HL Financial Services LLC increased its position in Dollar General Corp. (NYSE:DG) by 6.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 73,741 shares of the company’s stock after buying an additional 4,500 shares during the period. HL Financial Services LLC’s holdings in Dollar General Corp. were worth $6,932,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of DG. Legal & General Group Plc boosted its position in Dollar General Corp. by 1.4% in the first quarter. Legal & General Group Plc now owns 1,272,052 shares of the company’s stock worth $108,887,000 after buying an additional 18,068 shares during the period. Royal Bank of Canada boosted its position in Dollar General Corp. by 32.9% in the first quarter. Royal Bank of Canada now owns 544,084 shares of the company’s stock worth $46,572,000 after buying an additional 134,621 shares during the period. Orbis Allan Gray Ltd bought a new position in Dollar General Corp. during the first quarter worth approximately $195,087,000. Zurich Insurance Group Ltd FI boosted its position in Dollar General Corp. by 41.8% in the first quarter. Zurich Insurance Group Ltd FI now owns 32,502 shares of the company’s stock worth $2,782,000 after buying an additional 9,580 shares during the period. Finally, Renaissance Technologies LLC bought a new position in Dollar General Corp. during the first quarter worth approximately $33,144,000. 85.31% of the stock is owned by hedge funds and other institutional investors.
Dollar General Corp. (NYSE:DG) traded down 0.15% during midday trading on Tuesday, hitting $71.72. The stock had a trading volume of 2,792,748 shares. Dollar General Corp. has a 52 week low of $59.75 and a 52 week high of $96.88. The firm has a 50 day moving average of $82.89 and a 200 day moving average of $86.02. The firm has a market cap of $20.21 billion, a price-to-earnings ratio of 16.77 and a beta of 0.63.
Dollar General Corp. (NYSE:DG) last announced its earnings results on Thursday, August 25th. The company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by $0.01. The business had revenue of $5.39 billion for the quarter, compared to the consensus estimate of $5.50 billion. Dollar General Corp. had a net margin of 5.86% and a return on equity of 22.95%. Dollar General Corp.’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.95 EPS. Equities research analysts predict that Dollar General Corp. will post $4.50 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 28th. Investors of record on Wednesday, September 14th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, September 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.39%. Dollar General Corp.’s dividend payout ratio is presently 23.42%.
DG has been the subject of a number of research reports. Morgan Stanley reissued a “buy” rating and issued a $97.00 target price on shares of Dollar General Corp. in a report on Sunday, August 28th. Citigroup Inc. raised their price objective on shares of Dollar General Corp. from $89.00 to $107.00 and gave the company a “buy” rating in a report on Wednesday, August 31st. Wolfe Research lowered shares of Dollar General Corp. from a “market perform” rating to an “underperform” rating in a report on Wednesday, September 7th. Jefferies Group reiterated a “hold” rating on shares of Dollar General Corp. in a report on Monday, September 12th. Finally, Macquarie reiterated an “outperform” rating and issued a $92.00 price objective on shares of Dollar General Corp. in a report on Wednesday, September 14th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Dollar General Corp. currently has an average rating of “Hold” and an average target price of $90.33.
In other news, Director Michael M. Calbert acquired 13,000 shares of the firm’s stock in a transaction on Tuesday, August 30th. The stock was acquired at an average price of $75.53 per share, for a total transaction of $981,890.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William C. Rhodes III acquired 5,000 shares of the firm’s stock in a transaction on Friday, August 26th. The stock was purchased at an average price of $76.30 per share, with a total value of $381,500.00. The disclosure for this purchase can be found here. Corporate 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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