Penserra Capital Management LLC Buys 572 Shares of Dollar General Corp. (DG)

Penserra Capital Management LLC increased its stake in Dollar General Corp. (NYSE:DG) by 18.6% in the fourth quarter, Holdings Channel reports. The fund owned 3,640 shares of the company’s stock after purchasing an additional 572 shares during the period. Penserra Capital Management LLC’s holdings in Dollar General were worth $338,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Toronto Dominion Bank raised its position in Dollar General by 22.1% during the 2nd quarter. Toronto Dominion Bank now owns 93,967 shares of the company’s stock valued at $6,774,000 after purchasing an additional 17,005 shares during the last quarter. Sentry Investment Management LLC raised its position in Dollar General by 3.2% during the 2nd quarter. Sentry Investment Management LLC now owns 17,640 shares of the company’s stock valued at $1,272,000 after purchasing an additional 555 shares during the last quarter. Tandem Investment Advisors Inc. raised its position in Dollar General by 251.8% during the 3rd quarter. Tandem Investment Advisors Inc. now owns 88,626 shares of the company’s stock valued at $7,183,000 after purchasing an additional 63,431 shares during the last quarter. Shell Asset Management Co. raised its position in Dollar General by 309.8% during the 3rd quarter. Shell Asset Management Co. now owns 155,283 shares of the company’s stock valued at $9,489,000 after purchasing an additional 117,388 shares during the last quarter. Finally, BerganKDV Wealth Management LLC bought a new position in Dollar General during the 3rd quarter valued at approximately $328,000. 90.24% of the stock is owned by institutional investors.

Shares of Dollar General Corp. (DG) opened at $96.67 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.41 and a quick ratio of 0.19. The firm has a market capitalization of $26,303.65, a P/E ratio of 21.39, a P/E/G ratio of 1.61 and a beta of 1.00. Dollar General Corp. has a 52 week low of $65.97 and a 52 week high of $105.82.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, December 7th. The company reported $0.93 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.01). The company had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $5.80 billion. Dollar General had a return on equity of 22.58% and a net margin of 5.31%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.89 EPS. analysts forecast that Dollar General Corp. will post 4.5 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th were paid a $0.26 dividend. The ex-dividend date of this dividend was Monday, January 8th. This represents a $1.04 annualized dividend and a dividend yield of 1.08%. Dollar General’s payout ratio is currently 23.01%.

In other Dollar General news, EVP Robert D. Ravener sold 11,368 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $92.81, for a total transaction of $1,055,064.08. Following the sale, the executive vice president now directly owns 22,598 shares in the company, valued at approximately $2,097,320.38. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Anita C. Elliott sold 2,012 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $92.82, for a total value of $186,753.84. Following the sale, the senior vice president now owns 14,969 shares in the company, valued at $1,389,422.58. The disclosure for this sale can be found here. Insiders sold a total of 20,916 shares of company stock worth $1,924,881 in the last 90 days. 0.22% of the stock is currently owned by company insiders.

A number of research analysts have commented on the company. Argus reaffirmed a “hold” rating on shares of Dollar General in a research report on Thursday, February 8th. They noted that the move was a valuation call. ValuEngine raised Dollar General from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Wells Fargo & Co raised Dollar General from a “market perform” rating to an “outperform” rating and upped their price target for the company from $102.27 to $117.00 in a research report on Tuesday, January 23rd. Zacks Investment Research raised Dollar General from a “hold” rating to a “strong-buy” rating and set a $110.00 price target for the company in a research report on Tuesday, February 6th. Finally, UBS Group reaffirmed a “buy” rating and set a $99.00 price target (up previously from $85.00) on shares of Dollar General in a research report on Monday, December 4th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Dollar General has an average rating of “Buy” and an average price target of $91.98.

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About Dollar General

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

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