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Sequoia Financial Advisors nearly doubled its stake in Dollar General, which beat earnings estimates.
Sequoia Financial Advisors LLC significantly increased its holdings in Dollar General (NYSE:DG) by 105.9%, acquiring an additional 2,808 shares in the fourth quarter.
The firm now owns 5,459 shares, valued at $414,000.
Dollar General reported earnings per share of $1.68 for the quarter, surpassing the $1.51 consensus estimate, with a market cap of $17.91 billion and a P/E ratio of 13.42.
The company also declared a quarterly dividend of $0.59 per share.
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Sequoia Financial Advisors casi duplicó su participación en Dollar General, lo que superó las estimaciones de ingresos.