Yacktman Asset Management LP bought a new stake in Dollar General Corporation (NYSE:DG) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,250 shares of the company’s stock, valued at approximately $263,000.
Other institutional investors have also added to or reduced their stakes in the company. Sun Life Financial INC grew its position in Dollar General Corporation by 18,170.0% in the second quarter. Sun Life Financial INC now owns 1,827 shares of the company’s stock valued at $132,000 after acquiring an additional 1,817 shares during the last quarter. Alpha Windward LLC grew its position in Dollar General Corporation by 3.0% in the second quarter. Alpha Windward LLC now owns 1,900 shares of the company’s stock valued at $137,000 after acquiring an additional 56 shares during the last quarter. Huntington National Bank grew its position in Dollar General Corporation by 4.0% in the second quarter. Huntington National Bank now owns 1,965 shares of the company’s stock valued at $142,000 after acquiring an additional 75 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Dollar General Corporation by 2.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock valued at $146,000 after acquiring an additional 48 shares during the last quarter. Finally, Welch Group LLC grew its position in Dollar General Corporation by 27.1% in the second quarter. Welch Group LLC now owns 2,267 shares of the company’s stock valued at $163,000 after acquiring an additional 483 shares during the last quarter. Hedge funds and other institutional investors own 91.65% of the company’s stock.
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A number of analysts have recently commented on DG shares. Jefferies Group LLC reissued a “hold” rating and set a $68.00 price target on shares of Dollar General Corporation in a research note on Wednesday, July 19th. BidaskClub raised Dollar General Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Buckingham Research reissued a “neutral” rating and set a $75.00 price target on shares of Dollar General Corporation in a research note on Monday, August 7th. BMO Capital Markets set a $85.00 price target on Dollar General Corporation and gave the company a “hold” rating in a research note on Tuesday, August 22nd. Finally, Zacks Investment Research lowered Dollar General Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $79.84.
Shares of Dollar General Corporation (NYSE DG) traded up $0.93 on Friday, reaching $82.84. The company’s stock had a trading volume of 525,165 shares, compared to its average volume of 2,825,931. Dollar General Corporation has a 12-month low of $65.97 and a 12-month high of $85.07. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.18 and a current ratio of 1.42. The firm has a market capitalization of $22,052.00, a price-to-earnings ratio of 17.89, a PEG ratio of 1.67 and a beta of 0.93.
Dollar General Corporation (NYSE:DG) last issued its quarterly earnings results on Thursday, August 31st. The company reported $1.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.01. Dollar General Corporation had a return on equity of 22.67% and a net margin of 5.38%. The firm had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same period in the previous year, the firm earned $1.08 earnings per share. The company’s revenue was up 8.1% compared to the same quarter last year. equities research analysts expect that Dollar General Corporation will post 4.5 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.26%. The ex-dividend date was Friday, October 6th. Dollar General Corporation’s dividend payout ratio (DPR) is presently 23.48%.
In other Dollar General Corporation news, EVP Robert D. Ravener sold 11,257 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $77.00, for a total value of $866,789.00. Following the transaction, the executive vice president now directly owns 22,598 shares of the company’s stock, valued at $1,740,046. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.22% of the stock is currently owned by insiders.
Dollar General Corporation Company Profile
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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