Cardan Capital Partners LLC increased its stake in Dollar General Corp. (NYSE:DG) by 3.3% during the second quarter, Holdings Channel reports. The fund owned 39,195 shares of the company’s stock after buying an additional 1,236 shares during the period. Cardan Capital Partners LLC’s holdings in Dollar General Corp. were worth $3,684,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Capstone Asset Management Co. increased its position in Dollar General Corp. by 5.8% in the first quarter. Capstone Asset Management Co. now owns 23,937 shares of the company’s stock valued at $2,049,000 after buying an additional 1,320 shares during the period. Sanders Morris Harris Inc. purchased a new position in Dollar General Corp. during the first quarter valued at about $252,000. Commonwealth Equity Services Inc increased its position in Dollar General Corp. by 72.3% in the first quarter. Commonwealth Equity Services Inc now owns 25,147 shares of the company’s stock valued at $2,153,000 after buying an additional 10,551 shares during the period. Aperio Group LLC increased its position in Dollar General Corp. by 18.9% in the first quarter. Aperio Group LLC now owns 103,476 shares of the company’s stock valued at $8,858,000 after buying an additional 16,459 shares during the period. Finally, Virginia Retirement System purchased a new position in Dollar General Corp. during the first quarter valued at about $2,686,000. Institutional investors own 85.44% of the company’s stock.
Shares of Dollar General Corp. (NYSE:DG) traded down 0.55% during trading on Monday, hitting $71.69. The company’s stock had a trading volume of 2,461,619 shares. The firm’s 50 day moving average is $80.42 and its 200-day moving average is $85.78. The company has a market capitalization of $20.20 billion, a P/E ratio of 16.77 and a beta of 0.63. Dollar General Corp. has a 1-year low of $59.75 and a 1-year high of $96.88.
Dollar General Corp. (NYSE:DG) last posted its quarterly earnings results on Thursday, August 25th. The company reported $1.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.09 by $0.01. Dollar General Corp. had a return on equity of 22.95% and a net margin of 5.86%. The firm had revenue of $5.39 billion for the quarter, compared to analysts’ expectations of $5.50 billion. During the same period last year, the business earned $0.95 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Analysts forecast that Dollar General Corp. will post $4.50 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 28th. Stockholders of record on Wednesday, September 14th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Monday, September 12th. Dollar General Corp.’s dividend payout ratio (DPR) is presently 23.42%.
Several research analysts have recently issued reports on the company. Deutsche Bank AG downgraded Dollar General Corp. from a “buy” rating to a “hold” rating and lifted their price target for the stock from $95.00 to $99.00 in a research note on Monday, August 1st. They noted that the move was a valuation call. Zacks Investment Research raised Dollar General Corp. from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a research note on Tuesday, July 5th. Jefferies Group downgraded Dollar General Corp. from a “buy” rating to a “hold” rating and cut their price target for the stock from $101.00 to $96.00 in a research note on Monday, August 15th. They noted that the move was a valuation call. Macquarie cut their price target on Dollar General Corp. from $98.00 to $92.00 and set an “outperform” rating for the company in a research note on Thursday, August 25th. Finally, MKM Partners reaffirmed a “buy” rating and set a $97.00 price target on shares of Dollar General Corp. in a research note on Thursday, August 25th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Dollar General Corp. presently has a consensus rating of “Hold” and a consensus target price of $90.13.
In related news, Director William C. Rhodes III acquired 5,000 shares of the stock in a transaction dated Friday, August 26th. The shares were acquired at an average price of $76.30 per share, with a total value of $381,500.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael M. Calbert acquired 13,000 shares of the stock in a transaction dated Tuesday, August 30th. The shares were bought at an average cost of $75.53 per share, for a total transaction of $981,890.00. The disclosure for this purchase can be found here. Insiders own 0.22% of the company’s stock.
About Dollar General Corp.
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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