Quantitative Systematic Strategies LLC acquired a new stake in shares of Dollar General Corp. (NYSE:DG) during the second quarter, Holdings Channel reports. The fund acquired 8,534 shares of the company’s stock, valued at approximately $800,000.
A number of other institutional investors also recently made changes to their positions in the stock. Checchi Capital Advisers LLC boosted its position in 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 boosted its position in 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 boosted its position in 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 boosted its position in 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 boosted its position in 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. 85.44% of the stock is owned by hedge funds and other institutional investors.
Shares of Dollar General Corp. (NYSE:DG) traded up 0.70% during mid-day trading on Wednesday, hitting $69.18. The company had a trading volume of 1,128,384 shares. The firm has a market capitalization of $19.49 billion, a PE ratio of 16.18 and a beta of 0.74. 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 price of $72.73 and a 200-day moving average price of $84.65.
Dollar General Corp. (NYSE:DG) last posted its quarterly earnings data on Thursday, August 25th. The company reported $1.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by $0.01. The firm 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%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.95 earnings per share. Equities analysts forecast that Dollar General Corp. will post $4.50 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th were given a dividend of $0.25 per share. The ex-dividend date was Monday, September 12th. This represents a $1.00 annualized dividend and a yield of 1.46%. Dollar General Corp.’s payout ratio is 23.42%.
A number of brokerages recently weighed in on DG. Credit Suisse Group AG set a $70.00 price objective on Dollar General Corp. and gave the stock a “hold” rating in a research report on Wednesday, October 5th. Barclays PLC began coverage on Dollar General Corp. in a research report on Friday, September 23rd. They set an “equal weight” rating and a $74.00 price objective on the stock. Macquarie restated an “outperform” rating and set a $92.00 price objective on shares of Dollar General Corp. in a research report on Wednesday, September 14th. Jefferies Group restated a “hold” rating on shares of Dollar General Corp. in a research report on Monday, September 12th. Finally, Wolfe Research lowered Dollar General Corp. from a “market perform” rating to an “underperform” rating in a research report on Wednesday, September 7th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Dollar General Corp. presently has a consensus rating of “Hold” and a consensus price target of $89.71.
In other news, Director Michael M. Calbert acquired 13,000 shares of the business’s stock in a transaction on Tuesday, August 30th. The shares were acquired at an average cost of $75.53 per share, with a total value of $981,890.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William C. Rhodes III acquired 5,000 shares of the business’s stock in a transaction on 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 disclosure for this purchase can be found here. Company 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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