Calamos Advisors LLC lifted its stake in Dollar General Corporation (NYSE:DG – Free Report) by 1.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 250,084 shares of the company’s stock after buying an additional 4,611 shares during the quarter. Calamos Advisors LLC owned approximately 0.11% of Dollar General worth $29,692,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of DG. Parkside Financial Bank & Trust boosted its position in Dollar General by 9.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 808 shares of the company’s stock worth $107,000 after purchasing an additional 69 shares in the last quarter. BOKF NA lifted its stake in shares of Dollar General by 15.2% in the fourth quarter. BOKF NA now owns 554 shares of the company’s stock worth $74,000 after buying an additional 73 shares in the last quarter. Strata Wealth Advisors LLC boosted its holdings in shares of Dollar General by 3.3% during the 4th quarter. Strata Wealth Advisors LLC now owns 2,367 shares of the company’s stock worth $314,000 after purchasing an additional 75 shares during the last quarter. Optimize Financial Inc boosted its stake in Dollar General by 1.4% during the fourth quarter. Optimize Financial Inc now owns 5,550 shares of the company’s stock worth $737,000 after buying an additional 76 shares during the last quarter. Finally, Tevis Investment Management increased its position in Dollar General by 0.5% during the third quarter. Tevis Investment Management now owns 16,655 shares of the company’s stock worth $1,721,000 after purchasing an additional 77 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.
Dollar General Trading Up 3.8%
Shares of DG opened at $123.44 on Tuesday. The firm’s 50-day moving average is $111.24 and its two-hundred day moving average is $127.87. The firm has a market capitalization of $27.23 billion, a P/E ratio of 17.46, a PEG ratio of 1.81 and a beta of 0.25. Dollar General Corporation has a twelve month low of $95.11 and a twelve month high of $158.23. The company has a current ratio of 1.17, a quick ratio of 0.25 and a debt-to-equity ratio of 0.52.
Dollar General Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, July 7th. Dollar General’s dividend payout ratio is currently 33.38%.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. BMO Capital Markets cut their price objective on Dollar General from $135.00 to $120.00 and set a “market perform” rating for the company in a research report on Wednesday, June 3rd. Raymond James Financial reiterated an “outperform” rating and issued a $145.00 target price on shares of Dollar General in a report on Wednesday, June 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Dollar General in a report on Wednesday, July 8th. Morgan Stanley cut their target price on Dollar General from $150.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 3rd. Finally, Wall Street Zen downgraded shares of Dollar General from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Ten investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Dollar General has an average rating of “Hold” and an average price target of $131.27.
Get Our Latest Report on Dollar General
Dollar General Profile
Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.
Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.
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