Tocqueville Asset Management L.P. boosted its stake in shares of Dollar General Corp. (NYSE:DG) by 0.3% during the second quarter, Holdings Channel reports. The institutional investor owned 75,755 shares of the company’s stock after buying an additional 240 shares during the period. Tocqueville Asset Management L.P.’s holdings in Dollar General Corp. were worth $7,121,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. Checchi Capital Advisers LLC increased its position in shares of Dollar General Corp. by 2.0% in the second quarter. Checchi Capital Advisers LLC now owns 2,219 shares of the company’s stock worth $209,000 after buying an additional 43 shares during the period. Capital Analysts LLC increased its position in shares of Dollar General Corp. by 0.6% in the second quarter. Capital Analysts LLC now owns 7,567 shares of the company’s stock worth $711,000 after buying an additional 45 shares during the period. First Niagara Bank increased its position in shares of Dollar General Corp. by 0.3% in the second quarter. First Niagara Bank now owns 23,011 shares of the company’s stock worth $2,163,000 after buying an additional 72 shares during the period. Emerald Mutual Fund Advisers Trust increased its position in shares of Dollar General Corp. by 2.5% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 3,926 shares of the company’s stock worth $369,000 after buying an additional 96 shares during the period. Finally, MSI Financial Services Inc increased its position in shares of Dollar General Corp. by 2.1% in the second quarter. MSI Financial Services Inc now owns 6,373 shares of the company’s stock worth $599,000 after buying an additional 130 shares during the period. Hedge funds and other institutional investors own 85.36% of the company’s stock.
Dollar General Corp. (NYSE:DG) traded up 0.55% during trading on Tuesday, reaching $68.87. The company had a trading volume of 679,686 shares. Dollar General Corp. has a one year low of $59.75 and a one year high of $96.88. The firm’s 50-day moving average price is $71.06 and its 200 day moving average price is $84.16. The firm has a market capitalization of $19.40 billion, a P/E ratio of 16.11 and a beta of 0.74.
Dollar General Corp. (NYSE:DG) last issued its earnings results on Thursday, August 25th. The company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.09 by $0.01. Dollar General Corp. had a net margin of 5.86% and a return on equity of 22.95%. The business had revenue of $5.39 billion for the quarter, compared to analysts’ expectations of $5.50 billion. During the same quarter in the prior year, the business posted $0.95 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities analysts forecast that Dollar General Corp. will post $4.50 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 28th. Stockholders of record on Wednesday, September 14th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, September 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.46%. Dollar General Corp.’s dividend payout ratio (DPR) is currently 23.42%.
Several research firms recently commented on DG. Deutsche Bank AG reaffirmed a “buy” rating and set a $77.00 target price (down previously from $84.00) on shares of Dollar General Corp. in a research note on Wednesday, October 12th. KeyCorp began coverage on Dollar General Corp. in a research note on Wednesday, October 12th. They set a “sector weight” rating for the company. Credit Suisse Group AG set a $70.00 target price on Dollar General Corp. and gave the stock a “hold” rating in a research note on Wednesday, October 5th. Barclays PLC began coverage on Dollar General Corp. in a research note on Friday, September 23rd. They set an “equal weight” rating and a $74.00 target price for the company. Finally, Macquarie reaffirmed an “outperform” rating and set a $92.00 target price on shares of Dollar General Corp. in a research note on Wednesday, September 14th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $89.42.
In other news, Director William C. Rhodes III purchased 5,000 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were purchased at an average cost of $76.30 per share, for a total transaction of $381,500.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael M. Calbert purchased 13,000 shares of the company’s stock in a transaction dated Tuesday, August 30th. The stock was purchased at an average price of $75.53 per share, for a total transaction of $981,890.00. The disclosure for this purchase can be found here. 0.22% of the stock is owned by insiders.
Dollar General Corp. 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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