It is positive, as 62 investors sold DG shares while 193 reduced holdings. Dollar General will also remodel 1,000 older stores, modernizing and adding refrigerated coolers to sell more fresh food and more space for health and beauty products. Prudential Financial Inc. lifted its holdings in shares of Dollar General by 27.3% during the 2nd quarter.
A number of other institutional investors have also modified their holdings of the business. The fund owned 74,255 shares of the company's stock after purchasing an additional 2,349 shares during the period. GIC Private Ltd is the second biggest holder with 24 million shares now valued at 1.78 B million whilst Vanguard Group Inc has 18 million shares valued at 1.27 B million. Moreover, Punch & Associates Investment Management Inc. has 1.16% invested in the company for 484,834 shares. Altfest L J & Co Inc owns 120,904 shares or 1.87% of their U.S. portfolio. Nomura Asset Management Co. (NASDAQ:WHF) to report earnings on March, 1. Parsec Financial Management Inc. boosted its stake in Dollar General by 11.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,888,589 shares of the company's stock valued at $642,060,000 after acquiring an additional 178,400 shares during the period. Green Square Ltd Company has invested 0.34% in Dollar General Corporation (NYSE:DG). DG's average trading volume during the past 20 days is lower than the average volume over the past 100 days, which could be an indication that investors are feeling less certain than usual about the direction of DG's future price movements. 3,743,000 shares of the company traded hands, compared to its average volume of 2,845,262.
The company's quick ratio for most recent quarter is 0.20. The stock has a market capitalization of $24,803.72, a PE ratio of 20.13, a P/E/G ratio of 1.79 and a beta of 0.96.
The stock of Dollar General Corporation (NYSE:DG) hit a new 52-week high and has $97.90 target or 5.00 % above today's $93.24 share price. MKM Partners increased their target price on Dollar General to $96.00 and gave the stock a "buy" rating in a report on Monday, November 20th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $1.00 by $0.03. This works out to an increase of 0.45% compared to last year's earnings. The business's quarterly revenue was up 11.0% compared to the same quarter last year. equities analysts forecast that Dollar General Corp. will post 4.5 earnings per share for the current fiscal year. Stockholders of record on Tuesday, January 9th will be given a $0.26 dividend.
As with most large market cap stocks, it has a good dividend yield of 1.14%.
On Thursday, Mr. Vasos said Dollar General will work to reach more urban customers as well.
Several brokerages have issued reports on DG.
Shares of Dollar General Corp. The brokerage presently has a "buy" rating on the stock. Cullen Frost Bankers holds 16,820 shares. After having $1.10 EPS previously, Dollar General Corporation's analysts see -15.45% EPS growth. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation.
Excluding items, the company earned 98 cents per share, beating the average analysts' estimate of 94 cents. Finally, Deutsche Bank reiterated a "hold" rating and set a $79.00 price target on shares of Dollar General in a research report on Friday, September 1st. The stock was sold at an average price of $77.00, for a total transaction of $866,789.00. KeyBanc Capital Markets maintained the shares of DG in report on Thursday, August 31 with "Hold" rating. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. "We anticipate that 75% of the USA population will be within five miles of a Dollar General by the end of fiscal 2017". Buckhead Capital Management Llc, a Georgia-based fund reported 17,025 shares. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of United States & global trademark & copyright legislation.