Commerzbank Aktiengesellschaft FI boosted its stake in shares of Dollar General Corp. (NYSE:DG) by 190.8% during the first quarter, Holdings Channel reports. The fund owned 24,323 shares of the company’s stock after buying an additional 15,959 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Dollar General Corp. were worth $1,696,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. Commonwealth Bank of Australia increased its position in Dollar General Corp. by 4.4% in the third quarter. Commonwealth Bank of Australia now owns 21,452 shares of the company’s stock valued at $1,501,000 after buying an additional 900 shares during the last quarter. Horan Capital Management bought a new stake in Dollar General Corp. during the first quarter valued at about $335,000. Honkamp Krueger Financial Services Inc. ADV bought a new stake in Dollar General Corp. during the fourth quarter valued at about $898,000. State Street Corp increased its stake in Dollar General Corp. by 1.6% in the fourth quarter. State Street Corp now owns 12,561,359 shares of the company’s stock valued at $930,748,000 after buying an additional 198,128 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in Dollar General Corp. by 97.1% in the fourth quarter. Marshall Wace LLP now owns 53,773 shares of the company’s stock valued at $3,983,000 after buying an additional 26,493 shares in the last quarter. Institutional investors and hedge funds own 81.93% of the company’s stock.
Dollar General Corp. (NYSE:DG) traded up 0.34% on Friday, reaching $73.62. The company had a trading volume of 2,066,412 shares. The stock has a market capitalization of $20.25 billion, a PE ratio of 16.62 and a beta of 0.84. The stock’s 50 day moving average price is $70.57 and its 200-day moving average price is $73.05. 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 announced its quarterly earnings results on Thursday, March 16th. The company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.41 by $0.08. The business had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $5.96 billion. Dollar General Corp. had a net margin of 5.70% and a return on equity of 22.79%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.30 EPS. Equities analysts expect that Dollar General Corp. will post $4.45 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 26th. Shareholders of record on Tuesday, April 11th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, April 7th. This represents a $1.04 annualized dividend and a yield of 1.41%. This is a boost from Dollar General Corp.’s previous quarterly dividend of $0.25. Dollar General Corp.’s payout ratio is presently 23.53%.
DG has been the topic of several recent research reports. Credit Suisse Group AG downgraded Dollar General Corp. from a “neutral” rating to an “underperform” rating and set a $62.00 target price on the stock. in a research report on Thursday, March 23rd. Zacks Investment Research downgraded Dollar General Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, March 21st. Vetr downgraded Dollar General Corp. from a “strong-buy” rating to a “buy” rating and set a $76.50 target price on the stock. in a research report on Monday, March 27th. Buckingham Research downgraded Dollar General Corp. from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $83.00 to $75.00 in a research report on Friday, March 10th. Finally, Deutsche Bank AG restated a “hold” rating and set a $78.00 target price on shares of Dollar General Corp. in a research report on Thursday, April 6th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $83.49.
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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