Dollar General Co. (NYSE:DG) Holdings Boosted by Great Lakes Retirement Inc.

Great Lakes Retirement Inc. boosted its stake in Dollar General Co. (NYSE:DG) by 5.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,080 shares of the company’s stock after purchasing an additional 266 shares during the period. Great Lakes Retirement Inc.’s holdings in Dollar General were worth $691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the company. D.A. Davidson & CO. increased its stake in shares of Dollar General by 21.6% during the first quarter. D.A. Davidson & CO. now owns 1,034 shares of the company’s stock valued at $230,000 after acquiring an additional 184 shares during the period. Dakota Wealth Management bought a new position in Dollar General during the first quarter valued at about $474,000. Baird Financial Group Inc. lifted its holdings in Dollar General by 26.3% in the 1st quarter. Baird Financial Group Inc. now owns 58,834 shares of the company’s stock valued at $13,098,000 after acquiring an additional 12,262 shares during the last quarter. Covestor Ltd raised its holdings in shares of Dollar General by 156.4% in the 1st quarter. Covestor Ltd now owns 418 shares of the company’s stock worth $93,000 after purchasing an additional 255 shares in the last quarter. Finally, Mackenzie Financial Corp grew its position in Dollar General by 17.7% in the first quarter. Mackenzie Financial Corp now owns 71,629 shares of the company’s stock worth $15,947,000 after buying an additional 10,773 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Up 1.3 %

Shares of DG stock traded up $1.96 on Thursday, hitting $156.17. 1,265,564 shares of the stock were exchanged, compared to its average volume of 2,410,592. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $34.31 billion, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 2.69 and a beta of 0.41. Dollar General Co. has a fifty-two week low of $101.09 and a fifty-two week high of $222.99. The business has a 50-day moving average of $142.98 and a 200 day moving average of $129.36.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, March 14th. The company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.09. The company had revenue of $9.86 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The business’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period last year, the business earned $2.96 EPS. Equities analysts anticipate that Dollar General Co. will post 7.3 EPS for the current year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Monday, April 8th. Dollar General’s dividend payout ratio is currently 31.22%.

Wall Street Analyst Weigh In

DG has been the topic of several research analyst reports. BMO Capital Markets lifted their price objective on shares of Dollar General from $130.00 to $160.00 and gave the stock a “market perform” rating in a research report on Friday, March 15th. StockNews.com raised Dollar General from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Morgan Stanley raised their price target on shares of Dollar General from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. JPMorgan Chase & Co. upgraded shares of Dollar General from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $120.00 to $158.00 in a report on Tuesday, March 12th. Finally, Argus upped their target price on Dollar General from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday. Fifteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $153.04.

Dollar General Company 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.