HRT Financial LLC Buys New Holdings in Dollar General Corp. (DG)

HRT Financial LLC bought a new position in shares of Dollar General Corp. (NYSE:DG) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,156 shares of the company’s stock, valued at approximately $233,000.

Other hedge funds have also bought and sold shares of the company. Advocacy Wealth Management Services LLC grew its holdings in Dollar General by 96.4% in the 4th quarter. Advocacy Wealth Management Services LLC now owns 271 shares of the company’s stock valued at $29,000 after buying an additional 133 shares in the last quarter. WESPAC Advisors SoCal LLC acquired a new position in Dollar General in the 4th quarter valued at $30,000. Whittier Trust Co. grew its holdings in shares of Dollar General by 66.3% during the 4th quarter. Whittier Trust Co. now owns 291 shares of the company’s stock worth $31,000 after purchasing an additional 116 shares in the last quarter. We Are One Seven LLC acquired a new stake in shares of Dollar General during the 4th quarter worth $35,000. Finally, Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Dollar General by 282.0% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 382 shares of the company’s stock worth $41,000 after purchasing an additional 282 shares in the last quarter. 97.92% of the stock is currently owned by institutional investors and hedge funds.

Shares of DG stock opened at $118.33 on Tuesday. The stock has a market capitalization of $30.96 billion, a PE ratio of 19.82, a P/E/G ratio of 1.49 and a beta of 0.71. The company has a quick ratio of 0.19, a current ratio of 1.55 and a debt-to-equity ratio of 0.45. Dollar General Corp. has a 1-year low of $86.87 and a 1-year high of $121.27.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, March 14th. The company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $1.89 by ($0.05). Dollar General had a net margin of 6.20% and a return on equity of 25.04%. The company had revenue of $6.65 billion during the quarter, compared to analyst estimates of $6.61 billion. During the same period in the previous year, the company posted $1.48 EPS. The company’s quarterly revenue was up 8.5% on a year-over-year basis. As a group, research analysts predict that Dollar General Corp. will post 6.41 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $1.28 annualized dividend and a yield of 1.08%. This is a boost from Dollar General’s previous quarterly dividend of $0.29. Dollar General’s dividend payout ratio (DPR) is currently 19.43%.

In related news, EVP Rhonda Taylor sold 16,636 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $119.64, for a total transaction of $1,990,331.04. Following the completion of the sale, the executive vice president now owns 33,513 shares of the company’s stock, valued at $4,009,495.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert D. Ravener sold 32,492 shares of the firm’s stock in a transaction that occurred on Tuesday, January 8th. The stock was sold at an average price of $111.63, for a total value of $3,627,081.96. Following the sale, the executive vice president now directly owns 33,307 shares of the company’s stock, valued at approximately $3,718,060.41. The disclosure for this sale can be found here. Insiders have sold 128,115 shares of company stock valued at $14,920,502 in the last ninety days. 0.41% of the stock is currently owned by insiders.

Several analysts have recently issued reports on DG shares. JPMorgan Chase & Co. increased their target price on Dollar General to $123.00 and gave the stock an “overweight” rating in a report on Wednesday, January 9th. ValuEngine raised Dollar General from a “hold” rating to a “buy” rating in a report on Wednesday, December 26th. Wells Fargo & Co increased their target price on Dollar General from $118.00 to $129.00 and gave the stock an “outperform” rating in a report on Friday, January 11th. Oppenheimer increased their target price on Dollar General from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. Finally, Raymond James set a $127.00 target price on Dollar General and gave the stock a “buy” rating in a report on Tuesday, February 26th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $118.26.

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About Dollar General

Dollar General Corp. engages in retailing of merchandise, including consumables, seasonal, home products, and apparel. Its brands include Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J. L.

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

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