Westshore Wealth LLC Takes Position in Dollar General Corp. (NYSE:DG)

Westshore Wealth LLC purchased a new stake in Dollar General Corp. (NYSE:DG) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,649 shares of the company’s stock, valued at approximately $413,000.

Several other large investors have also modified their holdings of the company. FMR LLC lifted its stake in shares of Dollar General by 7.0% in the fourth quarter. FMR LLC now owns 9,286,940 shares of the company’s stock valued at $1,448,578,000 after buying an additional 609,092 shares during the period. Polen Capital Management LLC lifted its stake in shares of Dollar General by 2.6% in the fourth quarter. Polen Capital Management LLC now owns 6,416,730 shares of the company’s stock valued at $1,000,882,000 after buying an additional 164,020 shares during the period. Capital World Investors bought a new stake in shares of Dollar General in the fourth quarter valued at about $764,367,000. Geode Capital Management LLC lifted its stake in shares of Dollar General by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 4,157,275 shares of the company’s stock valued at $647,186,000 after buying an additional 308,987 shares during the period. Finally, Norges Bank bought a new stake in shares of Dollar General in the fourth quarter valued at about $369,983,000. 92.36% of the stock is currently owned by institutional investors.

Shares of Dollar General stock traded up $7.19 during midday trading on Tuesday, reaching $153.96. The company had a trading volume of 2,679,376 shares, compared to its average volume of 3,688,647. The company has a current ratio of 1.14, a quick ratio of 0.11 and a debt-to-equity ratio of 1.60. The company has a market capitalization of $36.81 billion, a price-to-earnings ratio of 23.15, a price-to-earnings-growth ratio of 1.61 and a beta of 0.44. The stock has a fifty day simple moving average of $153.75 and a 200 day simple moving average of $156.75. Dollar General Corp. has a 1-year low of $116.15 and a 1-year high of $167.44.

Dollar General (NYSE:DG) last released its earnings results on Thursday, March 12th. The company reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.09. Dollar General had a net margin of 6.17% and a return on equity of 26.04%. The firm had revenue of $7.16 billion during the quarter, compared to analyst estimates of $7.14 billion. During the same quarter in the previous year, the business earned $1.84 EPS. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. Sell-side analysts expect that Dollar General Corp. will post 7.44 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 21st. Shareholders of record on Tuesday, April 7th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Monday, April 6th. This is a positive change from Dollar General’s previous quarterly dividend of $0.32. Dollar General’s payout ratio is currently 19.02%.

Several equities research analysts recently weighed in on DG shares. Guggenheim reiterated a “buy” rating and issued a $165.00 target price on shares of Dollar General in a research note on Monday, December 2nd. Jefferies Financial Group upgraded shares of Dollar General from a “hold” rating to a “buy” rating and raised their price target for the stock from $169.00 to $190.00 in a research note on Thursday, February 27th. Raymond James cut their price target on shares of Dollar General from $185.00 to $165.00 and set a “strong-buy” rating for the company in a research note on Friday, March 13th. Wells Fargo & Co upgraded shares of Dollar General from an “equal weight” rating to an “overweight” rating and set a $175.00 price target for the company in a research note on Tuesday. Finally, Zacks Investment Research cut shares of Dollar General from a “buy” rating to a “hold” rating and set a $164.00 price target for the company. in a research note on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $168.00.

Dollar General Company 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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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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