Haverford Financial Services Inc. grew its position in Dollar General Corp. (NYSE:DG) by 236.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 24,259 shares of the company’s stock after acquiring an additional 17,059 shares during the quarter. Haverford Financial Services Inc.’s holdings in Dollar General were worth $2,894,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc boosted its holdings in shares of Dollar General by 2.0% in the 3rd quarter. Vanguard Group Inc now owns 19,201,573 shares of the company’s stock valued at $2,098,732,000 after buying an additional 370,008 shares in the last quarter. Capital Investment Advisory Services LLC acquired a new stake in Dollar General in the 4th quarter worth approximately $68,000. Icon Advisers Inc. Co. boosted its stake in Dollar General by 12.8% in the 4th quarter. Icon Advisers Inc. Co. now owns 14,100 shares of the company’s stock worth $1,524,000 after purchasing an additional 1,600 shares in the last quarter. WINTON GROUP Ltd boosted its stake in Dollar General by 3.6% in the 4th quarter. WINTON GROUP Ltd now owns 133,706 shares of the company’s stock worth $14,451,000 after purchasing an additional 4,701 shares in the last quarter. Finally, TD Asset Management Inc. boosted its stake in Dollar General by 40.8% in the 1st quarter. TD Asset Management Inc. now owns 1,195,908 shares of the company’s stock worth $142,672,000 after purchasing an additional 346,263 shares in the last quarter. Institutional investors and hedge funds own 96.50% of the company’s stock.
Shares of NYSE DG opened at $121.96 on Friday. 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 12 month low of $86.87 and a 12 month high of $126.84. The company has a market cap of $31.61 billion, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 1.52 and a beta of 0.72.
A number of research firms recently commented on DG. Zacks Investment Research upgraded shares of Dollar General from a “hold” rating to a “buy” rating and set a $134.00 target price for the company in a research note on Wednesday. Bank of America set a $133.00 target price on shares of Dollar General and gave the stock a “buy” rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. lifted their target price on shares of Dollar General from $121.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. Telsey Advisory Group reiterated an “outperform” rating and issued a $126.00 target price on shares of Dollar General in a research note on Thursday, March 14th. Finally, BMO Capital Markets lifted their target price on shares of Dollar General from $126.00 to $133.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have assigned a buy rating to the company. Dollar General presently has an average rating of “Buy” and a consensus price target of $123.35.
In other news, EVP Robert D. Ravener sold 78,987 shares of Dollar General stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $117.78, for a total transaction of $9,303,088.86. Following the completion of the transaction, the executive vice president now directly owns 62,434 shares of the company’s stock, valued at approximately $7,353,476.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Robert D. Ravener sold 8,973 shares of Dollar General stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $123.82, for a total transaction of $1,111,036.86. Following the transaction, the executive vice president now directly owns 17,794 shares of the company’s stock, valued at $2,203,253.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 143,255 shares of company stock valued at $17,037,351. Company insiders own 0.55% of the company’s stock.
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Dollar General 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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