Stifel Financial Corp Reduces Position in Dollar General Corp. (DG)

Stifel Financial Corp decreased its stake in Dollar General Corp. (NYSE:DG) by 9.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 37,799 shares of the company’s stock after selling 3,746 shares during the period. Stifel Financial Corp’s holdings in Dollar General Corp. were worth $2,615,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Hsbc Holdings PLC boosted its position in Dollar General Corp. by 10.4% in the third quarter. Hsbc Holdings PLC now owns 511,465 shares of the company’s stock valued at $35,625,000 after buying an additional 48,139 shares in the last quarter. Natixis Asset Management boosted its position in Dollar General Corp. by 1.4% in the third quarter. Natixis Asset Management now owns 23,313 shares of the company’s stock valued at $1,632,000 after buying an additional 333 shares in the last quarter. KDI Capital Partners LLC boosted its position in Dollar General Corp. by 107.6% in the third quarter. KDI Capital Partners LLC now owns 314,399 shares of the company’s stock valued at $22,005,000 after buying an additional 162,920 shares in the last quarter. Jackson Square Partners LLC acquired a new position in Dollar General Corp. during the third quarter valued at $229,515,000. Finally, Lombard Odier Asset Management Europe Ltd acquired a new position in Dollar General Corp. during the third quarter valued at $301,000. 81.93% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Dollar General Corp. (NYSE:DG)

Dollar General Corp. (DG) traded down 0.20% on Friday, reaching $73.54. The company’s stock had a trading volume of 360,287 shares. The firm’s 50 day moving average is $72.97 and its 200-day moving average is $73.45. The firm has a market cap of $20.23 billion, a P/E ratio of 16.60 and a beta of 0.84. Dollar General Corp. has a 12 month low of $66.50 and a 12 month high of $96.88.

Dollar General Corp. (NYSE:DG) last issued its quarterly earnings results on Thursday, June 1st. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.03. The company had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.59 billion. Dollar General Corp. had a net margin of 5.70% and a return on equity of 22.79%. Dollar General Corp.’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 earnings per share. On average, equities research analysts anticipate that Dollar General Corp. will post $4.49 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 25th. Stockholders of record on Tuesday, July 11th will be issued a dividend of $0.26 per share. The ex-dividend date is Friday, July 7th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.41%. Dollar General Corp.’s dividend payout ratio (DPR) is presently 23.53%.

ILLEGAL ACTIVITY NOTICE: This story was first posted by Mideast Time and is owned by of Mideast Time. If you are accessing this story on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark laws. The correct version of this story can be accessed at https://www.mideasttime.com/stifel-financial-corp-reduces-position-in-dollar-general-corp-dg/1766166.html.

DG has been the subject of several research analyst reports. MKM Partners reissued a “buy” rating and set a $83.00 price objective on shares of Dollar General Corp. in a research report on Wednesday, February 22nd. Credit Suisse Group AG set a $69.00 price objective on Dollar General Corp. and gave the stock a “hold” rating in a research report on Thursday, March 2nd. Zacks Investment Research raised Dollar General Corp. from a “sell” rating to a “hold” rating in a research report on Monday, March 6th. Buckingham Research lowered Dollar General Corp. from a “buy” rating to a “neutral” rating and lowered their price target for the company from $83.00 to $75.00 in a research note on Friday, March 10th. Finally, Guggenheim restated an “in-line” rating and set a $90.00 price target on shares of Dollar General Corp. in a research note on Monday, March 13th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have given a buy rating to the company. Dollar General Corp. currently has an average rating of “Hold” and an average price target of $81.10.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “DG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding DG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar General Corp. (NYSE:DG).

Receive News & Ratings for Dollar General Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General Corp. and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.