TrimTabs Asset Management LLC cut its position in Dollar General Corp. (NYSE:DG) by 10.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,104 shares of the company’s stock after selling 2,331 shares during the period. Dollar General Corp. makes up approximately 1.2% of TrimTabs Asset Management LLC’s holdings, making the stock its 3rd largest position. TrimTabs Asset Management LLC’s holdings in Dollar General Corp. were worth $1,890,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the company. Checchi Capital Advisers LLC raised 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 in the last quarter. Capital Analysts LLC raised 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 in the last quarter. First Niagara Bank raised 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 in the last quarter. Emerald Mutual Fund Advisers Trust raised 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 in the last quarter. Finally, MSI Financial Services Inc raised 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 in the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.
Shares of Dollar General Corp. (NYSE:DG) traded up 0.10% during trading on Wednesday, reaching $68.76. 685,820 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $70.81 and its 200-day moving average price is $84.02. Dollar General Corp. has a 52-week low of $59.75 and a 52-week high of $96.88. The stock has a market cap of $19.37 billion, a PE ratio of 16.08 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. The firm 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%. Dollar General Corp.’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.95 earnings per share. On average, equities research analysts forecast that Dollar General Corp. will post $4.50 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 28th. Stockholders of record on Wednesday, September 14th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.46%. The ex-dividend date was Monday, September 12th. Dollar General Corp.’s payout ratio is presently 23.42%.
DG has been the subject of a number of research analyst reports. Deutsche Bank AG reaffirmed a “buy” rating and set a $77.00 price objective (down previously from $84.00) on shares of Dollar General Corp. in a research report on Wednesday, October 12th. KeyCorp initiated coverage on shares of Dollar General Corp. in a research report on Wednesday, October 12th. They set a “sector weight” rating for the company. Credit Suisse Group AG set a $70.00 price objective on shares of Dollar General Corp. and gave the company a “hold” rating in a research report on Wednesday, October 5th. Barclays PLC initiated coverage on shares of Dollar General Corp. in a research report on Friday, September 23rd. They set an “equal weight” rating and a $74.00 price objective for the company. Finally, Macquarie reaffirmed an “outperform” rating and set a $92.00 price objective on shares of Dollar General Corp. in a research report on Wednesday, September 14th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Dollar General Corp. has a consensus rating of “Buy” and an average price target of $89.42.
In related news, Director William C. Rhodes III acquired 5,000 shares of the stock in a transaction that occurred on Friday, August 26th. The stock was acquired at an average cost of $76.30 per share, for a total transaction of $381,500.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael M. Calbert acquired 13,000 shares of the stock in a transaction that occurred on Tuesday, August 30th. The shares were bought at an average price of $75.53 per share, with a total value 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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