State Board of Administration of Florida Retirement System lowered its position in shares of Dollar General Corporation (NYSE:DG) by 0.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 422,120 shares of the company’s stock after selling 1,776 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Dollar General Corporation were worth $31,266,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Financial Architects Inc boosted its position in Dollar General Corporation by 390.7% in the third quarter. Financial Architects Inc now owns 1,526 shares of the company’s stock worth $107,000 after buying an additional 1,215 shares during the period. FTB Advisors Inc. boosted its position in Dollar General Corporation by 14.9% in the third quarter. FTB Advisors Inc. now owns 1,595 shares of the company’s stock worth $109,000 after buying an additional 207 shares during the period. Global X Management Co. LLC boosted its position in Dollar General Corporation by 114.2% in the third quarter. Global X Management Co. LLC now owns 1,686 shares of the company’s stock worth $118,000 after buying an additional 899 shares during the period. Alpha Windward LLC boosted its position in Dollar General Corporation by 1.5% in the third quarter. Alpha Windward LLC now owns 2,273 shares of the company’s stock worth $159,000 after buying an additional 33 shares during the period. Finally, FineMark National Bank & Trust boosted its position in Dollar General Corporation by 2,133.3% in the third quarter. FineMark National Bank & Trust now owns 2,345 shares of the company’s stock worth $164,000 after buying an additional 2,240 shares during the period. 81.93% of the stock is currently owned by institutional investors and hedge funds.
Dollar General Corporation (NYSE:DG) traded down 0.53% during mid-day trading on Monday, hitting $76.38. 1,004,061 shares of the stock traded hands. The company has a market cap of $21.10 billion, a P/E ratio of 17.92 and a beta of 0.84. The company’s 50 day moving average is $73.41 and its 200 day moving average is $76.08. Dollar General Corporation has a 12 month low of $66.50 and a 12 month high of $96.88.
Dollar General Corporation (NYSE:DG) last posted its quarterly earnings results on Thursday, December 1st. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by $0.04. Dollar General Corporation had a return on equity of 22.79% and a net margin of 5.70%. The business had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.37 billion. During the same period in the prior year, the business posted $0.88 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, analysts expect that Dollar General Corporation will post $4.39 earnings per share for the current fiscal year.
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A number of research firms have recently issued reports on DG. Vetr raised shares of Dollar General Corporation from a “hold” rating to a “buy” rating and set a $82.51 price objective on the stock in a research report on Monday, November 28th. RBC Capital Markets reissued a “buy” rating and set a $80.00 price objective on shares of Dollar General Corporation in a research report on Thursday, January 5th. Telsey Advisory Group cut their price objective on shares of Dollar General Corporation from $84.00 to $78.00 and set a “market perform” rating on the stock in a research report on Friday, December 2nd. Sanford C. Bernstein began coverage on shares of Dollar General Corporation in a research report on Monday, February 6th. They set an “outperform” rating and a $91.00 price objective on the stock. Finally, Bank of America Corporation reissued a “neutral” rating on shares of Dollar General Corporation in a research report on Friday, January 13th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $87.19.
In other news, EVP Robert D. Ravener sold 6,376 shares of Dollar General Corporation stock in a transaction that occurred on Friday, December 16th. The shares were sold at an average price of $77.32, for a total transaction of $492,992.32. Following the completion of the transaction, the executive vice president now directly owns 18,174 shares of the company’s stock, valued at approximately $1,405,213.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.22% of the stock is owned by insiders.
Dollar General Corporation Company Profile
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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