Shell Asset Management Co. lessened its stake in Dollar General Corp. (NYSE:DG) by 10.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,421 shares of the company’s stock after selling 4,327 shares during the period. Shell Asset Management Co.’s holdings in Dollar General were worth $5,651,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Capital Square LLC bought a new position in Dollar General in the 1st quarter worth approximately $26,000. CFM Wealth Partners LLC bought a new position in Dollar General in the 4th quarter worth approximately $29,000. Engrave Wealth Partners LLC bought a new position in Dollar General in the 4th quarter worth approximately $31,000. Busey Wealth Management bought a new position in Dollar General in the 4th quarter worth approximately $34,000. Finally, Allred Capital Management LLC raised its position in shares of Dollar General by 82.3% during the 1st quarter. Allred Capital Management LLC now owns 226 shares of the company’s stock valued at $34,000 after acquiring an additional 102 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.
Several analysts have commented on DG shares. Zacks Investment Research upgraded shares of Dollar General from a “hold” rating to a “buy” rating and set a $193.00 target price for the company in a research report on Monday, May 18th. Loop Capital cut shares of Dollar General from a “buy” rating to a “hold” rating and set a $175.00 target price for the company. in a research report on Thursday, April 30th. Bank of America upped their target price on shares of Dollar General from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Cleveland Research upgraded shares of Dollar General from a “neutral” rating to a “buy” rating in a research report on Thursday, April 2nd. Finally, JPMorgan Chase & Co. upped their target price on shares of Dollar General from $177.00 to $188.00 and gave the company an “overweight” rating in a research report on Monday, April 6th. Five investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $181.91.
NYSE DG traded up $0.57 on Friday, reaching $178.98. The company had a trading volume of 1,848,632 shares, compared to its average volume of 1,935,143. The firm has a market capitalization of $44.87 billion, a price-to-earnings ratio of 26.91, a price-to-earnings-growth ratio of 1.95 and a beta of 0.50. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.11 and a current ratio of 1.14. Dollar General Corp. has a 1-year low of $118.26 and a 1-year high of $185.01. The company’s fifty day moving average is $175.03 and its 200-day moving average is $160.34.
Dollar General (NYSE:DG) last announced its earnings results on Thursday, March 12th. The company reported $2.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.01 by $0.09. The firm had revenue of $7.16 billion during the quarter, compared to analyst estimates of $7.14 billion. Dollar General had a net margin of 6.17% and a return on equity of 26.04%. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.84 EPS. On average, research analysts forecast that Dollar General Corp. will post 7.47 earnings per share for the current year.
Dollar General Profile
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.
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