SL Advisors LLC purchased a new stake in shares of Dollar General Corp. (NYSE:DG) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,088 shares of the company’s stock, valued at approximately $384,000.
Other institutional investors have also made changes to their positions in the company. Parsec Financial Management Inc. acquired a new position in shares of Dollar General Corp. during the second quarter valued at $2,405,000. Quantitative Systematic Strategies LLC purchased a new stake in Dollar General Corp. during the second quarter valued at about $800,000. Gluskin Sheff & Assoc Inc. boosted its stake in Dollar General Corp. by 834.1% in the second quarter. Gluskin Sheff & Assoc Inc. now owns 212,890 shares of the company’s stock valued at $20,012,000 after buying an additional 190,100 shares during the last quarter. LMR Partners LLP boosted its stake in Dollar General Corp. by 322.8% in the second quarter. LMR Partners LLP now owns 25,740 shares of the company’s stock valued at $2,419,000 after buying an additional 19,652 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust boosted its stake 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 valued at $369,000 after buying an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 85.44% of the company’s stock.
Dollar General Corp. (NYSE:DG) traded down 0.854% during trading on Monday, reaching $69.065. 1,328,642 shares of the company’s stock traded hands. Dollar General Corp. has a 1-year low of $59.75 and a 1-year high of $96.88. The stock has a market capitalization of $19.46 billion, a P/E ratio of 16.152 and a beta of 0.74. The stock has a 50-day moving average price of $73.97 and a 200 day moving average price of $84.86.
Dollar General Corp. (NYSE:DG) last announced 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. The company earned $5.39 billion during the quarter, compared to analyst estimates of $5.50 billion. Dollar General Corp. had a net margin of 5.86% and a return on equity of 22.95%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.95 EPS. Equities research analysts expect that Dollar General Corp. will post $4.50 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 28th. Stockholders of record on Wednesday, September 14th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend was Monday, September 12th. Dollar General Corp.’s dividend payout ratio is presently 23.42%.
Several equities research analysts recently issued reports on DG shares. Jefferies Group cut Dollar General Corp. from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $101.00 to $96.00 in a report on Monday, August 15th. They noted that the move was a valuation call. Morgan Stanley restated a “buy” rating and set a $97.00 target price on shares of Dollar General Corp. in a report on Sunday, August 28th. MKM Partners restated a “buy” rating and set a $97.00 target price on shares of Dollar General Corp. in a report on Thursday, August 25th. Zacks Investment Research cut Dollar General Corp. from a “hold” rating to a “sell” rating in a report on Monday, August 29th. Finally, Citigroup Inc. boosted their target price on Dollar General Corp. from $89.00 to $107.00 and gave the stock a “buy” rating in a report on Wednesday, August 31st. 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 issued a strong buy rating to the stock. Dollar General Corp. presently has an average rating of “Hold” and a consensus price target of $89.71.
In other Dollar General Corp. news, Director William C. Rhodes III bought 5,000 shares of the business’s 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 document filed with the SEC, which is available at the SEC website. Also, Director Michael M. Calbert bought 13,000 shares of the business’s stock in a transaction dated Tuesday, August 30th. The stock was acquired 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. 0.22% of the stock is currently 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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