdings in shares of Dollar General by 18,170.0% in the 2nd quarter. Sun Life Financial INC now owns 1,827 shares of the company’s stock worth $132,000 after acquiring an additional 1,817 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Dollar General by 2.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock worth $146,000 after acquiring an additional 48 shares during the last quarter. Welch Group LLC raised its holdings in shares of Dollar General by 27.1% in the 2nd quarter. Welch Group LLC now owns 2,267 shares of the company’s stock worth $163,000 after acquiring an additional 483 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in shares of Dollar General by 22,950.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 2,305 shares of the company’s stock worth $187,000 after acquiring an additional 2,295 shares during the last quarter. Finally, Fieldpoint Private Securities LLC acquired a new stake in shares of Dollar General in the 3rd quarter worth about $195,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.
A number of equities research analysts have issued reports on DG shares. Zacks Investment Research downgraded shares of Dollar General from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Loop Capital reaffirmed a “hold” rating and issued a $76.00 price objective on shares of Dollar General in a research report on Thursday, August 24th. Bank of America reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Dollar General in a research report on Friday, August 25th. BidaskClub raised shares of Dollar General from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Finally, Jefferies Group upped their price objective on shares of Dollar General from $68.00 to $73.00 and gave the stock a “hold” rating in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $85.54.
Shares of Dollar General Corp. (NYSE DG) opened at $91.73 on Thursday. Dollar General Corp. has a 52 week low of $65.97 and a 52 week high of $96.60. The company has a quick ratio of 0.19, a current ratio of 1.41 and a debt-to-equity ratio of 0.47. The stock has a market cap of $25,011.00, a P/E ratio of 20.02, a price-to-earnings-growth ratio of 1.82 and a beta of 0.96.
Dollar General (NYSE:DG) last posted its earnings results on Thursday, December 7th. The company reported $0.93 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.01). Dollar General had a return on equity of 22.58% and a net margin of 5.31%. The firm had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $5.80 billion. During the same quarter in the prior year, the company earned $0.89 earnings per share. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. equities analysts anticipate that Dollar General Corp. will post 4.48 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.13%. The ex-dividend date is Monday, January 8th. Dollar General’s dividend payout ratio is presently 23.01%.
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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