BlackRock Advisors LLC lowered its position in shares of Dollar General Corporation (NYSE:DG) by 6.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,592,080 shares of the company’s stock after selling 361,600 shares during the period. BlackRock Advisors LLC owned about 1.98% of Dollar General Corporation worth $391,389,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. BB&T Corp bought a new position in Dollar General Corporation during the second quarter worth $8,441,000. Tocqueville Asset Management L.P. raised its position in Dollar General Corporation by 0.3% in the second quarter. Tocqueville Asset Management L.P. now owns 75,755 shares of the company’s stock worth $7,121,000 after buying an additional 240 shares during the last quarter. Moody Lynn & Lieberson LLC raised its position in Dollar General Corporation by 7.1% in the second quarter. Moody Lynn & Lieberson LLC now owns 15,887 shares of the company’s stock worth $1,493,000 after buying an additional 1,050 shares during the last quarter. CAM Group Holding A S raised its position in Dollar General Corporation by 3.2% in the second quarter. CAM Group Holding A S now owns 3,576,704 shares of the company’s stock worth $336,210,000 after buying an additional 109,279 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in Dollar General Corporation during the second quarter worth $3,472,000. 85.36% of the stock is owned by institutional investors and hedge funds.
Shares of Dollar General Corporation (NYSE:DG) opened at 73.14 on Friday. The company has a 50-day moving average price of $73.64 and a 200 day moving average price of $76.78. Dollar General Corporation has a 52 week low of $66.50 and a 52 week high of $96.88. The stock has a market capitalization of $20.21 billion, a PE ratio of 17.16 and a beta of 0.84.
Dollar General Corporation (NYSE:DG) last posted its quarterly earnings data on Thursday, December 1st. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by $0.04. The company earned $5.32 billion during the quarter, compared to the consensus estimate of $5.37 billion. Dollar General Corporation had a net margin of 5.70% and a return on equity of 22.79%. Dollar General Corporation’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.88 earnings per share. Equities analysts forecast that Dollar General Corporation will post $4.40 EPS for the current fiscal year.
A number of research firms have weighed in on DG. Vetr lowered Dollar General Corporation from a “buy” rating to a “hold” rating and set a $80.38 target price for the company. in a report on Tuesday, November 22nd. Buckingham Research reiterated a “buy” rating and set a $90.00 price target on shares of Dollar General Corporation in a research report on Tuesday, November 29th. Guggenheim reiterated a “buy” rating and set a $90.00 price target on shares of Dollar General Corporation in a research report on Tuesday, November 29th. J P Morgan Chase & Co dropped their price target on Dollar General Corporation from $75.00 to $70.00 and set a “neutral” rating for the company in a research report on Wednesday, November 30th. Finally, Zacks Investment Research upgraded Dollar General Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, December 8th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $87.05.
In related news, EVP Robert D. Ravener sold 6,376 shares of the firm’s stock in a transaction that occurred on Friday, December 16th. The stock was sold at an average price of $77.32, for a total transaction of $492,992.32. Following the completion of the sale, the executive vice president now directly owns 18,174 shares of the company’s stock, valued at approximately $1,405,213.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.22% of the stock is owned by company insiders.
About Dollar General Corporation
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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