Analytic Investors LLC decreased its stake in Dollar General Corp. (NYSE:DG) by 33.8% during the third quarter, Holdings Channel reports. The fund owned 1,024,415 shares of the company’s stock after selling 523,942 shares during the period. Analytic Investors LLC’s holdings in Dollar General Corp. were worth $71,699,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Moore Capital Management LP purchased a new stake in Dollar General Corp. during the third quarter valued at $2,049,000. Destination Wealth Management purchased a new stake in Dollar General Corp. during the third quarter valued at $202,000. Johnson Investment Counsel Inc. raised its stake in Dollar General Corp. by 22.2% in the third quarter. Johnson Investment Counsel Inc. now owns 11,333 shares of the company’s stock valued at $793,000 after buying an additional 2,058 shares during the last quarter. UBS Oconnor LLC purchased a new stake in Dollar General Corp. during the third quarter valued at $6,999,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in Dollar General Corp. during the third quarter valued at $468,000. 84.33% of the stock is owned by institutional investors.
Dollar General Corp. (NYSE:DG) opened at 72.44 on Thursday. The company has a market cap of $20.01 billion, a P/E ratio of 16.99 and a beta of 0.84. The stock has a 50 day moving average of $75.32 and a 200-day moving average of $78.45. 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 posted its quarterly earnings data on Thursday, December 1st. The company reported $0.89 EPS for the quarter, missing the Zacks’ consensus estimate of $0.93 by $0.04. Dollar General Corp. had a net margin of 5.70% and a return on equity of 22.79%. The firm earned $5.32 billion during the quarter, compared to the consensus estimate of $5.37 billion. During the same period in the prior year, the company posted $0.88 earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities research analysts expect that Dollar General Corp. will post $4.40 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 4th. Stockholders of record on Wednesday, December 21st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Monday, December 19th. Dollar General Corp.’s dividend payout ratio is currently 23.53%.
Several research firms have recently weighed in on DG. Bank of America Corp. reaffirmed a “neutral” rating on shares of Dollar General Corp. in a report on Friday, January 13th. RBC Capital Markets reaffirmed a “buy” rating and set a $80.00 price objective on shares of Dollar General Corp. in a report on Thursday, January 5th. Vetr raised shares of Dollar General Corp. from a “buy” rating to a “strong-buy” rating and set a $86.44 price objective for the company in a report on Thursday, December 22nd. Zacks Investment Research raised shares of Dollar General Corp. from a “sell” rating to a “hold” rating in a report on Thursday, December 8th. Finally, Loop Capital started coverage on shares of Dollar General Corp. in a research note on Wednesday, December 7th. They set a “hold” rating and a $76.00 price target on the stock. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $87.05.
In related news, EVP Robert D. Ravener sold 6,376 shares of the stock in a transaction on Friday, December 16th. The shares were sold at an average price of $77.32, for a total transaction of $492,992.32. Following the transaction, the executive vice president now directly owns 18,174 shares of the company’s stock, valued at $1,405,213.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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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